The new agreement has a term of three years and provides for an annual base salary of $400,000. The extension became effective April 19.
In February, CBB hired Long Huynh as executive vice president and chief financial officer to replace J. Duncan Smith, the former chief financial officer who left for a similar position at a bank on the East Coast.
Huynh was previously CFO of Pacific Commerce Bancorp, which was acquired by Cerritos-based First Choice Bancorp in August. Huynh brings expertise in the areas of mergers and acquisitions, capital markets, and management to CBB.
The $1.2 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.
• • •
Kayne Anderson Buys Retirement Communities
Century City-based Kayne Anderson Capital Advisors and an Arizona-based retirement living company received $69.5 million from SunTrust Banks Inc. to buy three senior living communities in California.
Kayne Anderson and Tucson-based Watermark Retirement Communities Inc. purchased senior living facilities in Whittier and Riverside. The third facility is an assisted living and memory care operation for residents in the Bay Area.
Kayne Anderson is an alternative investment management firm that manages $30 billion in assets.
Have a deal tip? Pat Maio can be reached at (323) 556-8329 or email@example.com.
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