SAN DIEGO - (April , 2012) – California Bank & Trust (CB&T) (calbanktrust.com) is pleased to announce the bank has opened a new regional office in the Santa Clarita community of Valencia. The banking leader’s Valencia location will serve as a regional hub where the branch and commercial banking are brought together under the same umbrella to serve local businesses and individuals. This office officially opened on April 9.
The Valencia office will emphasize cultivating relationships with the local business community. To start, the regional office has joined the Santa Clarita Valley Chamber of Commerce, Santa Clarita Valley Latino Chamber of Commerce and the Valley Industry Association.
Angela Underwood serves as senior vice president and regional manager for the Northern Los Angeles/Central Valley area which includes the new Valencia office. Prior to joining California Bank & Trust, she was senior vice president and consumer banking executive for Bank of America’s Antelope Valley market area, managing 15 banking centers, 250 staff, and $1 billion in deposits. She has spent more than 20 years in the banking industry.
“California Bank & Trust is thrilled to have the opportunity to open a new office in Valencia,” stated Underwood. “The bank will work closely with its customers to provide the value they deserve and will strive to prove itself an indispensable asset to the community as a whole.”
Timothy Herles holds the position of senior vice president and commercial banking team leader at the new Valencia regional office. He is responsible for managing, leading and assisting a team of lenders in an effort to meet established business development goals for the unit. Before joining California Bank & Trust, Herles served as manager of business banking for National Bank of California. He is a member of the California Bankers Association, National Association of Government Guaranteed Lenders and Newhall School District Bond Oversight Committee.
“Valencia is a tremendous market for California Bank & Trust to expand into,” said Herles. “The bank looks forward to establishing mutually advantageous relationships with local organizations to help grow business in the area.”
David Sada serves as vice president and commercial banking officer in the Valencia office. He is responsible for outreach to local community businesses and for generating core deposits, business and commercial real estate loans, fee income and maintaining profitable business relationships for the bank. Sada previously served as senior client manager for Merrill Lynch.
“California Bank & Trust is committed to developing banking services tailored specially for each customer’s needs,” said Sada. “We deliver a unique set of products and services to our clients in an effort to satisfy the specific financial needs and requirements of the local community.”
The new regional office is located at 25420 The Old Road, Valencia, CA 91381. Branch hours are 9:00 a.m. – 5:00 p.m., Monday through Thursday, 9:00 a.m. – 6:00 p.m. on Friday, and 9:00 a.m. – 1:00 p.m. on Saturday. The bank’s team is readily available to meet with local businesses and community members to help them meet their financial needs. Danielle Carter will serve as customer service manager. If you would like more information about the new office, its services or California Bank & Trust in general please call 661-964-3000 or visit the bank online at calbanktrust.com/.
About California Bank & Trust
California Bank & Trust, a subsidiary of Zions Bancorporation (NASDAQ: ZION), is one of the largest banks headquartered in California with over $10 billion in assets and more than 100 branches statewide. CB&T provides a full array of financial solutions for businesses and individuals, including commercial lending, small business lending, SBA financing, cash management, international banking and wealth management. The professional bankers at CB&T are backed by major resources, yet maintain local decision-making authority and regional market and industry expertise. They are committed to providing clients with valuable business and economic insights and to connecting them with the beneficial business relationships they need to succeed. CB&T, as part of Zions Bancorporation, is a proud recipient of 13 Greenwich Associates 2011 Excellence Awards in banking. To learn more, visit calbanktrust.com or call (800) 400-6080. Equal Housing Lender.
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