LAFAYETTE, Calif.--(BUSINESS WIRE)--California Bank of Commerce (OTCQX: CABC) a San Francisco Bay Area business bank, today announced that Senior Vice President Kris Chandrasekar has recently joined the Bank’s Small Business Administration Lending Division (“SBA”).
“Our strong growth, culture and reputation enables us to continue attracting talented bankers and we are pleased to welcome Mr. Chandrasekar to the Bank’s SBA Lending Division,” said Executive Vice President, Market President-Santa Clara Region, Chris Morin.
California Bank of Commerce recently received the highest bank designation granted by the SBA, reserved for top tier bank lenders, of the Preferred Lenders Program. This Program grants the Bank delegated lending authority allowing expedited loan approvals.
Mr. Chandrasekar is a seasoned portfolio manager with over thirty years of experience in lending and credit administration as well as a specialization in Government-Guaranteed facilities. He is well versed in all aspects of SBA lending. “As we build our SBA team we are focused on serving the privately owned and operated business community throughout the Bay Area,” said Senior Vice President and Manager of the Bank’s SBA Lending Division Winston Bandong.
Mr. Chandrasekar has a Bachelor of Arts in Business Administration with an emphasis in Marketing and a Master of Business Administration degree from California State University, Fullerton. Prior to joining the Bank, he spent the last seventeen years with Heritage Bank of Commerce where he was a Credit Manager in the business lending division and worked at Sumitomo Bank in a similar capacity prior to that. “Growing a solid portfolio of loans is an exciting endeavor. I look forward to being part of the growth story at California Bank of Commerce” said Mr. Chandrasekar.
“We are pleased to have Mr. Chandrasekar join our banking team at California Bank of Commerce as we continue to build a relationship focused Bay Area commercial business bank,” concluded President & Chief Executive Officer Terry A. Peterson.
About California Bank of Commerce
California Bank of Commerce offers a broad range of commercial banking services to closely held businesses and professionals located throughout the San Francisco Bay Area. The stock trades on the OTCQX marketplace under the symbol CABC. For more information on California Bank of Commerce, call us at (925) 283-2265, or visit us at www.californiabankofcommerce.com.