California Bancorp BCAL

David I. Rainer, the Chairman of the Board and Executive Chairman of the Company and the Bank, was appointed to the additional position of Chief Executive Officer of the Company and the Bank, effective as of January 1, 2026. Mr. Rainer is the Chairman of the Board and Executive Chairman for California BanCorp (Nasdaq: BCAL) and California Bank of Commerce, N.A. Prior to the merger with California BanCorp (Nasdaq: CALB) and California Bank of Commerce, Mr. Rainer served as the Chairman and Chief Executive Officer of Southern California Bancorp and Bank of Southern California, N.A since September 2022. He previously served as the Executive Chairman from November 2020 and the Executive Chairman, President, and Chief Executive Officer from July 2021 to April 2022. A proven leader in growing community banks, Mr. Rainer served as a Founder, Chairman and Chief Executive Officer of CU Bancorp (Nasdaq: CUNB) and its wholly owned subsidiary California United Bank (2005-2017). Prior to that, he spent three years as Executive Vice President of Commercial Banking for the Western US at US Bank (NYSE: USB) (2001-2004). Mr. Rainer served two three-year terms on the Board of Directors of the Federal Reserve Bank of San Francisco, Los Angeles Branch (2011-2016). He is a member of the Price Board of Councilors at the USC Price School of Public Policy and former Director of InBank (2019-2020). He was recognized as an Ernst & Young Regional Entrepreneur of the Year winner in 2008. Involved in the community, Mr. Rainer previously served on the board of directors for the Boys and Girls Club of the West Valley, Inner City Arts, Junior Achievement, and the LA Urban League. Mr. Rainer received his bachelor's degree from California State University, Northridge, and his Master of Business Administration from the University of Southern California. Mr. Rainer's extensive experience as an executive managing banks and bank holding companies and his proficiency in corporate strategy make him a valuable member of the Board.

Mr. Dolan has served as Chief Financial Officer of California BanCorp (Nasdaq: BCAL) and Chief Strategy Officer of California Bank of Commerce, N.A. since 2020. He was appointed Chief Operating Officer in September 2022 and brings over 40 years of experience in strategic and operational leadership at growth-oriented financial institutions. Before joining the executive team of Bank of Southern California, Mr. Dolan held the position of EVP and Chief Financial Officer at Los Alamos National Bank (2017-2020) and served as EVP and Chief Operating Officer at Anchor Bancorp Wisconsin Inc., and its successor Old National Bank (2011-2016). Mr. Dolan received his bachelor's degree in economics from Loyola University of Chicago and his MBA with a concentration in finance from the University of Chicago.

Mr. Hernandez has served as President of California BanCorp (Nasdaq: BCAL) and California Bank of Commerce, N.A. since 2022 and brings over 25 years of industry experience to the California market. He previously served as the Chief Banking Officer from 2020-2022. Mr. Hernandez' experience includes tenure as an EVP for Pacific Western Bank (formerly California United Bank (Nasdaq: CUNB)), overseeing commercial banking in Los Angeles County and Ventura County (2005-2020). Prior to that, he served as Vice President Commercial Banking for US Bank (1999-2003). Active in the community, he has previously served on various community boards most recently for Casa Pacifica, a non-profit organization assisting adolescents and families that are victims of abuse (2011-2017; 2021-2025). He currently serves on the board of California Bankers Association and CA Providence Tarzana Foundation Board. Mr. Hernandez received his bachelor's degree in international finance from California Lutheran University.

Ms. Williams is an accomplished credit risk professional with over 35 years of industry experience. Most recently and until her retirement, she served as Executive Vice President and Chief Credit Officer of Bank of Southern California (2020-2023). Previously, she was with California United Bank (Nasdaq: CUNB) where she served as EVP, Chief Credit Officer (2004-2017) and Chief Operating Officer (2008-2017) and was a bank director (2009-2014). Prior to that, Ms. Williams served as SVP Manager for US Bank's Commercial Banking Market for the State of California (1999-2004) and was previously the EVP and Chief Credit Officer at California United Bank and its successor, Pacific Century Bank (1992-1999). Ms. Williams has been a director of the Company and the Bank since 2023. Ms. Williams' extensive experience in developing and growing commercial banking platforms makes her a valuable member of the Board. Active in the community, Ms. Williams previously served on the board of the Valley Economic Development Center, Inc. and is a former board member of the Los Angeles Local Development Corporation, the California Economic Development Lending Initiative, and the Park Advisory Board for the Pan Pacific Recreation Complex. Ms. Williams received her bachelor's degree from Mount Holyoke College.

Ms. Klein served as Vice President in the Fixed Income Currency and Commodities Division at Goldman Sachs, in New York, Los Angeles and San Francisco, from 1987 to 2002. She continues to privately invest and consult and was most recently an Advisory Business Development Director for Ocean Gate Capital Management, L.P., in San Francisco and Boston, from 2006 to 2009. Ms. Klein was a founding member and director of California BanCorp (Nasdaq: CALB) and California Bank of Commerce and served on the board from 2007 until the merger with Southern California Bancorp (Nasdaq: BCAL) and Bank of Southern California, N.A. in July 2024. Ms. Klein has served on the Board since the merger, and chairs the Audit and Risk Committee of the Company and Bank. She is one of the Company's Board-designated audit committee financial experts. Ms. Klein offers the Board a profound understanding of finance, financial markets, risk management, regulatory requirements, and business development, drawn from over 35 years of experience in both investment and community banking. Her distinguished career includes serving as a senior executive at a leading global investment bank and as a founding Director of a community bank which has successfully completed two mergers. Ms. Klein strives to give back to her community using her financial and development expertise in chairing and serving on numerous philanthropic and higher education boards and foundations. Ms. Klein has a Bachelor of Arts degree with honors and distinction in Economics from Stanford University and a Master's in Business Administration and a Juris Doctor degree from University of California, Los Angeles.

Mr. Cullen is the Chief Financial Officer and co-owner of Olson & Company Steel, Inc., a construction company, a position he has held since 2013. He is also a director of Steel Bar Fresno and California Steel Captive. He previously served as Chief Financial Officer of Guarantee Glass, Inc., a subcontractor, from 2008 to 2012, and as Chief Financial Officer and a co-owner of MDC Vacuum, a manufacturing company, from 1998 to 2008. Mr. Cullen was a founding member and director of California BanCorp (Nasdaq: CALB) and California Bank of Commerce and served on the board from 2007 until the merger with Southern California Bancorp (Nasdaq: BCAL) and Bank of Southern California, N.A. in July 2024. He has served on the Board since the merger, and chairs the Compensation, Nominating and Governance Committee of the Company and Bank. He is one of the Company's Board-designated audit committee financial experts. Mr. Cullen's business experience, including as the owner of and Chief Financial Officer for construction and manufacturing companies, enables him to bring valuable insights to the Board regarding these small to medium sized businesses. Mr. Cullen earned his Bachelor's degree in Liberal Arts with an emphasis on English from University of the Pacific.

Mr. Cortese is the Managing Partner for Cortese Investment Company, an investment firm focused on the acquisition, development, and management of commercial real estate since 1987. Additionally, Mr. Cortese is the general partner of Cortese Real Property, LP, a commercial real estate development firm with holdings in Northern California, since 2003. Mr. Cortese was a founding member and director of California BanCorp (Nasdaq: CALB) and California Bank of Commerce, serving as Chairman of the Board from 2010 until the merger with Southern California Bancorp (Nasdaq: BCAL) and Bank of Southern California, N.A. in July 2024. He has served as the Lead Independent Director of the Company and Bank since the merger. Mr. Cortese has significant experience in real estate management, investment and construction, particularly in the greater San Francisco Bay Area, enabling him to bring valuable insights regarding these matters to the Board. Mr. Cortese earned his Bachelor of Business Administration with an emphasis in Finance from the University of California, Berkeley and his Master of Science in Real Estate Appraisal and Investment Analysis from the University of Wisconsin, Madison.

Mr. Armanino was the Managing Partner and Chief Executive Officer of Armanino LLP, a public accounting firm, from 2005 to 2018, at which time he retired and is no longer affiliated with the firm. During his tenure, he successfully led the firm to become the 21st largest CPA and consulting firm in the United States. He has served as a board member of Moore Global since 2019 and currently serves as Chairman of the Board of Moore Global International, an accounting and business advisory network of independent accounting firms. He has also been a board member of Good.Lab, an ESG software company, since 2022. Additionally, Mr. Armanino serves on the board of the Armanino Foundation, a community service organization, is a member of the American Institute of CPAs Council, and serves on the board of Mary's Meals, a global charity dedicated to providing meals to children in some of the world's most impoverished communities. Mr. Armanino was a founding member of California BanCorp (Nasdaq: CALB) and California Bank of Commerce, and served on the board from 2013 until the merger with Southern California Bancorp (Nasdaq: BCAL) and Bank of Southern California, N.A. in July 2024.

Dr. Machado practiced Oral and Maxillofacial Surgery in San Diego for over 30 years from 1990-2021. Dr. Machado also served as Chairman of the Division of Maxillofacial Surgery at both Rady Children's Hospital (2005-2020) and Scripps Mercy Hospital (2000-2021) and is a Fellow of the Royal College of Surgeons of Edinburgh. He is the owner of Lester Machado Fine Art (2018-present) and a partner in Gribardo Vineyards (2017-present), farming wine grapes in Northern California. Dr. Machado currently serves as a Trustee of the San Diego Museum of Art and previously served as Director for the San Diego Dental Society, San Diego Dental Foundation, Coming Together Foundation, and the Climate Action Campaign. Dr. Lester Machado is a founding director of the Company and the Bank and has been serving on the Board since 2001. Dr. Machado's extensive operational and business experience, as well as his passion for diversity and equality, make him a valuable contributor to the Board. He received his bachelor's degree from the University of California, Davis; his DDS degree from University of the Pacific; and his MD degree from Hahnemann University.

Mr. Volk is a principal at Castle Creek Capital, an alternative asset management firm focused on the community banking industry and located in San Diego, California. He started with Castle Creek Capital Partners VI LP in 2005, having led or supported investments in numerous recapitalization, distressed, and growth situations. Prior to joining the firm, he worked as an associate with TW Associates Capital, Inc. and Ernst & Young. Mr. Volk currently serves as a director of Spend Life Wisely Co./First United Bank & Trust Co. (2023) in Oklahoma and Texas, and Bridgewater Bancshares/Bridgewater Bank (2017) in Minnesota. He previously served as a director of InBankshares Corp/Inbank (2022-2023) and Bank of Idaho/Bank of Idaho Holding Company (2019-2025). David Volk is a director of the Company and the Bank, joining the board in 2017. Mr. Volk's extensive experience in investment, transactional and financial analysis within the community banking industry and his service on multiple bank boards enables him to be a significant contributor to the Board. Mr. Volk received his bachelor's degree from Santa Clara University and his master's degree from the University of Virginia.

Mr. Muller is the owner of M Three Ranches, LLC in Woodland, California, a farming and farming consulting business, since January 2020. He was previously the co-owner, President and Chief Financial Officer of Muller Ranch, LLC, a farming and farming consulting business, from 1979 to December 2019. Mr. Muller has served on the board of directors for Pacific Coast Producer, an agricultural canning and packaging cooperative, since 1990, including as chairman for the past 15 years. He previously served on the board of directors for the California Department of Food and Agriculture during 2018 and 2019 and, previously, the board of directors of the Federal Crop Insurance Corporation. Mr. Muller's familiarity with the Northern Central Valley region of California and the agricultural industry bring valuable insights to our Board. Mr. Muller has been serving as a member of the board of California BanCorp (Nasdaq: CALB) and California Bank of Commerce since 2020. Following the 2024 merger with Southern California Bancorp (Nasdaq: BCAL) and Bank of Southern California, N.A., he remains an active board member. He is an active community volunteer with the Yolo County 4-H and Yolo Arts. Mr. Muller has a Bachelor of Science in Agriculture and Managerial Economics from U.C. Davis.

Mr. Di Tomaso has spent over 40 years in banking. He was a founding member of Bank of Santa Clarita and served as its Vice Chairman (2004-2009), Chairman (2009-2021), Executive Vice President (2004-2011), and CEO (2012-2021). Prior to the founding of Bank of Santa Clarita, he held the positions of Senior Vice President and Business Development Officer at City National Bank (1997-2004) and Senior Vice President and Commercial Loan Team Leader (1996-1997). Before joining City National Bank, Mr. Di Tomaso was employed at Metrobank until it was acquired by Comerica Bank and served as the Senior Vice President and Manager of the Asset Based Loan Division of Metrobank (1990-1996). Mr. Di Tomaso currently serves as a director of the Company and Bank and has been with the Company since 2021. Mr. Di Tomaso's extensive experience as an executive and director of banking and financial institutions, as well as his knowledge and leadership capabilities, make him a valuable member of the Board. Mr. Di Tomaso earned his Bachelor of Science degree in Accounting from California State University, Fresno.

Mr. Nutz has served as the EVP, Chief Credit Officer of California Bank of Commerce, N.A. since 2023, and brings over 30 years of experience in credit. He previously served as EVP, Credit Administrator from 2022-2023. Most recently, he was Chief Credit Officer of Suncrest Bank. Prior to that, he spent 13 years with Rabobank in the US and overseas in several executive positions such as EVP for Restructuring & Recovery for Bank Gospodarki Zywnosciowej (now BNP Paribas) in Poland and as Senior Credit Officer for Rabobank's US-wide Rural & Retail Division. He also served as Director of Finance for the Offutt Companies, one of the US's largest vertically integrated agribusinesses headquartered in Fargo, ND. Originally from Germany, Mr. Nutz holds a Master's degree in Probability Theory & Combinatorics from the University of Minnesota and a master's in Mathematics & Economics from the Universitat Ulm, Germany.

Ms. Yeung has served as Principal Accounting Officer of California BanCorp (Nasdaq: BCAL) and the Chief Accounting Officer of California Bank of Commerce, N.A. since 2024 and brings over 30 years of experience in financial reporting and technical accounting as well as managing various corporate accounting functions. Ms. Yeung previously served as the Senior Vice President and Principal Accounting Officer of Southern California Bancorp. She was appointed as the Bank's Chief Accounting Officer in 2022. Previously, she served as SVP and Director of Financial Reporting (2020-2021) and FVP and Finance Manager (2016-2020) for First Choice Bank and its successor, Enterprise Bank and Trust. Ms. Yeung received her bachelor's degree in Accounting from the University of Southern California.

Mr. Liska has served as EVP and Chief Risk Officer of California Bank of Commerce, N.A. since 2020 and brings over 30 years of experience in risk management. Mr. Liska is responsible for all risk management strategies and operations, as well as supervising the Bank's risk mitigation and identification procedures. Previously, he served as Chief Risk Officer for Preferred Bank (2017-2020) (Nasdaq: PFCB). Prior to that, he served as SVP and BSA Officer for California United Bank (2016-2017) (Nasdaq: CUNB); VP and BSA/AML Officer for State Bank of India, California (2013-2016); AML Director for Las Vegas Sands Corporation (2012-2013) (NYSE: LVS); and VP, Operations and Compliance Risk Manager for City National Bank (2005-2012). Mr. Liska served in multiple positions, including as a bank examiner, for the Federal Reserve Bank (1991-2005). Active in the community, Mr. Liska served as an Executive Board Member, Secretary and founding member of the U.S.A. Southern California Chapter of the Association of Anti-Money Laundering Specialists (ACAMS) (2011-2018). He received his bachelor's degree in Organizational Management from the University of La Verne and is a United States Army veteran.

Ms. Carandang has served as EVP and Chief Financial Officer of California Bank of Commerce, N.A. since 2022 and brings over 30 years of experience in financial leadership roles. Ms. Carandang leads the Bank's financial planning and analysis, accounting, treasury, and capital management teams. Previously, she was the Chief Financial Officer at Suncrest Bank (2016-2022). Prior to that, she was the Chief Financial Officer of Simplicity Bank (2008-2015). Ms. Carandang is a Certified Public Accountant. She received her bachelor's degree in Accounting from California State University, Los Angeles.

Ms. Wirfel is the Chief Operating Officer of California BanCorp (Nasdaq: BCAL) and California Bank of Commerce, N.A. since September 2024, previously serving as Chief Administrative Officer for the Bank from August 2024 through September 2024 and brings over 30 years of experience in credit, relationship management, organizational process, and administration. Prior to the merger with Southern California Bancorp and Bank of Southern California, N.A., Ms. Wirfel spent 17 years in various roles with California Bank of Commerce, commencing in 2007 as Senior Vice President, Relationship Manager and culminating as Chief Banking Officer from 2018 through July 2024. Prior to that, Ms. Wirfel served as Senior Vice President and Regional Manager for CivicBank of Commerce (1992-2003). Ms. Wirfel received her bachelor's degree in business administration and finance from California State University, Chico.

Ms. Merchant has served as EVP, Chief Legal Officer and Corporate Secretary for California BanCorp (Nasdaq: BCAL) and California Bank of Commerce, N.A. since 2022 and brings over 25 years of in-house banking expertise. Ms. Merchant is responsible for the legal affairs and corporate governance of the Company and providing legal advice to our Board, Chairman and Chief Executive Officer and senior management. Previously, she served as EVP, Deputy General Counsel for Banc of California, N.A. (2016-2022) (NYSE: BANC) after serving as SVP, Associate General Counsel (2014-2016). Prior to that, Ms. Merchant served as VP, Senior Counsel II for Union Bank (2009-2014); FVP, Senior Counsel for Washington Mutual and its successor, JPMorgan Chase (2007-2009); and Legal Counsel for Western Financial Bank and its successor, Wachovia Bank (2002-2007). Active in the community, Ms. Merchant previously served as a member of the board of directors of Asian Americans Advancing Justice - LA (2009-2020). She received her bachelor's degree in Criminology, Law, and Society from the University of California, Irvine, and both her Juris Doctorate and master's in Business Administration degrees from the University of Connecticut. She is licensed to practice law in California.