For Immediate Release
Costa Mesa, CA, (October 28, 2013) – Commercial Bank of California, one of the most innovative business banks and one of the highest capitalized in Southern California, today announced that Ash Patel has been named President, Chief Executive Officer and a member of the Board.
Bala Balkrishna, the Bank’s previous President and Chief Executive Officer, will remain on the Board of Commercial Bank of California.
Patel has nearly thirty years of financial services experience. Prior to joining the Bank, Patel was Founder and President of Premier Commercial Bank in Anaheim, California. At Premier Commercial Bank, he produced 39 consecutive quarters of growth and then helped successfully sell the bank.
“Since our inception, Commercial Bank of California has been committed to growing and expanding our organization as the premier local bank focused on providing small and mid-sized businesses of Southern California both capital and expertise,” said Bala Balkrishna, the Chairman of Commercial Bank of California Bank. “Ash’s background, knowledge of the market, client relationships and leadership capabilities make him uniquely qualified to lead as we undergo a complete restructuring.”
“Commercial Bank of California has built a very strong presence in Orange County in a very short period of time by providing outstanding service and a wide range of business and personal banking solutions,” Patel said. “Now it is time to turn the bank into an organization that celebrates human capital innovation and better enables entrepreneurs and business owners to realize their financial objectives.”
About Commercial Bank of California
Commercial Bank of California is a full-service community bank headquartered in Costa Mesa, California. Delivering personalized, relationship-based banking, Commercial Bank of California has two branches in Orange County to serve dynamic businesses both small and large. Commercial Bank of California is an FDIC-insured institution and funds deposited in the bank are insured up to the FDIC’s insurance limit of $250,000 per depositor.
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