Skip to main content

California Bank of Commerce Launches Sponsor Finance Division

Written by Customer Service on . Posted in Public Companies.

OAKLAND, Calif., April 06, 2020 (GLOBE NEWSWIRE) — California Bank of Commerce (CBC) announces the launch of its Sponsor Finance Lending Division, led by well-known dealmaker Larry LaCroix.
The division works closely with private equity firms (including Search Funds) and direct lenders to provide cash flow-based senior debt financing.“We’re pleased to not only announce this new division but, also excited to have Larry join our team,” said Steve Shelton, President and Chief Executive Officer of California Bank of Commerce. “His leadership and background in Sponsor Finance position the bank for continued success.”In moving into the area of Sponsor Funding on a national level, CBC selected LaCroix and named him an Executive Vice President as well as manager of the new program. LaCroix is a veteran leader in the finance industry, having served as Executive Vice President and Specialty Finance Division Manager at Avidbank, Senior Vice President and Group Manager at Bridge Bank and Senior Vice President and Receivables Capital Management Division Manager at SunTrust. He also has served as Chief Executive Officer of CeltSoft and as Chief Executive Officer and founder at CS Capital Solutions.The Sponsor Finance Division will support buyouts/acquisitions, recapitalizations, refinancing and growth capital for companies in a variety of industries. CBC Sponsor Finance works with businesses with professional backing providing capital with flexible structures.California BanCorp (NASDAQ:CALB) is the holding company for CBC.About California BanCorp and California Bank of Commerce
California BanCorp, through its wholly-owned subsidiary, California Bank of Commerce, offers a broad range of commercial banking services to closely held businesses and professionals located throughout Northern California. The stock of its parent company, California BanCorp, trades on the NASDAQ marketplace under the symbol CALB. For more information on California BanCorp and California Bank of Commerce, call us at (510) 457-3751, or visit us at www.californiabankofcommerce.com.Contact California Bank of CommerceCalifornia BanCorp
Steven E. Shelton, (510) 457-3751
President and Chief Executive Officer
seshelton@bankcbc.comThomas A. Sa, (510) 457-3775
Senior Executive Vice President
Chief Financial Officer and
Chief Operating Officer
tsa@bankcbc.comLarry LaCroix, (510) 457-3750
Executive Vice President, Manager Sponsor Finance
llacroix@bankcbc.comMedia ContactCaitie Nolan, (925) 790-2748
AMF Media Group
caitie@amfmediagroup.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.