Commercial Bank of California
Commercial Bank of California (CBC) is one of the nation’s highest capitalized banks, ranking in the top 6%. A full-service, FDIC-insured, community bank headquartered in Irvine, California, CBC is owned, built and run by entrepreneurs for entrepreneurs. Local business leaders such as William Lyon, Paul Folino, and Alex Meruelo serve on the Board of Directors. Inspired by the best practices and experience of the Meruelo Group, CBC specializes in delivering customized, highly personalized banking services to small and mid-sized California businesses and entrepreneurs.
CBC was founded a decade ago and today has among the highest capital ratios in the country, as well as a talented and dedicated team of bankers. In June 2013, the bank began executing a new strategic plan designed to power its growth for the next decade. To realize that vision, the bank strengthened its executive management. In September 2013, Ash Patel, well-respected senior banker, was named President and Chief Executive Office. In October 2013, Christopher Colella was appointed Chief Credit Officer.
The bank has also focused on creating an entrepreneurial culture to better serve and anticipate the needs of business owners. New products and expansion of SBA loan capabilities, have been introduced. All these changes are intended to help CBC grow organically and achieve its five-year goals.