Cal Savings Names EVP, Expands CRE Biz

Richard Caldwell has been named executive vice president and chief lending officer at California Savings Bank's San Francisco office as part of the bank's expansion of commercial real estate lending in Northern California.The San Francisco-based bank said it now has three commercial lending offices serving Northern California: San Francisco, Walnut Creek, and Sacramento. Patricia Theophilus, EVP and chief credit officer, said the bank now has a commercial loan pipeline of over $300 million. Mr. Caldwell, who was previously a principal at Buchanan Street Partners, a regional mortgage bank and fund manager, said California Savings plans to "move quickly to meet rising demand in the region for land loans, ground-up construction, value-added bridge financing, and permanent loans across a broad range of commercial property types, including multifamily, retail, hospitality, R&D, office, industrial, and single-family residential tracts." Mr. Caldwell has also held positions at GMAC Commercial Mortgage and Merrill Lynch Capital.