Community Bank in California Hires CEO

Community Bank in Pasadena, Calif., has hired a chief executive.

The $3.3 billion-asset bank said in a press release Monday that David Misch has more than 30 years of experience in banking. He previously served as CEO of Private Bank of California, more than doubling the bank's assets to $700 billion during his tenure.

Private Bank sold itself to First PacTrust in 2012; Misch was supposed to become chief risk officer. First PacTrust has since rebranded as Banc of California (BANC).

Misch has also held executive posts at Bank of New York Mellon Wealth Management and Mellon 1st Business Bank.

MIsch's "broad experience and focused approach will be a tremendous asset for Community Bank," Doug McEachern, Community Bank's chairman, said in the release.

Community Bank's previous CEO, David Malone, resigned in October to pursue other interests, a company spokeswoman says.

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