Most recently, Mr Masterson was with Grant Thornton, an accounting, tax and business advisory firm, where he was the partner-in-charge for all of the firm’s services and activities at its Woodland Hills office in California.

Brad Cowie, who was serving as the interim CFO, will resume his full-time duties as chief risk officer of the bank. Don Lafler, a former CFO of the bank will continue to serve in an advisory role with the bank.

George Leis, president and CEO, said: We are very pleased to add Stephen to our management team. Stephen’s extensive financial reporting, SEC compliance and risk management background in the financial services industry makes him ideally suited to the responsibilities of CFO.