FREMONT, Calif., May 27, 2014–Fremont Bank
, a leading full-service community bank in California announced today that its Board of Directors has appointed Chief Executive Officer Bradford L. Anderson as Co-Vice Chairman and President Andrew Mastorakis as President and CEO effective May 1, 2014.
Anderson’s impressive career at Fremont Bank has spanned nearly 34 years so far. He began his tenure with the bank in 1980 as a branch manager and loan officer. Later, he played a key role in developing and implementing the bank’s "No Closing Cost" Loan Program, which transformed the way homeowners refinance their mortgage loans.
When he became President and CEO, Anderson actively embraced bank technology for efficiencies and convenience to clients. With his vision, the bank relocated 5 branches and expanded residential lending into Southern California. And as a testament to Anderson’s leadership, the bank experienced the two highest earning years on record which resulted in being recognized as the “#1 Mid-Tier Bank in the US” by American Banker Magazine in 2013 and “#1 Midsized Private Bank
” by American Bankers Association Banking Journal in 2014.
“We are thrilled that Brad Anderson will now join Alan Hyman as a Co-Vice Chairman of the Board,” said Michael Wallace, Chairman of the Board. “Brad’s passion for identifying products and technology to benefit our valued clients will be key as the bank continues to grow and expand."
As President and CEO, Mastorakis shares in the vision set by his predecessor. "Our philosophy of actively engaging in each of our communities with integrity and personalized service continues as we strive to be the premier community bank of the Bay Area," said Mastorakis.
Mastorakis joined Fremont Bank in 2009 as President. He has served in leadership roles at other financial institutions including OneWest Bank where he was CEO overseeing the bank's retail banking group. Prior to OneWest Bank, Mastorakis was executive vice president at Tri Counties Bank in Northern California. He also held various positions at Wells Fargo in San Jose, CA, including senior vice president and division manager.
“As the local economy continues to improve, we will remain focused on expanding the clients we serve and our ability to meet their banking, lending and investing needs now and in the future," Mastorakis added.
About Fremont Bank
Fremont Bank (www.fremontbank.com
) is a leading retail and commercial bank, California mortgage lender, award-winning top philanthropic business and consistently ranks in Bay Area News Group’s “Top Bay Area Workplaces.” Founded in 1964, Fremont Bank is one of the oldest independent family-owned and managed banks in the state and focuses on personalized service for clients. It has 18 branches across the counties of Alameda, Contra Costa, Santa Clara, San Francisco, and Monterey with loan production offices in Sacramento and Los Angeles counties. Find Fremont Bank on Facebook at www.fb.com/FremontBank
and on Twitter at @FremontBank