TORREY PINES BANK ANNOUNCES NEW HIRES, PROMOTIONS
-- Leading commercial bank continues to grow with new executives hired in credit administration and customer relations in San Diego and Los Angeles --
San Diego, Calif. - July 31, 2012 - Torrey Pines Bank, a leading commercial bank in California and an affiliate of Western Alliance Bancorporation, is announcing the promotion of several key executives in its San Diego and Los Angeles offices. The bank is announcing that in San Diego: Brenda Busher was hired as vice president, relationship manager in the bank's Carmel Valley office. Andres Melgar has been hired as vice president, loan officer in the bank's Symphony Towers office. Christopher Meinhardt has been hired as a loan officer for the bank's Carmel Valley office. In Los Angeles: Kristine Price has returned to Torrey Pines Bank as executive vice president, senior credit administrator, for the Los Angeles market and will be based in the region's One Bunker Hill office. Also, Xue Lian "Maggie" Shi has been hired as vice president, loan officer for the bank's One Bunker Hill office.
Brenda Busher was hired as vice president, relationship manager for the bank's Carmel Valley Private Bank office. She draws on 17 years in banking and relationship management, starting as a teller while working to pay for college and progressing through the ranks to most recently serve as vice president at a local office of a financial holding company. She holds a Bachelor of Arts degree in social work from San Diego State University-California State University. She is a member of Greater San Diego Business Association (GSDBA) and The Women's Banking Group at Torrey Pines Bank.
Andres Melgar has been hired as vice president, senior commercial lender in the bank's Symphony Towers office. He has seven years commercial banking experience, and his most recent position was as manager and commercial loan officer for a local financial institution. He has a bachelor's degree in business administration with an emphasis in finance from the University of San Diego.
Chris Meinhardt has been hired as a loan officer for the bank's Carmel Valley office. Chris recently completed his service with the Marine Corps in 9th Communication Battalion at Camp Pendleton, where he was responsible for annual and pre-deployment training; mentoring junior officers; accounting for the performance and well-being of over 200 Marines, and for the maintenance of critical communications equipment. Before that he held roles in sales and construction and general contracting, and was a project engineer for a heavy civil construction contractor. He has a Bachelor of Science degree in mechanical engineering from the University Southern California and a civil engineering license. He is expected to graduate with a Master of Business Administration degree, with an emphasis in finance, from the University of San Diego in 2014.
Kristine Price has returned to Torrey Pines Bank as executive vice president, senior credit administrator, for the Los Angeles market. She will be based in the market's One Bunker Hill office. Previously, Kristine was executive vice president, chief credit officer for Torrey Pines Bank prior to being recruited by the bank's sister institution, Bank of Nevada, as its executive vice president, chief credit officer. She draws on 34 years experience in credit administration and supports the bank's sophisticated credit measurement and control systems in the bank's expanding Los Angeles operation. She has a Bachelor of Arts degree from San Diego State University and graduated from Pacific Coast Banking School. She currently sits on the national board of the Risk Management Association (RMA) and is a member of the RMA's Community Bank Council.
Xue Lian "Maggie" Shi has been hired as vice president, loan officer for the bank's one Bunker Hill office in Los Angeles. She draws upon eight years of experience, most recently as an asset manager for the third largest real estate private equity firm in the world. She has a Master of Business Administration degree in finance from the University of Wisconsin at Madison and is fluent in both Chinese and English.
"At Torrey Pines Bank, we are dedicated to providing excellent customer service, competitive pricing, and market expertise to help area businesses take advantage of opportunities, flourish, and grow. Our most recent new executive hires in customer relationships and credit administration will help us to give more businesses the ability to capitalize on market opportunities with leading area industry experts who can personally guide them through the process, " said Gary Cady, CEO, Torrey Pines Bank.
In 2003, Torrey Pines Bank started with $20 million in initial capital and a single office with seven employees. Today it has $1.9 billion in assets, 12 full service offices and one loan production office, and 228 full-time employees.
With the support of its holding company, Western Alliance Bancorporation, Torrey Pines Bank can offer clients commercial real estate loans three to five times higher than other community banks. Not-for-profit customers can benefit from the bank's program for 501 (c) 3 organizations including higher yields and unlimited FDIC insurance on deposit account types.
About Torrey Pines Bank
Torrey Pines Bank is a California-chartered commercial bank, providing commercial and financial services to small and middle market businesses, and personal banking services to proprietors, employees, executives and consumers desiring a personal banking relationship. Information about products and services offered by Torrey Pines Bank is available at www.torreypinesbank.com.