Community West Bancshares (CWBC) in Goleta, Calif., has promoted Michael Phlaum to executive vice president and chief operating officer of its bank unit.
Phlaum joined Community West Bank two years ago as senior vice president and community banking officer, the $538 million-asset company said in a press release Monday. He has been in banking 35 years.
Phlaum's "strong background, experience in strategic initiatives, operations, administration, project management and product development make him ideally suited for this new position as chief operating officer," Martin Plourd, Community Wests president and chief executive, said in the release.
Community West did not have a COO before Phlaum's appointment, according to the company website. The bank did not immediately respond to a request seeking additional information.