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Friday, Jun 9, 2023

CBB Hires New CFO

CBB Bancorp Inc., parent of Commonwealth Business Bank, hired Long T. Huynh as executive vice president and chief financial officer to replace J. Duncan Smith, the former CFO who left earlier this month for a similar position at a bank on the East Coast.

Huynh, who most recently was CFO of Pacific Commerce Bancorp, which was acquired by Cerritos-based First Choice Bancorp in August 2018, adds expertise in the areas of mergers and acquisitions, capital markets and management.

“We are pleased to have someone of Mr. Huynh’s caliber to join our management team. His expansive knowledge and experience in the banking industry will provide a successful foundation for our company’s growth,” said CBB Chief Executive Officer Joanne Kim, in a statement.

Smith resigned from his position after four months as chief financial officer to take a CFO job with CFG Community Bank in Baltimore. Previously he was the executive vice president and chief financial officer of Community Bank in Pasadena, which was purchased in August by Ontario-based CVB Financial Corp., parent of Citizens Business Bank.

The $1.16 billion-in-asset CBB has eight branches in Los Angeles and Orange counties, one in Texas and two regional offices that specialize in Small Business Administration loans in Los Angeles and Dallas. It also has six loan production offices in Texas, Georgia, Colorado, Utah and Washington.

Finance reporter Pat Maio can be reached at pmaio@labusinessjournal.com or (323) 556-8329.

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