SOUTHERN CALIFORNIA BANCORP ANNOUNCES RETIREMENT OF CHIEF CREDIT OFFICER ANNE WILLIAMS, AND NAMES PETER NUTZ AS SUCCESSOR
24 Maio 2023 - 9:00AM
Southern California Bancorp (the “Company”) (Nasdaq: BCAL), the
holding company for Bank of Southern California, N.A. (the “Bank”),
announces that Anne Williams, Chief Credit Officer of the Bank,
will retire effective as of May 31, 2023. She will be succeeded as
Chief Credit Officer by Peter Nutz, currently Executive Vice
President, Credit Administrator of the Bank. Ms. Williams will
remain as a member of the Board of Directors of each of the Company
and the Bank.
“Anne joined me at Bank of Southern California
in 2020, and she was essential in establishing the Bank’s credit
culture as we developed and expanded our franchise footprint in
Southern California,” said David Rainer, Chairman and CEO of the
Company and the Bank. “I have been fortunate to work with Anne at
various banks for more than 30 years and I’m delighted she will
continue to share her credit and banking expertise with us as a
member of both of our Boards of Directors.”
“I congratulate Peter on his appointment as
Chief Credit Officer of the Bank; he has more than 20 years of
experience in managing credit risk and is an ideal successor to
Anne for this position. Since joining our Bank just over a year
ago, he has proven his leadership, and demonstrated his deep
knowledge of all aspects of credit administration and operations,
which we believe will serve the Bank well.”
Prior to joining the Bank, Mr. Nutz was
Executive Vice President, Chief Credit Officer at Suncrest Bank
(2015 – 2022). Before that, he served for 13 years in various
credit and risk oversight positions at Rabobank, both domestically
and internationally.
Mr. Nutz earned a Master of Science in
mathematics and economics at Universität Ulm, Germany, and a Master
of Science in probability theory and combinatorics from the
University of Minnesota.
ABOUT SOUTHERN CALIFORNIA
BANCORP AND BANK OF SOUTHERN
CALIFORNIA
Southern California Bancorp (NASDAQ: BCAL) is a
registered bank holding company headquartered in San Diego,
California. Bank of Southern California, N.A., a national banking
association chartered under the laws of the United States (the
“Bank”) and regulated by the Office of Comptroller of the Currency,
is a wholly owned subsidiary of Southern California Bancorp.
Established in 2001 and headquartered in San Diego, California, the
Bank offers a range of financial products and services to
individuals, professionals, and small- to medium-sized businesses
through its 13 branch offices serving Orange, Los Angeles,
Riverside, San Diego, and Ventura counties, as well as the Inland
Empire. The Bank's solutions-driven, relationship-based approach to
banking provides accessibility to decision makers and enhances
value through strong partnerships with its clients. Additional
information is available at www.banksocal.com.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
In addition to historical information, this
release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and other matters that are not historical facts. Examples of
forward-looking statements include, among others, statements
regarding plans or objectives for future operations, products or
services, forecasts relating to financial and operating results or
other measures of economic performance, litigation and performance
and other projections and predictions regarding future results and
events. Forward-looking statements reflect management’s current
view about future events and involve risks and uncertainties that
may cause actual results to differ from those expressed in the
forward-looking statement or historical results. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical or current facts and often include the words
or phrases such as “aim,” “can,” "may," "could," "predict,"
"should," "will," "would," "believe," "anticipate," "estimate,"
"expect," “hope,” "intend," "plan," “potential," “project,” "will
likely result," "continue," "seek," “shall,” “possible,”
"projection," “optimistic,” and "outlook," and variations of these
words and similar expressions.
Some factors that could cause actual results to
differ materially from historical or expected results include,
among others: the risk factors discussed in the Company’s
Registration Statement on Form 10, as amended, filed with the
Securities and Exchange Commission; changes in general economic
conditions, either nationally or locally in the areas in which the
Company conducts business; the impact on financial markets from
geopolitical conflicts; inflation, interest rate, market and
monetary fluctuations; increases in competitive pressures among
financial institutions and businesses offering similar products and
services; higher than anticipated defaults in the Company’s loan
portfolio than expected; changes in management’s estimate of the
adequacy of the allowance for credit losses; legislative or
regulatory changes or changes in accounting principles, policies or
guidelines; and the impacts of recent bank failures.
Any forward-looking statement made in this
release is based only on information currently available to
management and speaks only as of the date on which it is made. The
Company does not undertake, and specifically disclaims any
obligation, to update any forward-looking statements to reflect
occurrences or unanticipated events or circumstances after the date
of such statements or to conform such forward-looking statements to
actual results or to changes in its opinions or expectations,
except as required by law.
INVESTOR RELATIONS CONTACT
Kevin Mc CabeBank of Southern
Californiakmccabe@banksocal.com818.637.7065
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