Written by The Business Journal Staff
Visalia-based Suncrest Bank announced record net income of $677,000 for the second quarter, up 342 percent from the same quarter last year.
For the first six months of the year, net income was $947,000, and total assets stood at $316.8 million as of June 30.
Suncrest Bank also announced the appointment of Jean Carandang as its new chief financial officer.
Carandang has been acting as the bank’s interim CFO since April, and replaces Bob Moore, who left the organization to pursue new opportunities.
Starting her career as a certified public accountant and auditor with KPMG LLP in Los Angeles, Carandang then spent the next 12 years in various finance and risk roles at Quaker City Bank in Whittier before joining PFF Bank and Trust in Rancho Cucamonga as senior vice president and financial controller. In 2008, she joined NASDAQ-listed Simplicity Bank in Covina before serving as CFO until its merger with HomeStreet Bank in 2015.
Carandang holds a bachelor’s degree in accounting from California State University, Los Angeles.
Ciaran McMullan, president and CEO of Suncrest Bank, stated: “We are delighted to be able to hire a CFO with Jean’s industry experience and public accounting background. Jean has exactly the right set of skills to help lead our bank through its next phase of development.”
Mcmillan also thanked former CFO Moore for his eight years of service.