Opportunity Capital will focus primarily on extending loans guaranteed by the US Small Business Administration to owner operated businesses in the bank’s market area. This new division will be headed by Bob McDoulett, senior vice president.
John Rossell, president and CEO of California Bank of Commerce, said: This new division will provide an outreach to small and emerging companies in a way that will complement our current larger middle market focus. Bob, like the rest of our senior team, has long experience and an established record of success.
McDoulett added: I joined California Bank of Commerce because I admire their commitment to partnership with entrepreneurs and owner operators. Together, we will make Opportunity Capital a leader in small business lending.
