Southern California Bancorp (company), the holding company for Bank of Southern California, N.A. (the Bank) announced that David I. Rainer, the Chairman and President of the consolidated organization, has taken a temporary sabbatical from all positions with the company and the Bank effective as of April 29, 2022, for personal reasons unrelated to his health. Although no assurances can be made, the Company and the Bank anticipate that Mr. Rainer will return as the Chairman of the consolidated organization following the conclusion of his sabbatical in or around early 2023. The company's current Lead Director Irwin Golds will become Interim Chairman of the Board of the combined organization; and Richard Hernandez, Executive Vice President, Chief Banking Officer, has been appointed President of the combined organization, all effective as of April 30, 2022.

Additionally, Jean Carandang will join the Bank as Executive Vice President and Chief Financial Officer as of the same date. Also effective as of April 30, 2022, Joann Yeung, the Company's current Director of Financial Reporting, has been appointed as Chief Accounting Officer of the combined organization; and Khoi D. Dang, the current Chief Legal Officer of the combined organization, has also been appointed as the Chief Administrative Officer of the combined organization, and Tony DiVita has been appointed Chief Strategy Officer. Mr. Dolan has more than 37 years of experience in the banking industry.

Before joining the Company, he was previously the Executive Vice President, Chief Financial Officer, at Los Alamos National Bank. Prior to that, he served as Executive Vice President, Chief Operating Officer, of Anchor BanCorp Wisconsin Inc. Mr. Hernandez is a highly accomplished and well-regarded executive with more than 20 years of experience in the banking industry. Before joining Bank of Southern California in 2020, he served as Executive Vice President for Pacific Western Bank, overseeing commercial banking regions located in Los Angeles and Ventura counties.

Prior to that he served as an Executive Vice President at California United Bank for 12 years, and before that as Vice President, Commercial Banking, of U.S. Bank for four years. Ms. Carandang brings more than 30 years of banking experience to her role of Chief Financial Officer of the Bank of Southern California. Previously, she was the Chief Financial Officer at Suncrest Bank for six years and prior to that Chief Financial Officer at Simplicity Bank for seven years.

She began her accounting career as an audit manager at KPMG.