Wrong Larry Kurmel?

Last Updated 9/27/2010

General Information

Employment History

Executive Director  - California Bankers Association

Chief Executive Officer  - California State Teachers' Retirement System

Organizer and Vice Chairman of Directors  - Coronado First Bank


Bachelor of Arts degree  - California State University , Sacramento


Board Member  - Fremont Bank

Board Member  - Journeys Within Our Community

Board Member  - Golden Pacific Bancorp Inc

Board Member  - Wells Fargo & Company

Advisory Board Member  - Capital Valley Ventures Inc

State Treasurer  - California Department of Finance

Web References  


Larry Kurmel
Larry Kurmel, Advisory Board Member Larry Kurmel, Chairman Larry Kurmel is the retired Executive Director of the California Bankers Association (the "CBA"), a position he held from 1988 to 1999. Prior to joining the CBA, from 1985 to 1988, Mr. Kurmel was Chief Executive Officer of the California State Teachers' Retirement System, the nation's fifth-largest public pension fund, which serves over 500,000 active and retired teachers. Kurmel is a current member of the Advisory Board of the Capital Valley Ventures LLC, an early stage venture capital fund. He is a former Member of the Advisory Council to the California State Treasurer. Mr. Kurmel is a director of Fremont Bank, a position that he has held since November 1998. Mr. Kurmel is also an organizer and Vice Chairman of the board of directors of Coronado First Bank, a position he has held since that bank opened in October 2005. Mr. Kurmel graduated from California State University, Sacramento, with a Bachelor of Arts degree.

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Coronado First Bank Names Bill Huck Chair

• Larry D. Kurmel - Retired Director of California Banker's Assoc. (CBA)

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About $20 million of the startup money would capitalize the bank, and the rest would be held in the holding company, which could fund expansion plans, said Larry Kurmel, chairman of the holding company and proposed bank.
The company structure takes a back-to-basics approach, Kurmel said. The holding company structure was important for the bank's long-term strategy, Kurmel said, because it makes it easier to buy banks or open new ones in other communities. Kurmel said he wants to put community banks in areas that have lost their locally focused banks, a common situation as national and regional banks have expanded through acquisitions. In any community where he opens a bank, Kurmel said, the local board will reflect that community. Kurmel has been toying with the idea of a Sacramento-based community bank holding company for years. "It is all about the people, and this is a great team," Kurmel said. Proposed directors of the bank's board , Larry Kurmel, 64, retired executive director of the California Bankers Association and former chief executive officer of the California State Teachers' Retirement System

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