Private Bancorp of America, and CalPrivate Bank (“Bank”) announced the appointment of Kathy Moe Lonowski to the board of its subsidiary, CalPrivate Bank.
Ms. Lonowski brings a wealth of experience from her distinguished career in financial services, regulatory compliance, risk management, and governance, making her an invaluable asset to the Bank’s strategic leadership.
Ms. Lonowski is an accomplished financial industry leader with deep expertise in regulatory compliance, operational risk, digital banking, payment services, commercial real estate, information technology, and anti-money laundering. She has spent much of her career in senior executive roles, including more than a decade as Regional Director for the Federal Deposit Insurance Corporation (FDIC) San Francisco Region, where she oversaw supervision of over 350 financial institutions with nearly $1 trillion in assets under management.
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When asked about the opportunity to join the Board, Ms. Lonowski said, “I am honored to join the Board of Directors at CalPrivate Bank, where the commitment to its Clients and Communities reflects the highest standard of banking. CalPrivate Bank demonstrates how banking can be both personal and powerful, and I look forward to contributing to its vision of personalized service with long-term growth.”
“Kathy is an exciting addition to our Board,” said Rick Sowers, President & CEO of the Bank. “In our years of interacting with each other, she has consistently demonstrated her skills as an insightful and balanced leader. Clearly Kathy’s industry knowledge, regulatory and risk management experience, and technology expertise will enhance our Board and bring tremendous value to the Company.”
Chairman Isakow added, “We are delighted to welcome Kathy Lonowski to the CalPrivate Bank Board. Kathy brings exceptional experience from her career as a top executive at the FDIC and her leadership roles on several highly respected financial and nonprofit boards. Her deep expertise in risk mitigation, financial analysis, change management, and strategic governance will be an invaluable addition to our high performing Bank as we expand our digital systems, introduce new technologies and enter new markets to benefit our Clients, Communities, and Shareholders.”
The Company’s recent additions to the Board illustrate a continued commitment to working with strategic leaders in the communities and industries we serve.
