Commercial Bank of California (CBC) is proud to announce the appointment of two executive vice presidents. Michael J. Helmuth will serve as market president of Orange County and Claudia Bodan will serve as the Los Angeles market president. In these new positions, each will lead regional teams in providing transformative financial products and innovative fintech solutions that empower businesses and entrepreneurs to achieve greater success.
“This year has been one of tremendous growth for CBC,” said Ash Patel, president and CEO of Commercial Bank of California. “We are excited to leverage both Claudia and Mike’s decades of experience to continue to provide solutions to more businesses in the region beyond the typical service offerings of a traditional bank.”
Since the close of 2017, CBC’s total assets have grown approximately 8.4 percent and net loans have also increased by 6.6 percent. Furthermore, the bank has hired more than 35 employees across Southern California as demand for holistic banking services has increased in 2018.
“CBC’s purpose-driven approach to banking is a refreshing and innovative spirit that I haven’t seen in many banks,” said Helmuth. “By leading with a partnership style, we can do more than just provide banking solutions – we can be true business advisors focused solely on our clients’ growth goals.”
“CBC is creating innovative products and partnerships that are setting a new standard of what a bank can offer its clients,” said Bodan. “I’m excited to be a part of this initiative and lead the team as the company continues to grow.”
Prior to joining CBC, Ms. Bodan served as market manager and senior vice president at Bank of America for more than 13 years. She previously was a vice president and commercial loan officer at Wells Fargo. Ms. Bodan began her career as a bank teller in college and was resilient in her ability to achieve her goals and rise in the ranks as a leader in LA’s competitive finance industry.
For the last four years, Mr. Helmuth served as a regional president for Community Bank, where he led 11 of the bank’s 16 branch offices. He formerly held leadership positions in Southern California financial institutions including American Security Bank, Citizens Business Bank and City National Bank.
CBC announced earlier this year that it completed the transition to a privately held bank status, and is now one of few private banks based in Southern California. “Now that ownership of CBC is held by a limited number of private investors, Mike and Claudia can lead their respective teams to focus on each client’s business needs instead of shareholder’s expectations,” said Mr. Patel.