California BanCorp Appoints Julie Levenson to Board of Directors

Rhea-AI Summary

California BanCorp (Nasdaq: CALB) announced the appointment of Julie J. Levenson to its Board of Directors. A seasoned investment banker, Levenson is a founding partner of La Honda Advisors and has held senior positions at notable firms such as Cowen and Company and Merrill Lynch. Her expertise in technology and capital markets is expected to support the bank's expansion in Northern California. Chairman Stephen Cortese expressed confidence in Levenson's experience benefiting the bank's strategic growth.

Positive

• Julie's extensive background in M&A and capital markets is anticipated to enhance strategic decision-making.
• Her appointment is expected to strengthen the board's expertise, particularly in technology sectors.
• Levenson's experience may help California BanCorp expand its presence and services in Northern California.

Negative

• None.

OAKLAND, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) -- California BanCorp (the “Company”) (Nasdaq: CALB), the parent company of California Bank of Commerce (the “Bank”), today announced that Julie J. Levenson has been appointed to the Board of Directors of the Company and the Bank.

Levenson is a career investment banker and financial adviser. She is a founding partner of La Honda Advisors, a Silicon Valley-based boutique advisory firm that provides M&A and capital markets advice to companies in the technology, consumer and health-tech industries. Previously, she served as a managing director of several investment banking firms, including Cowen and Company, Houlihan Lokey, Bear Stearns & Co. and Merrill Lynch.

“We are pleased to have Julie join us,” said Stephen Cortese, Chairman of the Board of Directors. “As the bank expands its presence throughout Northern California, her familiarity with technology companies and capital markets experience will be tremendously beneficial.”

“It is a privilege to be working alongside the bank’s esteemed executive team and my fellow board members,” said Julie Levenson. “I look forward to leveraging my financial services and advisory background within the board.”

About California BanCorp

California BanCorp, the parent company for California Bank of Commerce, offers a broad range of commercial banking services to closely held businesses and professionals located throughout Northern California. The Company’s common stock trades on the Nasdaq Global Select marketplace under the symbol CALB. For more information on California BanCorp, call us at (510) 457-3751, or visit us at www.californiabankofcommerce.com.

California BanCorp

Steven E. Shelton, (510) 457-3751
President and Chief Executive Officer
seshelton@bankcbc.com

Thomas A. Sa, (510) 457-3775
Senior Executive Vice President
Chief Financial Officer and
Chief Operating Officer
tsa@bankcbc.com

FAQ

Who is Julie J. Levenson and what is her role at California BanCorp?

Julie J. Levenson has been appointed to the Board of Directors at California BanCorp, bringing her investment banking and financial advisory expertise.

What experience does Julie J. Levenson have?

Levenson is a founding partner of La Honda Advisors and has served in senior roles at several major investment banks, including Merrill Lynch.

What impact might Levenson's appointment have on California BanCorp?

Her extensive knowledge in technology and capital markets could enhance the bank's strategic growth and expansion efforts in Northern California.

When was Julie J. Levenson appointed to the Board of California BanCorp?

Julie J. Levenson was appointed on February 8, 2021.