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California Bank & Trust opens a Valencia office

Posted: May 2, 2012 2:00 a.m.
Updated: May 3, 2012 2:00 a.m.

Another bank has joined the ranks of banks seeking to tap into the Santa Clarita Valley market.

California Bank & Trust, based in San Diego, opened a new regional office in Santa Clarita on April 19.

The Valencia location will serve as a regional hub where the branch and commercial banking are brought together under the same umbrella to serve local businesses and individuals.

The bank announced that the Valencia office will emphasize cultivating relationships with the local business community. To start, it has joined the Santa Clarita Valley Chamber of Commerce, Santa Clarita Valley Latino Chamber of Commerce and the Valley Industry Association.

Angela Underwood serves as senior vice president and regional manager for the Northern Los Angeles/Central Valley area, which includes the new Valencia office. Prior to joining California Bank & Trust, she was senior vice president and consumer banking executive for Bank of America’s Antelope Valley market area.

“California Bank & Trust is thrilled to have the opportunity to open a new office in Valencia,” Underwood said. “The bank will work closely with its customers to provide the value they deserve and will strive to prove itself an indispensable asset to the community as a whole.”

Timothy Herles holds the position of senior vice president and commercial banking team leader at the new Valencia regional office. He is responsible for managing, leading and assisting a team of lenders in an effort to meet established business development goals for the unit. Before joining California Bank & Trust, Herles served as manager of business banking for National Bank of California.

“Valencia is a tremendous market for California Bank & Trust to expand into,” Herles said. “The bank looks forward to establishing mutually advantageous relationships with local organizations to help grow business in the area.”

David Sada serves as vice president and commercial banking officer in the Valencia office. He is responsible for outreach to local community businesses and for generating core deposits, business and commercial real estate loans, fee income and maintaining profitable business relationships for the bank. Sada previously served as senior client manager for Merrill Lynch.

“California Bank & Trust is committed to developing banking services tailored specially for each customer’s needs,” Sada said. “We deliver a unique set of products and services to our clients in an effort to satisfy the specific financial needs and requirements of the local community.”

The new regional office is located at 25420 The Old Road, Valencia.


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