California United Bank (CUB) has announced that it plans to open a new office in South Bay, California on September 21, 2009. The bank has appointed Kim Defenderfer as regional manager of the new office.
Reportedly, Mr. Defenderfer joined the bank in April 2009, as senior vice president to lead the planned expansion in the South Bay, to oversee all the banking functions and work with the production team to establish and build customer relationships. The bank has said that he has over 22 years of experience in middle-market banking, and prior to joining California United Bank, he served as executive vice president for 12 years at Mellon 1st Business Bank.
David Rainer, chairman, president and CEO of CUB, said: “The addition of our new office provides us with an opportunity to enter a new growth market and to introduce our unique style of relationship banking to business customers in the South Bay. This new office is a logical step in our overall expansion strategy and we are very optimistic about the prospects for this office.”
“Mr. Defenderfer has an extensive track record of providing sophisticated and responsive banking services to mid-market commercial customers and we are confident that both his and the CUB team’s experience will provide additional depth of service to our existing clientele. The new loan production office joins CUB’s three full service banking centers in Encino, West Los Angeles, and the Santa Clarita Valley, as well as its Loan Production Office in the Conejo Valley,” he added.
