FOR IMMEDIATE RELEASE:
CALIFORNIA BANK OF COMMERCE LAUNCHES PROFESSIONAL BANKING DIVISION
OAKLAND, Calif. (June 29, 2018) – California BanCorp (OTCQX:CALB), the holding company for California Bank of Commerce, a San Francisco Bay Area business bank, today launched a Professional Banking Division that goes beyond traditional commercial banking by providing custom solutions for professional services firms.
The new division will consider broader trends and economic factors, such as artificial intelligence in banking, fraud prevention, digital transactions, staffing and real estate to help professional services clients achieve their unique and complex business goals.
“We created the Professional Banking Division as part of our ongoing commitment to help our clients understand and manage market challenges,” said California Bank of Commerce President and CEO Steven E. Shelton. “Our specialized team has decades of combined experience in providing trusted consulting mixed with innovative banking services and business solutions.”
California Bank of Commerce Professional Banking will provide custom liquidity and credit solutions to clients in key industries, including law firms, accounting firms, insurance brokerages, not-for-profit organizations and foundations.
Among a host of benefits available to clients, the Professional Banking Division offers:
• Deposit products
• Specialized escrow services
• Corporate online and cash management products and services
• Credit and financing programs
• Regular industry events focused on market trends
About California BanCorp, formerly California Bank of Commerce
California BanCorp is the parent of California Bank of Commerce and offers a broad range of commercial banking services to closely held businesses and professionals located throughout the San Francisco Bay Area. The stock trades on the OTCQX marketplace under the symbol CALB, formerly CABC. For more information on California BanCorp, call us at (510) 457-3751, or visit us at www.californiabankofcommerce.com.
Contact California BanCorp
Steven E. Shelton, (510) 457-3751
President and CEO
Randall D. Greenfield, (510) 457-3769
EVP and Chief Financial Officer
Colleen Atkinson, (925) 444-2980
EVP, Professional Banking Division