The founder of Pacific Commerce Bank (PFCI), Kenneth Kasamatsu, will retire at the beginning of April to pursue other interests.
Kasamatsu, 67, was the $173 million-asset bank's first president and chief executive, from 2002 to 2005. He has worked in the banking industry for 45 years. Kasamatsu has played a number of roles at Pacific Commerce, most recently as a shareholder contact as well as the head of community and business development, current President and CEO Scott Andrews says.
"Ken has been an outstanding ambassador for Pacific Commerce Bank, and his leadership and guidance have been invaluable to all of us here at the bank," Andrews says.
The Los Angeles community bank was established 12 years ago. It offers small-business loans, construction and permanent real estate financing, and personal and professional credit lines.