Professional Business Bank Names New Chief Credit Officer

Professional Business Bank, a Pasadena-based community bank serving businesses in the San Gabriel Valley, has named Michael V. Tyminski chief credit officer. Tyminski arrives at Professional Business Bank with a 33-year background in banking that includes senior positions at Citicorp, City National Bank and Wedbush Bank.

“Michael’s expertise in credit policy and risk management will contribute to the continued strengthening of our loan portfolio and enable the bank to grow its business lending in 2011,” said Mary Lynn Lenz, President and CEO of Professional Business Bank. “He brings to the bank a broad range of experiences across the full banking spectrum, including a de novo bank, community and regional banks and a much larger money center bank in Citicorp.”

Tyminski was formerly a member of the executive team that formed Wedbush Bank in Los Angeles in 2008, serving as executive vice president and chief credit officer responsible for overseeing the bank’s asset quality and developing credit policy. Prior to that, Tyminski was senior vice president at City National Bank where he created the bank’s Franchise Finance Group and oversaw its Los Angeles Metropolitan Commercial Banking Group, a commercial middle market client based with credit facilities that exceeded $500 million.

During a 14-year tenure at Citicorp, Tyminski served as team leader for corporate banking and ascended to division credit officer for a commercial real estate loan portfolio of nearly $5 billion. Tyminski also served as portfolio risk manager and team leader for franchise finance while at Citicorp.

“Michael Tyminski is a welcomed addition to the executive team at Professional Business Bank and will be a valuable resource for the bank’s customers,” said Lenz.

Professional Business Bank specializes in serving small to mid-sized businesses, including medical professionals, professional service providers such as attorneys and CPAs, manufacturing firms and various other regional businesses. The bank operates from six branches located in both central and east Pasadena, Montebello, Glendale, Irvine, and Huntington Beach.  Professional Business Bank was founded in 2001.