Western Commercial Bank Announces New Employee -- Robert W. Kagy -- Senior Vice President
12 June 2009 - 7:45AM
Marketwired
Western Commercial Bank (OTCBB: WCBH), located at 21550 Oxnard
Street, Suite 100, Woodland Hills, California, announced the hiring
of Robert W. Kagy as Senior Vice President, Regional Manager.
Bob has an extensive background in business banking in the San
Fernando Valley working with small to medium size businesses
throughout the area since 1979, having been most recently with
First Private Bank & Trust and Encino State Bank. He has a
multifaceted expertise in commercial lending and is adept in all
phases of business financing and commercial real estate.
Mr. Kagy is well-known to many businesses in the Valley having
lived here for over 30 years. He has served in numerous capacities
as a senior officer of banking institutions including being the
founding CEO of American West Bank which was sold to U.S. Bank in
1996. Bob has been a member of the North Valley Regional Chamber of
Commerce, the Encino Chamber of Commerce and Porter Valley Country
Club for many years. He has a Bachelor of Science Degree in Finance
from USC and a graduate banking degree from Pacific Coast Banking
School at the University of Washington. Bob is married and lives in
Porter Ranch.
Carl W. Raggio, President and CEO, commented, "I am very pleased
to have Bob join our management staff. He has over 30 years of
middle market deposit and lending experience and knows our market
very well. Bob is a respected community member and we think an
excellent addition to our team."
Forward-looking statements, by their nature, are subject to
risks and uncertainties. The statements contained in this release
that are not historical facts are forward-looking statements based
on management's current expectations and beliefs concerning future
developments and their potential effects on the Company. Readers
are cautioned not to unduly rely on forward-looking statements.
Actual results may differ from those projected. Forward-looking
statements speak only as of the date they were made. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect subsequent events or circumstances that may
occur after the date that forward-looking statements are made.
The Bank offers a comprehensive selection of business deposit
and loan products, cash management services as well as
SBA-guaranteed loans. The Bank is not involved in any of the
sub-prime products.
The Bank provides financial services to small and mid-sized
businesses, entrepreneurs and professionals in the San Fernando
Valley, with special expertise in commercial real estate
finance.
Regular office hours are Monday through Friday, 9:00 a.m. until
4:00 p.m.
Information on the Bank's services is available by calling (818)
449-7700 and online at www.westerncommercialbank.com. Information
on the Bank's stock may be obtained from Carl W. Raggio, III,
President and Chief Executive Officer, at (818) 449-7700. The stock
trades on the OTC Bulletin Board.
Contact: Carl Raggio President & Chief Executive Officer
(818) 449-7711
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