LOS ANGELES, July 15, 2014 /PRNewswire/ -- California Business Bank changed ownership in the middle of 2013, and its business plan was immediately changed to not only reverse the Bank's history of lackluster performance, but to also reconstitute the Bank as the leader in banking innovation using state of the art technology, including the internet. "We knew we had to change, and we quickly committed to becoming the leader in innovation," said Richard Tan, Chairman of the Board and majority shareholder. "Our first steps were to add human and capital resources."
In January 2014 California Business Bank announced that Adriaan van Zyl had joined the Bank as President and CEO. van Zyl, who is considered one of the country's leading internet and mobile banking experts, joined the bank from BofI Federal Bank (previously Bank of Internet), where he was COO since 2010. In addition to his extensive internet banking experience, he also has an excellent track record in turnaround and startup environments in a number of previous banking roles. Mr. van Zyl has extensive banking experience, ranging from corporate, commercial, business and investment banking, to consumer banking and payment systems, with a strong focus on internet based business origination and delivery. Throughout his career, he has successfully blended traditional banking with internet and mobile banking, bridging the gap between business and technology to create scalability and greater efficiency. "I am excited to use my skills to re-launch California Business Bank, blending the best of traditional banking with the latest in banking technology, including internet and mobile banking," said Mr. van Zyl. "Today's customer demands the best of both worlds. Instant online access and technology when they want, a real person when they don't. We will be building a strong institution and expect to be a leading force in banking soon."
During March 2014, California Business Bank raised over $8 million in additional new capital. "We believe that our Bank is now well positioned to begin its journey to a position of leadership," concluded Mr. Tan.
About California Business Bank: California Business Bank provides banking solutions for consumers and small to medium size businesses. For more information on California Business Bank, please visit
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SOURCE California Business Bank