Trans Pacific National Bank in San Francisco has named ex-Chicago banker Bob Lussier its president and chief executive.
Trans Pacific is a privately held commercial bank with $112 million in assets and three branches in San Francisco, Alameda and Millbrae.
Lussier had been president of Parkway Bancorp in Chicago from 2006 until early 2014, when he resigned from the company. During that period Parkway's assets grew from $1 billion to $2 billion, it bought United Arizona Bank, and it expanded from one branch to eight in Arizona.
He joined Trans Pacific in March, but his hiring was formally announced this week.
The banks two previous CEOs were Dick Kahler and David Funkhouser. After the Office of the Comptroller hit the bank with a consent order in 2010, Funkhouser was brought in to stabilize the bank; the bank had to increase its capital, reduce its problem assets, improve its loan portfolio and take other corrective steps.
When the OCC lifted the consent order in 2014, Funkhouser departed and Kahler took the reins until the bank could find a leader who would help it expand in the Bay Area. Kahler has retired.
Lussier's experience in commercial lending was viewed as valuable, the bank said.