CBC's CEO Retires
CBC's CEO Retires
LAFAYETTE, Calif.--(BUSINESS WIRE)-- California Bank of Commerce (OTCBB: CABC) announced that effective today, John E. Rossell III, President, CEO and Director, has taken early retirement, having accelerated by approximately 4 months a previously announced plan to step down in February, 2013.
The Board of Directors has appointed John E. Lindstedt as interim President and CEO. The Board is well into their search process which commenced earlier this summer.
Mr. Lindstedt has served as the Bank's Chief Credit Officer and Member of the Board of Directors since 2007. Prior to joining the Bank, Mr. Lindstedt served as President of CivicBank of Commerce from 1994 to 1999, and later as Vice Chairman of that bank from 1999 to 2001. Well respected in the commercial banking industry, Mr. Lindstedt spent 26 years with Wells Fargo Bank, culminating as the Senior Lending Officer of Wells Fargo's Corporate Banking Group.
About California Bank of Commerce
California Bank of Commerce was created to provide a unique banking experience for middle market businesses throughout the greater Bay Area. The Bank offers a broad range of commercial banking and advanced treasury management services to closely held businesses and professionals. For more information on California Bank of Commerce and our unique banking experience, call us at 925-283-2265, or visit us at www.californiabankofcommerce.com.
California Bank of Commerce
Mark DeVincenzi, 925-444-2916
KEYWORDS: United States North America California
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