Leadership Changes - Steven Shelton has retired as Chief Executive Officer and Director of California BanCorp and California Bank of Commerce, effective December 31, 2025, but will remain in an advisory role until December 31, 2026 [1] - David Rainer has been appointed as the new Chief Executive Officer and will also serve as Chairman of the Company and Bank, effective December 31, 2025 [1] Company Overview - California BanCorp is a registered bank holding company headquartered in San Diego, California, with California Bank of Commerce as its wholly owned subsidiary [3] - The Bank, established in 2001, offers a range of financial products and services to individuals, professionals, and small to medium-sized businesses through 14 branch offices and four loan production offices across California [3] - The Bank emphasizes a solutions-driven, relationship-based approach to banking, enhancing value through strong partnerships with clients [3]
CALIFORNIA BANCORP ANNOUNCES RETIREMENT OF CEO STEVEN SHELTON AND APPOINTMENT OF DAVID RAINER AS CEO