California Bancorp has announced that Steven Shelton has retired as Chief Executive Officer and Director of both the company and California Bank of Commerce, effective December 31, 2025. David Rainer has been appointed Chief Executive Officer and will also serve as Chairman of the company and the bank, effective the same date. Shelton will remain with the organization in an advisory role through December 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9620278-en) on January 07, 2026, and is solely responsible for the information contained therein.