-
Sound Financial Bancorp in Seattle has selected a former Fannie Mae executive to join its board.
April 14 -
MBank in Gresham, Ore., has decided to cease providing banking services to the marijuana industry, just one year after it began serving such clients.
April 13 -
Three banking attorneys from the New York law firm Spizz Cohen & Serchuk have joined a rival firm.
April 13
PacWest Bancorp in Los Angeles announced Tuesday that Chief Financial Officer Victor Santoro plans to retire from the post this summer and that West Coast banking veteran Patrick Rusnak will succeed him in that role.
Santoro will step down as CFO in mid-August after PacWest files its 10-Q for the second quarter. He will remain with the company until June 2016 as vice chairman of corporate development to help with the transition and oversee the closing of PacWest's deal for
Rusnak will join PacWest on April 27 as the executive vice president and CFO of its subsidiary, Pacific Western Bank, and is expected to take on the additional title of holding company CFO when Santoro transitions to his new role. A well-known name on the West Coast, Rusnak most recently served as the CFO of Sterling Financial Corp. in Spokane, Wash., until the company was
Prior to that, Rusnak was chief executive of AmericanWest Bancorp. in Spokane. He is credited with helping
The $16.2 billion-asset PacWest operates 80 branches across California.
