Smith’s 30 years experience in commercial banking business in the South Bay will help Malaga Bank to strengthen its foothold in business banking arena.

Malaga Bank president and CEO Randy Bowers said Smith will contribute to the further growth of the company’s business banking relationships and geographic expansion.

"Mark’s personal dedication to his clients and sense of community spirit reflect those values already so important to Malaga Bank," Bowers added.

"His association with the largest community bank headquartered in the South Bay will allow him increased opportunities to offer the exceptional customer service and financial products that we are known for."

Headquartered on the Palos Verdes Peninsula, Malaga Bank, a subsidiary of MFC, is a full-service community bank offers competitive banking services to residents and businesses of the South Bay, US.