|By Marketwired .||
|August 7, 2014 04:30 PM EDT||
SAN JOSE, CA -- (Marketwired) -- 08/07/14 -- Focus Business Bank (OTCQB: FCSB) announced today that Michael R. Ong has been named executive vice president and chief credit officer. Mr. Ong assumed the position of former executive vice president and chief credit officer Kenneth A. Corsello, who retired. Chairman and CEO Richard L. Conniff made the announcement.
As the chief credit officer, Ong is responsible for all lending activity including loan origination, servicing, compliance and asset quality. In addition, Ong is a member of the Bank's executive management team which is charged with executing its long term strategy.
"On behalf of the board of directors and management team, we are fortunate to have someone of Mike's experience to manage the Bank's loan portfolio," Conniff noted. "His years in banking, extensive background in credit administration and intimate understanding of the San Jose business environment provide the Bank with the leadership necessary to continue to grow in a safe and sound manner. His experience managing middle market lending groups combined with his time as a chief credit officer in successful business banks will help guide the Bank to the next level."
Mr. Conniff continued, "This is also a good and appropriate point to recognize the many contributions of Ken Corsello, who was one of the Bank's original employees and the founding chief credit officer. Under Ken's watch, the Bank maintained high credit quality throughout its almost eight year history including the very challenging economic period from 2008 to 2010. Ken was a friend and mentor to all of us and we wish him the best in retirement."
Mr. Ong is a senior executive with a unique background of middle market business leadership combined with decades of senior credit officer experience for well-known commercial banks. In addition to advisory roles as a management consultant with Bay Area based Burke Capital Corporation, he has held positions as co-president, acting CFO, chief restructuring officer and court-appointed receiver. He has provided consulting services to a diverse range of businesses including heavy equipment and consumer products manufacturing, commercial construction, furniture importing and social media. His over thirty-five years of commercial banking experience includes many years as the chief credit officer at three San Jose based banks: Plaza Bank of Commerce, Comerica Bank- California and Heritage Bank of Commerce. He also served as a senior credit officer at First Bank and Wells Fargo Bank.
"I'm excited to be part of the management team of Focus Business Bank," Mr. Ong stated. "The bank's relationship managers are one of the most experienced and knowledgeable teams of business lenders in the Bay Area. I'm looking forward to working with this group of professionals providing customized financing solutions for our clients."
Ong holds a BA in accounting from California State University Fullerton, an MBA from the University of Southern California, and an Executive Award Certificate from the Graduate School of Credit and Financial Management at Dartmouth College. He has been an active member and leader of several community based organizations including: Chairman, California Economic Development Lending Initiative (CEDLI); Fund Advisory Board of the Office of Economic Development for the City of San Jose; Risk Management Association (RMA) Silicon Valley Chapter; and Small Business Loan Source, a subsidiary of First Bank. In 2007, he received the CEDLI Award for Outstanding Leadership and Innovation in Community Economic Development.
About Focus Business Bank
Focus Business Bank is dedicated to meeting the banking needs of closely-held businesses and professionals in Santa Clara County. The Bank also serves not-for-profit organizations and condominium homeowner associations with expertise, market knowledge, products and services tailored to these specific industries. The Bank specializes in business cash management services and commercial loans of all types. The Bank's corporate offices are located at 10 Almaden Boulevard in downtown San Jose, California. Member FDIC.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2653804
For Information Contact:
Chairman and Chief Executive Officer
email: Email Contact
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
Jun. 30, 2015 05:00 PM EDT Reads: 2,076
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
Jun. 30, 2015 04:39 PM EDT Reads: 534
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Jun. 30, 2015 04:21 PM EDT Reads: 563
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Jun. 30, 2015 03:59 PM EDT Reads: 513
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
Jun. 30, 2015 02:15 PM EDT Reads: 2,145
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
Jun. 30, 2015 01:56 PM EDT Reads: 642
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Jun. 30, 2015 01:45 PM EDT Reads: 1,857
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jun. 30, 2015 01:45 PM EDT Reads: 1,989
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Jun. 30, 2015 01:30 PM EDT Reads: 2,106
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Jun. 30, 2015 01:15 PM EDT Reads: 2,046
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
Jun. 30, 2015 12:30 PM EDT Reads: 1,840
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
Jun. 30, 2015 10:30 AM EDT Reads: 1,887
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare...
Jun. 30, 2015 10:20 AM EDT Reads: 546
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York
Jun. 30, 2015 10:15 AM EDT Reads: 840
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Jun. 30, 2015 09:45 AM EDT Reads: 892