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Bank of Southern California Appoints Nicole Swain President of Private Banking
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Bank of Southern California (OTC Pink: BCAL) has appointed Nicole Swain as Executive Vice President and President of Private Banking. Swain, with over 30 years of experience, previously served as Chief Banking Officer at First Choice Bank, where she helped grow assets from approximately $380 million to over $2 billion. Her role will focus on developing high net worth banking relationships and leading the new Private Banking Group. This strategic appointment aims to enhance the bank's presence and service offerings across Southern California.
Positive
Nicole Swain's appointment brings over 30 years of industry experience.
Swain previously led significant asset growth at First Choice Bank, indicating potential for similar success at BCAL.
The establishment of a Private Banking Group is expected to attract high net worth clients.
Negative
Potential concerns regarding continuity and experience gaps during leadership changes.
SAN DIEGO--(BUSINESS WIRE)--
Bank of Southern California, N.A. (OTC Pink: BCAL), a commercial bank headquartered in San Diego, today announced the appointment of Nicole Swain as Executive Vice President, President of Private Banking. In this new role, she will serve as a member of the executive team, providing leadership and oversight of the newly formed Private Banking Group. Ms. Swain will be responsible for attracting significant high net worth banking relationships, while delivering personalized banking services and custom-tailored financial solutions.
“We are very excited to welcome Nicole to our team at Bank of Southern California,” said David Rainer, Chairman, President and Chief Executive Officer of Southern California Bancorp and Bank of Southern California. “Nicole sets the bar for relationship banking, with an unmatched reputation for quickly assessing her clients’ needs and providing them with timely and appropriate solutions. Nicole’s leadership, energy and drive were instrumental in driving loan and deposit growth at First Choice Bank, and we are very pleased to have her join us as we continue expanding our presence throughout Southern California. Nicole is an experienced banker and proven leader, and we are confident she will grow our Private Banking client base, providing clients with a personalized banking experience and an unparalleled level of customer service.”
Ms. Swain is a well-respected and accomplished senior executive-level banking professional with more than 30 years of experience in the banking industry. Prior to joining Bank of Southern California, Ms. Swain was the Executive Vice President and Chief Banking Officer of First Choice Bank where she played a pivotal role in growing First Choice from approximately $380 million in assets to over $2.0 billion in assets during her nearly eight-year tenure as a key member of the senior executive leadership team. Prior to that, Ms. Swain was the Senior Vice President, Private Banking Manager at Beach Business Bank and an executive officer at Bay Cities National Bank, where she was instrumental in growing their loan and deposit portfolio and managing high-profile clients. For over a decade prior to that, Ms. Swain was one of the leading managers at Wells Fargo, managing a team of prolific bankers in the West Los Angeles region.
Ms. Swain has been named one of the Most Influential Bankers in Los Angeles and one of the Most Influential Women in Banking by the Los Angeles Business Journal.
About Bank of Southern California
A growing commercial bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank’s solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates branches in San Diego County, Los Angeles County, Ventura County, Orange County, San Bernardino County, and Riverside County. For more information, please visit banksocal.com or call 844.BNK.SOCAL.
Who is Nicole Swain and what is her role at Bank of Southern California?
Nicole Swain is the newly appointed Executive Vice President and President of Private Banking at Bank of Southern California, overseeing the new Private Banking Group.
What experience does Nicole Swain bring to BCAL?
Nicole Swain has over 30 years of banking experience, previously serving as Chief Banking Officer at First Choice Bank.
How will Nicole Swain's appointment impact Bank of Southern California?
Her appointment is expected to enhance the bank's ability to attract high net worth clients and improve service offerings.
What previous achievements does Nicole Swain have in the banking industry?
Swain played a crucial role in expanding First Choice Bank's assets from approximately $380 million to over $2 billion.
