FOR IMMEDIATE RELEASE
Contact Information:Tawnya LancasterPublic RelationsPhone: firstname.lastname@example.org
Seasoned banking veteran to help direct the company's growth in Silicon Valley and beyond.
San Jose, Calif. - (October 27, 2011) — Technology Credit Union (Tech CU) is pleased to announce that seasoned banking veteran Joe Anzalone has joined the Bay Area financial institution as its Executive Vice President and Chief Banking Officer, effective October 22. In his new role, Anzalone will be responsible for executing on the vision and strategy for Tech CU's market-facing activities, including Retail Banking, Business Banking, Wealth Management, Community Relations, and Marketing.
"Joe's deep experience in finance and high tech and his exceptional understanding of banking in Silicon Valley will be very beneficial to Tech CU as we look to future opportunities for growth," said Tech CU President and CEO Barbara Kamm. "He's a strong leader with a collaborative, approachable management style that I'm sure will fit in well with our team and our members."
Anzalone is no stranger to Silicon Valley. An alumnus of Santa Clara University, he has worked as a financial advisor to high tech companies in the Bay Area for more than two decades, including dozens of startups.
Prior to joining Tech CU, Anzalone served as the Executive Vice President and Chief Banking Officer at New Resource Bank in San Francisco where he was responsible for product and services strategy in addition to market development. Anzalone also helped drive the bank's loan and deposit growth during his tenure.
Additionally, Anzalone served as the President and Chief Operating Officer of broadband wireless equipment and Internet applications provider MediaG3 and as the Senior Vice President of Campbell-based Legacy Bank. He was the Co-Founder and Chief Executive Officer of Ohana Wireless, a development-stage wireless equipment company, and also held a variety of executive positions at Silicon Valley Bank during his 15-year tenure, including National Sales Manager and Commercial Finance and Real Estate Division Manager. In 2002, Anzalone founded Allegiant Ventures, a technology venture fund that remains active today.
"Joining Tech CU is exciting for me, given its 50-year history in the Bay Area of supporting high tech companies and their employees," said Anzalone. "Today, banking customers are looking for security, stability and fairness, therefore, we as an organization need to emphasize Tech CU's tradition of community service while supporting our growing membership."
Anzalone says he will focus on expanding Tech CU into new markets by deepening its existing relationships with members and member companies and by broadening the company's portfolio of products and services. He says the organization has a particularly strong foundation that he plans to leverage while working with his teams to position Tech CU for prudent growth.
ABOUT TECHNOLOGY CREDIT UNIONwww.techcu.comFounded in 1960 by the employees of Fairchild Camera and Instrument Semiconductor Division, Tech CU has served the high tech workforce in Silicon Valley for 50+ years. Today, Tech CU has extended its membership benefits to small and medium-size businesses and individuals who live and work in the greater Bay Area. The financial institution is recognized as one of the best managed and strongest in the country. Tech CU's 74,000 members have access to 68,000+ surcharge-free ATMs nationwide, online and mobile banking, 10 full-service branches in the Bay Area, and comprehensive wealth management and small business services. www.techcu.com.
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