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Tuesday, Oct 3, 2023

CUB’s Rainer is Regional Ernst & Young Entrepreneur of the Year

David Rainer, president and CEO of California United Bank, was announced a winner of the Greater Los Angeles regional Ernst & Young Entrepreneur of the Year award in the Financial Services category. The Encino-based bank opened for business in 2005 and achieved profitability after just 11 quarters of operation. The financial institution now has branches in West Los Angeles and Santa Clarita in addition to their headquarters location. Tongue firmly in cheek, Rainer said in accepting the award that he knew he wanted to be a banker ever since he was “two years old, when I touched my first dollar bill.” He went on to thank a number of close friends and bank founders, saying that the bank’s success was a “team effort.” “He deserves it,” said real estate developer Dan Selleck after the event. “We are all inspired by his vision.” Rainer began his acceptance speech by congratulating Jim Hicken of Bank of Santa Clarita, and Min Kim, of Nara Bank, the other competitors in the category, saying it was “an honor to be in the same category with them.” In November, Rainer will go up against the other winners of regional contests throughout the region at the national awards program in Palm Springs.

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