Pacific Commerce Bank announced that as of April 6, Ken Kasamatsu, founder of the bank, has rejoined the bank to assist in its strategic initiatives.
Kasamatsu retired from the bank last April. He founded Pacific Commerce Bank in Little Tokyo on Oct. 10, 2002 and served as the bank’s first president and chief executive officer.
“Like the Little Tokyo community, the bank is continuing to experience a transformation. I’m glad to be back and joining in this phase of the bank’s development and growing success,” Kasamatsu said.
Kasamatsu’s return coincides with the announcement that Pacific Commerce finalized its merger with Chula Vista-based Vibra Bank. The combination expands the bank’s service lines to four locations in Southern California, with the headquarters remaining in Little Tokyo.
“More than ever the Japanese American community, as major shareholders and customers, are greatly appreciated by the bank. Ken Kasamatsu’s presence will certainly enhance our continuing relationships in the community,” stated Thomas Iino, Pacific Commerce chairman.