California BanCorp in San Diego didn’t have to look far to find its next CEO.
The company said in a press release that David Rainer, its chairman, had succeeded Steven Shelton, who retired on Dec. 31.
“On behalf of our board … and all of us at the bank, I want to thank Steve for all he has done to help grow and develop California Bank of Commerce into a premier, statewide relationship-based banking franchise,” Rainer said in the release. “His efforts were critical in ensuring the success of our 2024 merger and we wish him and his family all the best in his retirement.”