Sanwa Bank California in Los Angeles has hired two men for executive vice president posts and promoted a third executive to senior vice president.

Jeffrey P. Anderson was hired to be an executive vice president in the commercial banking group, a post created after the bank's recent corporate reorganization to expand its commercial business.

Mr. Anderson is to be responsible for both the middle-market banking and specialized products divisions; he will oversee California commercial banking offices, commercial real estate lending, syndication services, asset-based finance, correspondent banking, cash management sales, and international banking services.

He joined Sanwa from a post as senior vice president and division manager in Phoenix for Honolulu-based Pacific Century Financial Corp. Before that he had worked for First Interstate Bank and Security Pacific National Bank.

Mr. Anderson, who has relocated to Los Angeles, is to report to Larry D. Layne, vice chairman and head of commercial banking.

Sanwa Bank also hired Randy Roberts to head its operations services division.

Mr. Roberts was named executive vice president and succeeds James Cordle, who has headed operations since 1983 and is scheduled to retire in September.

Mr. Roberts is to oversee 500 employees in branch support, commercial and deposit services, loan operations, and trust and treasury services.

He is to be based at Sanwa's service center in Monterey Park, Calif.

Before joining Sanwa, he was senior vice president and director of facilities, systems, and operations at Community Bank in Pasadena, Calif. Earlier he worked for California Federal Bank and Bank of America.

Renette Shigenaga, deputy head of Sanwa's information and delivery systems division, was promoted to senior vice president.

Ms. Shigenaga, who is project director for the bank's year-2000 compliance, joined Sanwa in 1993 as a group manager for Marshall & Ilsley deposits and consumer loans acquired in a deal. She was later named section manager for core banking and processing services applications.

Ms. Shigenaga has 26 years of financial services experience in client services and information technology. She has worked for Bank of America, Security Pacific and First Interstate banks, and Transamerica Financial Services.

The $9 billion-asset Sanwa Bank California is owned by Sanwa Bank Ltd. of Japan.

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.