– USA, CA – Southern California Bancorp (OTC: BCAL), the holding company for Bank of Southern California, N.A., today announced the appointment of four new independent directors to the Board of Directors of the Company and the Bank, effective as of November 18, 2020, bringing board membership to 10, including eight independent directors.
The new directors are David Holman, Jan Lynn Owen, Kaveh Varjavand, and Anita Wolman. Directors Adriana Boeka and Joseph Matranga have retired from the board. Chairman Emeritus John Farkash, Irwin Golds, Lester Machado, and David Volk will continue serving as Directors of the Company and the Bank.
“We are pleased to welcome Dave, Jan, Kaveh and Anita to the Board of Directors of Southern California Bancorp,” said Executive Chairman, David Rainer. “They are a talented and proven group of experienced banking and financial executives, and they bring a diverse set of expertise to our Board. We are excited to have them join us.”
The newly appointed directors bring extensive banking and board experience to the Company and the Bank.
“Dave, Jan, Kaveh, and Anita bring experience and leadership to our board that will help guide and support our strategy to expand our operations in the Los Angeles, Orange and Ventura County markets, and we look forward to their contributions,” said Nathan Rogge, President, and CEO of the Company and the Bank. “On behalf of the Board, I would like to thank Adriana and Joseph for their long service to Southern California Bancorp and the Bank and their much-valued contributions. We wish them all the best going forward.”
About David Holman
David Holman has 40 years of commercial banking experience, serving as the Chairman of the Board of Directors of 1st Enterprise Bank from its incorporation in 2006 to its merger with California United Bank in 2014, at which time he became a director of its parent company, CU Bancorp, serving as Lead Director from 2015 to 2017. Before that, he was a senior executive at the Southern California Banking Group of First Interstate Bank for 25 years.
About Jan Lynn Owen
Jan Lynn Owen is a senior advisor in the Manatt Financial Services group, where her practice includes accountancy, assets recovery, auditing, banking, and financial reporting. Before joining Manatt, from 2013 to 2019, she was the Commissioner of California’s Department of Business Oversight, the state’s financial regulator. Before that, she served as commissioner of the California Department of Corporations.
About Kaveh Varjavand
Kaveh Varjavand is the president of AARCS—Accounting, Audit and Reporting Consulting Services—a firm he founded in 2013 that provides consulting services to community banks. From 2006 to 2013, he was the partner-in-charge of the Southern California Financial Services Group at Moss Adams LLP, and before that, he served as an audit partner with KPMG LLP. He also served as a director of CU Bancorp from 2015 to 2017.
About Anita Wolman
Anita Wolman served as EVP and General Counsel at CU Bancorp from 2009 to 2017 and was a founder of its wholly-owned subsidiary, California United Bank, in 2005. Before that, she held General Counsel positions at California Commerce Bank and Pacific Century Bank.
About Bank of Southern California
A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank’s solution-driven, relationship-based approach to banking provides accessibility to decision-makers and enhances value through strong partnerships with its clients. The Bank currently operates branches in San Diego County, Los Angeles County, Orange County, San Bernardino County, and the Coachella Valley in Riverside County.
For more information: https://www.banksocal.com/
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