MURRIETA, Calif.--(BUSINESS WIRE)--Commerce Bank of Temecula Valley (OTC Pink: CKTM) (http://www.commercebanktv.com) announced that Scott R. Andrews has been appointed President & CEO and elected as a Director at its Annual Shareholder Meeting held September 13, 2017. Mr. Andrews, an experienced and well-regarded community banker, joined the Bank August 9, 2017 and succeeded Donald W. Murray as President and CEO effective September 1, 2017.
Mr. Andrews has a 41-year banking career, including having served as CEO of two Southern California community banks; Pacific Commerce Bank in Los Angeles and Sunrise Bank in San Diego. During his distinguished career, he has assisted in the development of six de novo community banks and held executive management roles at community, regional and national banks. Mr. Andrews, a native Southern Californian, has worked his entire career in various markets throughout Southern California.
“I am very pleased to have the opportunity to lead Commerce Bank of Temecula Valley and to work closely with the Board of Directors to grow the Bank into a more regionally focused, business community bank,” said Mr. Andrews. “The Southern California market has seen a severe reduction in the number of community banks as a result of ongoing merger activity, resulting in a tremendous market opportunity for a local community bank like CBTV.”
“We look forward to working with Mr. Andrews to sharpen the Bank’s strategic vision and to build a stronger organization dedicated to delivering results,” commented Dr. Richard K. Shuman, Chairman of the Board.
Commerce Bank of Temecula Valley is a full-service, business-focused community bank providing financial services to businesses, professionals, investors and individuals throughout Southwest Riverside County. Additional information may be found at the company’s website
Information contained herein may contain certain forward-looking statements that are based on management’s current expectations regarding economic, legislative, and regulatory issues that may impact the Bank’s earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.