Wedbush Bank Continues Momentum with New Leadership, Names Industry Veteran Charles Jackson CEO

News provided by

Wedbush Securities

Aug 05, 2013, 12:30 ET

Los Angeles, CA (PRWEB) August 05, 2013 -- Wedbush Bank, a leading private bank delivering a wide range of innovative financial solutions to businesses and individuals, today announced the appointment of V. Charles Jackson as Chairman and CEO - effective immediately. With a proven track record of building successful West Coast private banking enterprises over several decades, he joins the Bank as it continues momentum reporting record FY2013 results.

Prior to joining Wedbush Bank, Mr. Jackson served as the West Coast CEO of Boston Private Bank & Trust Company. In his new role, Mr. Jackson is responsible for developing new product lines and identifying multiple avenues of growth opportunities. He joins the team following a record year as Wedbush Bank reported a 14% increase in assets, 48% growth in net loans and a 230% increase in net income.

“We are pleased to welcome Charlie as we close FY2013 with strong results and begin FY2014 well positioned for continued growth,” said Eric Wedbush, President of Wedbush Bank’s parent company WEDBUSH, Inc. “His ability to build successful financial organizations, commitment to client service and well-respected tenure throughout the industry made him the ideal candidate. We’re thrilled to begin a new chapter under his leadership.”

Wedbush Bank is one of the premier private, business and professional banks headquartered in Los Angeles with loan production offices in Newport Beach and Portland, Oregon.

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About Wedbush Bank
Wedbush Bank delivers a wide range of innovative financial solutions including deposit, sweep and cash management services coupled with commercial, small business, asset-based, personal, government and real estate financing. Founded in February 2008, Wedbush Bank is recognized as a “5-Star Superior” rated bank by BauerFinancial and is a wholly-owned subsidiary of WEDBUSH, Inc., the parent company of Wedbush Securities. Please visit us at http://www.wedbushbank.com.

Matthew Chisum, Wedbush Securities, http://www.wedbush.com, 213-688-4459, [email protected]