#United States #CFO #Sandy, Utah #Sunwest Bank #Raymond Rindone

Sunwest Bank Welcomes Raymond Rindone as CFO

In a significant move to bolster its leadership team, Sunwest Bank has announced the appointment of Raymond Rindone as the new Chief Financial Officer (CFO). This strategic decision comes as the bank aims to enhance its financial operations and growth initiatives in an ever-evolving financial landscape.

Raymond Rindone, a seasoned finance professional, boasts over 30 years of extensive experience in the banking and financial services industry. His background is marked by a deep specialization in accounting, finance, treasury management, and effective strategic planning. Rindone’s expertise is expected to play a vital role in the bank’s financial transformation and planning efforts.

Proven Track Record in Financial Leadership

Prior to his appointment at Sunwest Bank, Rindone held significant roles that showcased his financial prowess. He served as the Deputy Chief Financial Officer and Head of Corporate Finance at Banc of California. In this capacity, he was instrumental in executing a transformational acquisition, which significantly expanded the bank's reach and operational capacity. Notably, Rindone also held the position of Deputy CFO at City National Bank, where he played a vital role in fuelling the Corporate Finance division's remarkable growth—from $14 billion in assets in 2006 to more than $95 billion by 2022.

His robust experience reflects a proven ability to lead financial teams through transformations while actively driving profitability. Rindone's insight into financial metrics and strategic visions is anticipated to be a tremendous asset for Sunwest Bank as it positions itself for future growth.

Leadership Comments

Carson Lappetito, President of Sunwest Bank, expressed enthusiasm for Rindone’s arrival, stating, “We are thrilled to welcome Raymond Rindone to the Sunwest Bank team. His depth of experience and proven leadership make him an invaluable asset to our executive team. We are confident his insights will enhance the bank's strategic initiatives and strengthen our financial foundation.”

Rindone is equally excited about the opportunity to join Sunwest Bank, noting, “The bank's strong profitability metrics, impressive growth trajectory, and forward-thinking use of technology make it a standout in the industry. I look forward to contributing to its continued success.”

Academic Background and Community Engagement

Raymond holds a Bachelor of Science degree in Accounting from the prestigious University of Southern California. His commitment extends beyond the banking sector; he is also an active board member of the Los Angeles Conservancy, an organization dedicated to preserving the architectural and cultural heritage of Los Angeles County.

About Sunwest Bank

Founded in 1969 and located in Sandy, Utah, Sunwest Bank is a privately held commercial bank with over $3.5 billion in assets. The institution has built a reputation for excellent service catered to entrepreneurs, privately held corporations, family offices, and small- to medium-sized businesses, especially within the Western United States. The bank prides itself on its ability to adapt and innovate in the banking sector, continually providing tailored financial solutions.

As Raymond Rindone transitions into his new role, the banking community will be watching closely to see how his extensive experience and commitment to innovation will shape the strategic initiatives at Sunwest Bank. For more insights and updates about the bank, visit Sunwest Bank's official website.