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CBB Bancorp (OTCQX: CBBI), parent company of Commonwealth Business Bank, has appointed James R. Walther to its Board of Directors, effective August 1, 2024. Walther, with over 45 years of experience in banking, financial services, corporate governance, and mergers & acquisitions, previously served as Senior Counsel at Arnold & Porter Kaye Scholer LLP. He was recognized in Best Lawyers for Corporate Law, M&A Law, and Securities/Capital Markets Law from 2006 to 2023. Soon Han Pak, Chair of both CBB Bancorp and Commonwealth Business Bank, expressed enthusiasm about Walther’s appointment, highlighting his legal and financial expertise as valuable assets for the bank’s growth and expansion plans.
CBB Bancorp (OTCQX: CBBI), la società madre della Commonwealth Business Bank, ha nominato James R. Walther nel suo Consiglio di Amministrazione, con effetto dal 1 agosto 2024. Walther, con oltre 45 anni di esperienza nel settore bancario, servizi finanziari, governance aziendale e fusioni e acquisizioni, ha precedentemente ricoperto il ruolo di Senior Counsel presso Arnold & Porter Kaye Scholer LLP. È stato riconosciuto tra i migliori avvocati nel campo del Diritto Societario, Diritto delle Fusioni e Acquisizioni e Diritto dei Titoli/Mercati di Capitali dal 2006 al 2023. Soon Han Pak, Presidente sia di CBB Bancorp che della Commonwealth Business Bank, ha espresso entusiasmo per la nomina di Walther, sottolineando la sua competenza legale e finanziaria come preziosi asset per la crescita e i piani di espansione della banca.
CBB Bancorp (OTCQX: CBBI), la empresa matriz de Commonwealth Business Bank, ha designado a James R. Walther en su Junta Directiva, con efecto a partir del 1 de agosto de 2024. Walther, con más de 45 años de experiencia en banca, servicios financieros, gobernanza corporativa y fusiones y adquisiciones, se desempeñó anteriormente como Consejero Senior en Arnold & Porter Kaye Scholer LLP. Fue reconocido en Best Lawyers en las áreas de Derecho Corporativo, Derecho de Fusiones y Adquisiciones, y Derecho de Valores/Mercados de Capitales desde 2006 hasta 2023. Soon Han Pak, Presidente tanto de CBB Bancorp como de Commonwealth Business Bank, expresó entusiasmo por la designación de Walther, destacando su experiencia legal y financiera como activos valiosos para el crecimiento y los planes de expansión del banco.
CBB Bancorp (OTCQX: CBBI), 커먼웰스 비즈니스 뱅크의 모회사,가 제임스 R. 월서를 이사회의 일원으로 임명했습니다, 2024년 8월 1일부터 효력이 발생합니다. 월서는 45년 이상의 경력을 보유한 은행업, 금융 서비스, 기업 지배구조 및 인수합병 분야의 전문가로, 이전에는 아놀드 & 포터 케이 쇼레 LLP의 선임 고문으로 활동했습니다. 그는 2006년부터 2023년까지 기업법, 인수합병법 및 증권/자본시장법 부문에서 최고의 변호사로 인정받았습니다. CBB Bancorp와 커먼웰스 비즈니스 뱅크의 의장인 순한박은 월서의 임명에 대한 기대감을 표명하며, 그의 법률 및 금융 전문성이 은행의 성장과 확장 계획에 귀중한 자산으로 작용할 것이라고 강조했습니다.
CBB Bancorp (OTCQX: CBBI), la société mère de la Commonwealth Business Bank, a nommé James R. Walther au sein de son Conseil d’Administration, avec effet au 1er août 2024. Walther, avec plus de 45 ans d’expérience dans le secteur bancaire, les services financiers, la gouvernance d’entreprise et les fusions et acquisitions, a précédemment exercé en tant que Conseiller Senior chez Arnold & Porter Kaye Scholer LLP. Il a été reconnu parmi les meilleurs avocats dans les domaines du Droit des Sociétés, du Droit des Fusions et Acquisitions, et du Droit des Valeurs Mobilières/Marchés de Capitaux de 2006 à 2023. Soon Han Pak, Président de CBB Bancorp et de la Commonwealth Business Bank, a exprimé son enthousiasme quant à la nomination de Walther, soulignant que sa compétence légale et financière constitue des atouts précieux pour la croissance et les plans d’expansion de la banque.
CBB Bancorp (OTCQX: CBBI), die Muttergesellschaft der Commonwealth Business Bank, hat James R. Walther in seinen Vorstand berufen, mit Wirkung zum 1. August 2024. Walther bringt über 45 Jahre Erfahrung in den Bereichen Banken, Finanzdienstleistungen, Unternehmensführung sowie Fusionen und Übernahmen mit und war zuvor Senior Counsel bei Arnold & Porter Kaye Scholer LLP. Er wurde von 2006 bis 2023 in Best Lawyers für Unternehmensrecht, M&A-Recht sowie Wertpapierrecht/Kapitalmarktrecht ausgezeichnet. Soon Han Pak, Vorsitzender von sowohl CBB Bancorp als auch Commonwealth Business Bank, äußerte seine Begeisterung über Walters Berufung und hob seine rechtlichen und finanziellen Expertise als wertvolle Vermögenswerte für das Wachstum und die Expansionspläne der Bank hervor.
Positive
- Appointment of James R. Walther, an experienced professional, to the Board of Directors
- Walther brings over 45 years of expertise in banking, financial services, and corporate governance
- Recognition in Best Lawyers for multiple areas of law from 2006 to 2023
LOS ANGELES–(BUSINESS WIRE)– CBB Bancorp, Inc. (the “Company”) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced that James R. Walther has been appointed to its Board of Directors, as well as to the Board of the Company’s subsidiary bank. The appointment to each of the Boards is effective August 1, 2024.
Mr. Walther has over 45 years of experience with expertise in banking and financial services, corporate governance, corporate finance/securities, mergers and acquisitions, among others. He has served as Senior Counsel of Arnold & Porter Kaye Scholer LLP until his retirement at the end of 2023. He was recognized as Best Lawyers in Corporate Law, Mergers & Acquisition Law, and Securities/Capital Markets Law from 2006 through 2023. He graduated from Stanford University in 1967 and received his J.D. degree from UCLA in 1972.
“We are excited to have Mr. Walther join our board,” said Soon Han Pak, Chair of both the Company and the Bank. “His legal, financial institution regulation, risk management and financial services expertise will be an invaluable asset as the Bank continues its growth and expansion.”
ABOUT CBB Bancorp, Inc.
CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to medium-sized businesses and does business as “CBB Bank.” The Bank has eleven full-service branches in Los Angeles and Orange Counties in California, Dallas County in Texas and Honolulu, Hawaii; two SBA regional offices in Los Angeles and Dallas counties; and three loan production offices in the states of Georgia and Washington.
For additional information, please go to www.cbb-bank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240802423355/en/
Richard Koh
SVP & CFO
(323) 988-3037
Source: CBB Bancorp, Inc.
FAQ
When will James R. Walther join CBB Bancorp’s Board of Directors?
James R. Walther will join CBB Bancorp’s Board of Directors effective August 1, 2024.
What is James R. Walther’s background and expertise?
James R. Walther has over 45 years of experience in banking, financial services, corporate governance, corporate finance/securities, and mergers & acquisitions. He previously served as Senior Counsel at Arnold & Porter Kaye Scholer LLP.
How might James R. Walther’s appointment benefit CBB Bancorp (CBBI)?
James R. Walther’s legal, financial institution regulation, risk management, and financial services expertise are expected to be valuable assets for CBB Bancorp’s growth and expansion plans.
What professional recognitions has James R. Walther received?
James R. Walther was recognized in Best Lawyers for Corporate Law, Mergers & Acquisition Law, and Securities/Capital Markets Law from 2006 through 2023.
