California Business Bank hires business innovation leader Jer Wood

LOS ANGELES, July 17, 2014 /PRNewswire/ -- California Business Bank is pleased to announce that Jer Wood has joined the bank as Head of Business Projects. Wood, a leader in technology and data driven business innovation, has served in a variety of banking positions including roles at ADB Bank and most recently with BofI Federal Bank (previously Bank of Internet), where he was the Head of Strategic Partnerships. Mr. Wood, who is equally comfortable in business development and technology roles, has been instrumental in developing innovative revenue opportunities. Mr. Wood was a key member of the founding team of ADB's branchless bank model, focusing on online loan and deposit origination. Mr. Wood developed the bank's key credit processes and procedures, as well as implemented and managed its credit technology and data systems. At BofI he continued to refine his skills and led a key revenue generating business unit.

Commenting on the future of California Business, Mr. Wood said, "I've always been interested in using innovation and data to create a more profitable business model. I can't wait to do that again at California Business Bank. I believe in what we are building here."

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 www.californiabusinessbank.com

For more information contact:
Taryn Garcia
Email:    [email protected]

SOURCE California Business Bank