Santa Cruz County Bank named Cecilia Situ executive vice president and CFO. Situ has more than 20 years of financial management experience, including financial accounting and SEC reporting, interest rate risk and investment portfolio management, business combination, financial planning, Sarbanes-Oxley internal control and procedures and team development.
Recently, Situ was senior vice president and treasurer at Bank of Marin, a publicly traded bank with $4.3 billion in assets, where she was influential in strategizing and managing more than $1.8 billion of investment portfolio, funding and liquidity management, with an appreciation of the capital markets and economic outlook.
During her 14-year tenure at Bank of Marin, she played a role in its four bank acquisitions, with strong project management skills and experience in due diligence and cross-functional collaboration. She was also previously controller and principal accounting officer at Bank of Marin and was instrumental in directing and overseeing essential financial accounting activities, including financial book closing, SEC reporting, budgeting, tax planning and regulatory compliance. She started her career in public accounting at Deloitte & Touche with a specialty in auditing community banks, real estate firms, not-for-profit organizations and other financial service companies.
Situ has obtained professional designations such as chartered financial analyst and California certified public accountant. Situ also served on the diversity and inclusion committee for Deloitte’s office in Sacramento, CA, and participated in the Deloitte focus forward program aimed at developing high-achieving women leaders.
“It is an honor to join the Santa Cruz County Bank team. I was attracted to the bank’s superb performance, growth trajectory, community-focused banking and a diverse and seasoned leadership team,” Situ said. “I look forward to working with the team on strategic financial planning to carry forward the bank’s success in the years ahead.”
“We are excited to welcome Cecilia as chief financial officer and look forward to her contributions as a valued member of our executive team,” Krista Snelling, president and CEO of Santa Cruz Bank, said. “Cecilia’s proven financial acumen, demonstrated leadership and level of experience in financial accounting for a NASDAQ-listed, over $4 billion in asset-sized financial institution are an excellent fit for the growth and future of Santa Cruz County Bank.”
