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Doug Stoveland Joins California Bank of Commerce as EVP/Chief Risk/Chief Credit Officer

LAFAYETTE, Calif., June 05, 2017 (GLOBE NEWSWIRE) -- California Bank of Commerce (OTCQX:CABC), a San Francisco Bay Area business bank, today announced that Doug Stoveland has joined the Bank as Executive Vice President and Chief Risk/Chief Credit Officer.

Stoveland brings more than 25 years of extensive leadership experience in credit administration, risk management and specialty lending to CABC. He has served in increasingly responsible banking and credit administration positions with MUFG Union Bank, Greater Bay Bank and Bank of America.

“Doug brings extensive leadership experience in credit administration, risk management and strategy, and specialty lending. He is a significant addition to our executive leadership team,” said Terry A. Peterson, President and CEO. “The founding Chief Credit Officer, John Lindstedt, will continue on with the Bank as a continuing member of our Executive Committee.”

Stoveland earned his Bachelor of Arts degree in Economics and Theater from State University of New York at Binghamton New York and his Masters of Business Administration from Notre Dame de Namur University in Belmont, California. He is also an alum of Bank of America’s formal credit training program.

About California Bank of Commerce

California Bank of Commerce offers a broad range of commercial banking services to closely held businesses and professionals located throughout the San Francisco Bay Area. The Bank is an SBA Preferred Lender and operates an Asset-Based Lending Division named CBC Business Credit. The stock trades on the OTCQX marketplace under the symbol CABC. For more information on California Bank of Commerce, call us at (510) 457-3751 or visit us at www.californiabankofcommerce.com.

California Bank of Commerce Terry A. Peterson, 510-457-3751 President and CEO tpeterson@bankcbc.com

Source:California Bank of Commerce