Valley Republic Bancorp, the parent company of Valley Republic Bank, appointed three executive officers.
Stephen M. Annis, current executive vice president and chief operating officer of the company and the bank, was appointed executive vice president and chief administrative officer. Michele Jasso, vice president of operational excellence – Lean Six Sigma of the bank, was appointed executive vice president and chief operating officer. Garth A. Corrigan, senior vice president and CFO, was appointed executive vice president and CFO.
Annis is an banker with 50 years of experience in commercial banking. He has worked for Valley Republic Bank since February 2010 as its CFO and chief operating officer since May 2019. Prior to joining Valley Republic Bank, he worked for two other California community banks, where he specialized in the areas of bank operations, accounting, investment management, risk management, internal audit and information technology.
Jasso joined Valley Republic in March 2019 as the bank’s vice president of operational excellence – Lean Six Sigma of the bank. Prior to joining, she spent five years working for a grower, shipper and packer of fresh citrus in various roles, including director of general accounting and corporate controller, where she specialized in the direct oversight of the corporate accounting and finance department and led the development and implementation of an accounting and finance center of excellence.
Corrigan joined Valley Republic Bank in March 2010 as the bank’s controller before being appointed senior vice president and CFO in May 2019. Prior to joining Valley Republic Bank, he worked for another California community bank for six years as its assistant controller, where he specialized in accounting, bank and SEC regulatory reporting, and asset/liability management.
“Valley Republic finds itself in a very unique position today. While many of our competitors are finding it necessary to cut staff to improve efficiency, we are building out our organizational structure to handle growth. We have more growth today than at any time in our bank’s history, and with growth comes the need to invest in human capital, systems and processes. I am committed to making the necessary investments to ensure our success,” Geraud Smith, president and CEO of Valley Republic Bank said.