California Bank of Commerce launched a sponsor finance lending division, which will be led by Larry LaCroix as executive vice president. The division will work with private equity firms (including search funds) and direct lenders to provide cash flow-based senior debt financing.
Alexandra Scoggin has joined the California Bank of Commerce Business Credit team as vice president of Marketing and Business Development.
California Bank of Commerce has expanded its Northern California presence with the addition of Michael Nicita as executive vice president and senior credit administrator.
Timothy Mech has joined California Bank of Commerce as senior vice president and business development officer to cover the Sacramento and North State markets.
California Bank of Commerce has promoted Vivian Mui from deputy chief credit officer to senior executive vice president, chief credit officer.
California Bank of Commerce added Mark J. Simshauser to its asset-based lending team, known in the market as CBC Business Credit. Simshauser will serve as senior vice president of Business Development.
California BanCorp, the holding company for California Bank of Commerce, is making a move into the Sacramento market, focusing on full-service commercial banking for mid-market businesses. Scott Myers is joining the CBC C-suite as senior executive vice president and chief lending officer to lead growth in the market.
Adrienne Enoksen joined California BanCorp as vice president, relationship manager. Enoksen was previously a relationship manager with Bridge Bank.