The California Bankers Association (CBA) today announced that Scott
Racusin, president & CEO of Wedbush Bank, was recently elected to serve
as a vice chairman at large during the 2013-2014 year for California’s
largest banking trade association.
“We are pleased to welcome Scott Racusin as a member of our executive
committee with his nearly four decades of leadership experience within
the California banking community,” said Rodney K. Brown, president and
CEO of CBA.
Racusin has been in the financial services industry for 39 years. Prior
to joining Wedbush Bank in February 2007, he served as the executive
vice president and manager of Advisory Services for Citizens Business
Bank in Ontario, California. He also served in many banking capacities
that include creating a private bank at Union Bank of California and
chartering the first Office of the Comptroller Currency approved
full-service internet bank, AeroBank.com in 1999.
Racusin has served as a member of the CBA’s board of directors since
June 2011, and he currently serves as chairman of the Federal Government
Relations Committee. For more information on Racusin, please visit www.calbankers.com/executive-committee
to view his full profile.
About the CBA
Established 122 years ago, the California Bankers Association (CBA) is
one of the largest state banking trade associations in the country. CBA
leads the way in developing relevant educational and legislative
solutions to some of California’s more pressing financial and banking
issues, including financial empowerment, identity theft, financial
privacy, and financial elder abuse. CBA’s membership includes the
majority of California’s commercial, industrial and community banks and
savings associations. For more information, visit www.calbankers.com.
About Wedbush Bank
With approximately $285 million in assets, Wedbush Bank is one of the
premier private and business banks headquartered in Los Angeles with
loan production offices in Newport Beach and Portland, Oregon. Wedbush
Bank delivers a wide range of innovative financial solutions including
deposit, sweep and cash management services coupled with business and
individual lending including stock-secured, asset-based, government and
commercial real estate financing. Founded in 2008, Wedbush Bank is a
subsidiary of WEDBUSH, Inc. and an affiliate of Wedbush Securities.
Wedbush Bank is recognized as a “5-Star Superior” rated bank by
BauerFinancial. Wedbush Bank can be found on the Web at www.wedbushbank.com.