NEW ENGLAND

Westborough Savings Bank in Massachusetts has promoted Robert K. McCann to vice president and head of its commercial lending department.

Mr. McCann joined the $187 million-asset bank last year as an assistant vice president. He has 19 years of finance and banking experience.


MIDDLE ATLANTICSterling Bancorp in New York has hired Richard V. Mandaro as the vice president of business development in the asset-based lending and factoring divisions at Sterling National Bank.

He is responsible for providing lending and other financial services for midsize businesses. He reports to John McCormick, senior vice president of asset-based lending.

Mr. Mandaro was a vice president in New York at Finova Capital Corp., a Phoenix-based financial services company that targets midsize businesses. He has 25 years of experience in asset-based lending and factoring to the textile, apparel, and service industries. Sterling has $1.2 billion of assets.


SOUTHEASTSouthwest Bank of Texas in Houston has hired Patrick Oakes and Edward Bowdon as vice presidents.

Mr. Oakes was hired as a fixed-income trader responsible for executing securities transactions for private-client advisers and investment representatives.

He was an associate director for capital markets at First Sierra Financial Inc., whose public securitizations and asset-backed funding facilities he managed.

Mr. Bowdon was hired as a commercial lender responsible for developing credit, depository, and financial service relationships with middle-market clients.

He was a relationship manager in the energy and maritime lending department at Hibernia National Bank in New Orleans.

Southwest Bank of Texas is a subsidiary of $3.2 billion-asset Southwest Bancorp of Texas.


WESTSilicon Valley Bank in Santa Clara, Calif., has hired David Grandey as the manager of public relations.

Mr. Grandey was a senior public relations account executive at Corsi Carter Israel Public Relations Inc. of San Jose, where he worked for seven years.

Silicon Valley Bank, a subsidiary of Silicon Valley Bancshares, has $5.3 billion of assets.


Humboldt Bancorp in Eureka, Calif., has hired Patrick J. Rusnak as chief financial officer.Mr. Rusnack was a vice president and the controller at $2.5 billion-asset United Community Banks Inc. in Blairsville, Ga. He has 10 years of financial experience, primarily in accounting, financial reporting and strategic planning.

Humboldt Bancorp has $577 million of assets.


Manufacturers Bank in Los Angeles has promoted Sherna Mathew to assistant vice president and manager of its Warner Center branch in Woodland Hills.She joined the bank in February as a financial services officer.

Before that she had been a financial associate, an operations assistant, and a client financial analyst at Citibank, where she had worked for five years. She began her career at Security Pacific Bank in Los Angeles and was the head merchant teller when BankAmerica Corp. bought it in 1992. After the purchase she had continued in that post at Bank of America for three years.

She has 12 years of banking experience.

Manufacturers is a $1.1 billion-asset subsidiary of Sakura Bank Ltd.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.