LOS ANGELES - Coast Fed Business Credit Corp., the asset-based lending subsidiary of Coast Federal Bank, named Scott B. Sampson president and chief operating officer.

Mr. Sampson replaces Jack Baruch, who has been promoted to vice chairman and chief executive.

Mr. Sampson brings 25 years of financial services management to Coast, including line, operating, and management roles in the areas of asset-based lending, investment banking, commercial banking, real estate, consumer finance, equipment lending, and subordinated debt.

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