Bank of Southern California Announces the Hiring of Three Seasoned Commercial Lenders

Rhea-AI Summary

The Bank of Southern California, a subsidiary of Southern California Bancorp (Nasdaq: BCAL), has announced the hiring of three seasoned commercial lenders: Ayub Kathrada, Dayana McAlister, and Ayaz Dadabhoy. Kathrada has been appointed as Executive Vice President, Regional Manager; McAlister as Senior Vice President, Relationship Manager Team Lead; and Dadabhoy as First Vice President, Portfolio Manager. The team, with over 65 years of combined experience, will operate out of the Cerritos office, serving the greater Los Angeles region. Their arrival is expected to bolster the bank's relationship-based banking services, targeting middle-market businesses. The hiring aims to leverage their proven track record in growing banking relationships and revenues.

Positive

• Hiring of three experienced commercial lenders.
• Ayub Kathrada appointed as Executive Vice President, Regional Manager with 30+ years of experience.
• Dayana McAlister named Senior Vice President, Relationship Manager Team Lead with 10+ years of experience.
• Ayaz Dadabhoy appointed as First Vice President, Portfolio Manager with 25+ years of experience.
• Team to enhance relationship-based banking services for middle-market businesses in the Los Angeles area.

Negative

• None.

San Diego, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (“us,” “we,” “our,” or the “Bank”), the wholly owned subsidiary of Southern California Bancorp (Nasdaq: BCAL), announces it has hired a team of three seasoned commercial lenders. The team includes Ayub Kathrada, named Executive Vice President, Regional Manager; Dayana McAlister, named Senior Vice President, Relationship Manager Team Lead; and Ayaz Dadabhoy, named First Vice President, Portfolio Manager. The team will service the greater Los Angeles region out of the Bank’s Cerritos office and report to Executive Vice President Sam Kunianski.

“We are delighted to welcome the team of Ayub, Dayana and Ayaz to the Bank of Southern California,” said Sam Kunianski, Executive Vice President, Chief Banking Officer of Bank of Southern California. “The members of this team share our commitment to relationship banking by providing personal, high touch customer service to middle-market businesses. They have worked together for over 10 years and have a proven track record of establishing and growing banking relationships in the greater Los Angeles area. We are very pleased to have them aboard.”

“My team and I are very excited to join the Bank of Southern California,” said Ayub Kathrada, Executive Vice President, Regional Manager of Bank of Southern California. “We believe the Los Angeles-area market provides a wonderful opportunity for relationship-based banking and we look forward to contributing to the Bank’s growth.”

Ayub Kathrada, EVP, Regional Manager, brings more than 30 years of banking experience, focused on commercial and industrial lending, with demonstrated strong leadership in the training and mentoring of commercial banking teams, and a proven track record of growing revenues. He graduated from CSU, Fullerton, and has been active in his community, serving on the boards of Uplift Charity, Inner City Arts of Los Angeles, YMCA of Downey and the San Gabriel Valley Economic Partnership.

Dayana McAlister, SVP, Relationship Manager Team Lead, brings more than 10 years of banking experience and a proven history of sourcing credit and deposit relationships. She has demonstrated strong leadership abilities in recruiting, training and mentoring for all levels of commercial banking. She is a graduate of UC, Riverside and is currently finishing up her studies at the Pacific Coast Banking School.

Ayaz Dadabhoy, FVP, Portfolio Manager, brings more than 25 years of banking experience and a history of growing a middle-market loan portfolio through both existing and new relationships. He is a graduate of CSU, Fullerton.

ABOUT SOUTHERN CALIFORNIA BANCORP AND BANK OF SOUTHERN CALIFORNIA, N.A.

Southern California Bancorp (NASDAQ: BCAL) is a registered bank holding company headquartered in San Diego, California. Bank of Southern California, N.A., a national banking association chartered under the laws of the United States (the “Bank”) and regulated by the Office of Comptroller of the Currency, is a wholly owned subsidiary of Southern California Bancorp. Established in 2001 and headquartered in San Diego, California, the Bank offers a range of financial products and services to individuals, professionals, and small- to medium-sized businesses through its 13 branch offices serving Orange, Los Angeles, Riverside, San Diego, and Ventura counties, as well as the Inland Empire. The Bank's solutions-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. Additional information is available at www.banksocal.com.

INVESTOR RELATIONS CONTACT

Kevin Mc Cabe
Bank of Southern California
kmccabe@banksocal.com
818.637.7065

FAQ

Who are the new hires at Bank of Southern California?

The Bank of Southern California has hired Ayub Kathrada, Dayana McAlister, and Ayaz Dadabhoy as part of their commercial lending team.

What positions were filled in the latest hiring at Bank of Southern California?

Ayub Kathrada was appointed as Executive Vice President, Regional Manager; Dayana McAlister as Senior Vice President, Relationship Manager Team Lead; and Ayaz Dadabhoy as First Vice President, Portfolio Manager.

When did Bank of Southern California announce the hiring of new commercial lenders?

The Bank of Southern California announced the hiring on July 08, 2024.

What impact does the new hiring have on BCAL stock?

The hiring of experienced commercial lenders is expected to positively impact BCAL stock by enhancing relationship-based banking services and growing revenues.

What experience do the new hires bring to Bank of Southern California?

The new hires bring over 65 years of combined banking experience, including expertise in commercial and industrial lending, relationship management, and portfolio management.