California BanCorp Launches Treasury Management Consultancy

California BanCorp, the holding company for California Bank of Commerce (CBC), has announced the launch of a Treasury Management Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks.

“We have heard from our commercial banking clients that enhanced cash management is a primary need,” Steve Shelton, California Bank of Commerce president and chief executive officer said in a press release. “We took that feedback to heart and have invested in both the infrastructure and the human capital to deliver on it.”

In addition, CBC recently rolled out a new Treasury Management platform designed for user experience and enhanced with top-tier data security.

Based throughout Northern California, the consultant team will be led by Jim Pelka, who is joining the bank as head of Treasury Management Solutions, reporting to Chief Lending Officer Scott Myers. Pelka comes with 20 years of banking sales expertise, including five years of progressive Treasury Management experience. Before joining the team, he was a Treasury Management regional sales manager and senior vice president at Wells Fargo covering Northern California.

Jeff Mills will also be coming onboard as a Treasury Management sales consultant with a focus on the Sacramento and North State region. Before joining CBC, Mills was at Bank of America, where he most recently served as vice president and relationship manager. With almost a decade of experience in business banking, Mills has a strong background in implementing capital management solutions for clients.

“We are very excited to launch our Treasury Management consulting offering with the strong support of Jim Pelka and Jeff Mills,” said Scott Myers, senior executive vice president and chief lending officer. “They understand the importance of digging below the surface to understand businesses’ cash management needs and to implement the right technology solutions for enhanced optimization.”