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Sunwest Bank names new president, establishes charitable foundation
The two moves indicate efforts to promote continued growth and stability, say company officials.
By Carol StarcevicPublished: March 18, 2010 08:15 AM
Sunwest Bank – which has offices in Anaheim, Tustin, Newport Beach, San Clemente, Laguna Hills and Encinitas – has named J. Christopher Walsh president of the financial institution, says Sunwest CEO Glenn E. Gray, who previously served as the bank’s president.
“Sunwest Bank experienced outstanding growth during 2009, both organically and through the acquisition of three other banks,” says Gray. “As we continue on this positive path, it is appropriate that we separate the chief executive officer duties from those of the president.”
Walsh joined Sunwest in 2008 and had previously worked at five other Southern California banks.
In related news, the bank has established the Sunwest Bank Charitable Foundation, which was created to facilitate efforts to help those in need in the United States and throughout the world. An initial $2 million was donated by the bank.
Walsh’s promotion and the recent establishment of the foundation, actions taken by the bank’s board of directors, indicate Sunwest’s continued growth and stability.
Sunwest Bank acquired MetroPacific Bank of Irvine in June 2009; First State Bank of Flagstaff, Arizona in September 2009; and Pacific Coast Bank of San Clemente in November 2009.
“Sunwest Bank is doing banking the right way,” says Walsh, a 30-year banking industry veteran. “We continue to prove that our careful approach to lending, while still meeting the needs of our local community businesses with appropriate resources, is the right strategy for our customers and for the industry.”
Emphasizing capital liquidity, the nearly 40-year-old bank specializes in meeting the credit- and cash-management needs of small- and mid-size businesses.
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“Sunwest Bank experienced outstanding growth during 2009, both organically and through the acquisition of three other banks,” says Gray. “As we continue on this positive path, it is appropriate that we separate the chief executive officer duties from those of the president.” Walsh joined Sunwest in 2008 and had previously worked at five other Southern California banks. In related news, the bank has established the Sunwest Bank Charitable Foundation, which was created to facilitate efforts to help those in need in the United States and throughout the world. An initial $2 million was donated by the bank. Walsh’s promotion and the recent establishment of the foundation, actions taken by the bank’s board of directors, indicate Sunwest’s continued growth and stability. Sunwest Bank acquired MetroPacific Bank of Irvine in June 2009; First State Bank of Flagstaff, Arizona in September 2009; and Pacific Coast Bank of San Clemente in November 2009. “Sunwest Bank is doing banking the right way,” says Walsh, a 30-year banking industry veteran. “We continue to prove that our careful approach to lending, while still meeting the needs of our local community businesses with appropriate resources, is the right strategy for our customers and for the industry.” Emphasizing capital liquidity, the nearly 40-year-old bank specializes in meeting the credit- and cash-management needs of small- and mid-size businesses. Related headlines Volcom moves forward with marketing initiatives Orange County Transportation Authority names new CEO Brandman appoints new Board of Regents chairman |
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