Bank News:

We are proud to announce our name change is complete and we're now CalPrivate Bank.

Same great people, same great services.

About Us


Executive Officers and Directors


Thomas V. Wornham, Chief Executive Officer, Director 
Thomas V. Wornham was appointed President and Chief Executive Officer effective May 1st, 2015. Mr. Wornham designated Rick L. Sowers as President of the Bank on February 15, 2018 and retains the position of Chief Executive Officer of the Bank and serves on the Board of Directors. 

Mr. Wornham has a distinguished background in banking, public infrastructure and community service leadership positions in San Diego. He has built banking organizations through organic growth and acquisition integration during his exemplary career at Wells Fargo, which spanned three decades. Mr. Wornham’s reputation and ability to build quality teams and coalitions to achieve consistently outstanding results has been displayed in banking as well as numerous civic and political organizations. A native San Diegan, Mr. Wornham has been active in local government and spent decades commuting to Sacramento and Washington D.C. conducting Government Relations for both the Private and Public Sector. Most recently he was Chairman of the San Diego County Water Authority. Tom Wornham has chaired many noteworthy community service organizations including San Diego Regional Chamber of Commerce, San Diego Regional EDC, The United Way of San Diego 2001/2 Campaign, Century Club of San Diego; co-chairman San Diego Championship Golf, and 2004 Prop “A” Trans-net; and has been a member of UCSD Rady School of Business Advisory Board and a Trustee on The Bishop’s School Board of Trustees in La Jolla. 

Rick L. Sowers, President , Director 
Rick L. Sowers was appointed President of the Bank in February of 2018 and serves on the Board of Directors. He is a Southern California native and 1995 graduate of UCSD. He applied his BS in Economics first with Accenture Consulting in Los Angeles then joining CAST Management Consultants, where he spent a decade as a VP/ Associate Partner. He specialized in creating bank efficiencies, profitability and optimizing customer focus and experience. In 2008, Rick joined Bank of Manhattan / Manhattan Bancorp as EVP & Chief Banking Officer. He became President of the Bank prior to its merger with Plaza Bank – Irvine in 2015. There Rick held positions starting from EVP & Chief Strategy Officer to Chief Operating Officer. He served as the Bank’s President until Plaza Bank was successfully sold in 2017. 

Steve Rippe, Chief Credit Officer
Mr. Rippe is the Chief Credit Officer and Director of the Bank.  Mr. Rippe organized Embarcadero Bank in 2005 and served as Chief Executive Officer until 2011.  Embarcadero Bank acquired Coronado First Bank in 2011 where Mr. Rippe served as Chairman of the Board and Chief Credit Officer.  Mr. Rippe assumed his current role in 2013 when Coronado First Bank and San Diego Private Bank were merged.

Mr. Rippe is a resident of Coronado, California and a graduate of the University of California, Santa Barbara. 

Eric Larson, Chief Financial Officer 
Mr. Larson was appointed Executive Vice President and Chief Financial Officer of the Bank in April 2013 after serving in the same capacity at the pre-merger San Diego Private Bank where he was employed since July 2010. Prior to joining San Diego Private Bank, Mr. Larson was employed at San Diego National Bank for 24 years - the last 12 as Senior Vice President/Chief Financial Officer.  In that role, he was a member of the Senior Management Committee and was responsible for accounting and financial reporting, risk management, procurement and facilities.

Mr. Larson began his career as a Bank Examiner with the Iowa Division of Banking. Mr. Larson holds a Bachelor of Business Administration degree with an emphasis in Finance from Iowa State University. He has been active in the San Diego Community and currently serves on the Advisory Board for the Academy of Finance at San Diego High School of Business. 

Selwyn Isakow, Chairman of the Board 
Mr. Isakow is a resident of La Jolla, California. He is the Founder, Chairman and Chief Executive Officer of The Oxford Investment Group, Inc. a private equity, real estate and venture investment firm which has built over 80 manufacturing, financial services and niche distribution companies in 17 countries since 1985.

Mr. Isakow was the Founder and Chairman of Bloomfield Hills Bancorporation, a Michigan-based holding company for The Private Bank which operated three private banking operations, a Wealth Management Group and a Mortgage Company. Previously, Mr. Isakow served as Executive Vice President of Comerica, Inc. a large regional bank, as a Principal of Booz Allen & Hamilton, management consultants, where he was a member of the Worldwide Strategic Management Group and headed the Financial Service Industry practice for Western U.S., as Audit Manager at a public accounting firm and as an Officer in the South African Air Force.

Mr. Isakow has served as Chairman or Board Member of several NYSE companies as well as numerous private companies, Healthcare and non-profit organizations. He is currently Chairman of the Board of City of Hope, a leading national Comprehensive Cancer Center in LA. He has received various civic and business honors and awards including E&Y Entrepreneur of the Year. He obtained his MBA with distinction from Wharton Business School and his Bachelor of Commerce, Certificate in Accounting and Bachelor of Accounting degrees from University of Witwatersrand, Johannesburg, South Africa. He is a qualified Chartered Accountant. 

David Ellman, Director
Mr. Ellman, is a resident of La Jolla, California. Mr. Ellman is the Chairman of Gerber Goldschmidt Group (GGG), a 98 year old international private equity investment and trading group. While the Company is headquartered in San Diego, GGG subsidiaries are located around the world and primarily trade in food based products and protective clothing and safety products. GGG has a diversified portfolio of private equity investments.

Mr. Ellman is involved in a number of charitable and humanitarian causes, with an emphasis on education. He has served on the San Diego World Trade Council, the United Jewish Federation Board, AIPAC, FIDF, the Board of Hebrew Homes and presently serves on its Foundation Board, on the Board of the JCC and presently on its Advisory Board.

Mr. Ellman received his B.Com (Bachelor, Commerce) and LLB (Bachelor, Law) from the University of the Orange Free State, South Africa. 

David S. Engelman, Director 
Mr. Engelman, a private investor and corporate director, was elected to the board of directors in December, 2010.

Mr. Engelman has served as a board member of MGIC Investment Corp., Fleetwood Enterprises, Fieldstone Mortgage Investment Corp., Union Fed Bancorp, Quaker City Bancorp, Commercial Federal Corp. and National Bank of La Jolla. 

He has been a CEO or COO of Mortgage Guaranty Insurance Corp., Union Federal Bank, Fleetwood Enterprises and Financial American Network. Mr. Engelman has been active in business and community affairs in San Diego and Southern California for 44 years. 

Keith B. Jones, Director 
Mr. Jones is the Owner & Managing Partner of Ace Parking. Founded in 1950, Ace Parking is the largest and most prestigious family owned and operated parking company in North America. Mr. Jones has led the corporate strategy, operations and moral compass for Ace Parking since 2004, including the firm’s expansion and emergence as the nation’s premier parking company founded on technological innovations, extreme customer service values and a strong, purposeful internal company culture. Jones is responsible for the strategic and creative vision of the company, along with ensuring the company’s growth and profitability. Keith B. Jones is passionate about honoring and improving his family’s business for Ace's clients and valued team members. Jones has been recognized and honored by the National Parking Association (NPA) as a key leader in the parking industry because of his extreme energy to be 100% focused/dedicated on building the most reliable parking firm in North America.  

Mr. Jones believes strongly in giving back to the community, serving in various distinguished organizations including Chairman of the Downtown San Diego Partnership, is a Director at San Diego Regional Chamber of Commerce, Economic Development Corporation, San Diego Police Foundation, Sharp Hospital, San Diego Private Bank, and is a member of Young Presidents Organization. Jones served as Director at Father Joe's Villages and is actively involved in the Campaign to End Chronic Homelessness. Under his direction, Ace Parking is an active member of Urban Land Institute (ULI), Building Owners & Managers Association (BOMA) and Hotel-Motel Association (HMA). Together with Ace Parking, Mr. Jones has contributed to numerous charitable organizations including the Alzheimer's Association, Lymphoma & Leukemia Society, Susan G. Komen, Junior League and the Children's Miracle Network. Jones holds a BA from NYU.

Marjory Kaplan, Director
Ms. Kaplan is currently a consultant in management, governance and human resources. From 1994 to 2016, she was President and CEO of the Jewish Community Foundation San Diego. Under her leadership, the foundation won top awards for governance and distributed community grants in excess of $1 billion, becoming the largest grant maker in San Diego.

Ms. Kaplan’s banking career started at Bank of America headquarters in the compensation and benefits division of Human Resources. She was promoted to Employee Relations Manager for the retail banking, data processing and international divisions. She then became Vice President of Human Resources at First National Bank of Denver and later Vice President of Investments. Ms. Kaplan also served as a private banker at Wells Fargo Bank San Diego.

Leon Kassel, Director 
Mr. Kassel is a resident of La Jolla, California. He is the President of Jeval Asset Management based in San Diego. Mr. Kassel has more than 28 years of banking and bank directorship experience. He was a director of Bank of Southern California in San Diego from 1988 to 1994 he also served as the bank's Chairman of the Board from 1994 to 1996. Following the merger of Bank of Southern California with First National Bank, San Diego, he served as the Director of First National Bank from 1996 until the sale of the bank in 2002. He served as the Chairman of the Board of the bank from 2000 to 2002 and as the bank's Chief Investment Officer from 1998 to 2000. Following the acquisition of First National Bank by First Community Bancorp, Mr. Kassel served as a director of First Community Bancorp for less than a year (2003-2004). Mr. Kassel has served as a member of the board of the Burnham Cancer Research. He was a member of the investment committee of the Jewish Community Foundation in San Diego from 2000 to 2002 and the treasurer and board member for Beth El in San Diego from 1997 to 1999. Mr. Kassel obtained his B.S. in Management/Engineering from Worcester Polytechnic Institute in 1974. 

James R. Parks, Director 
Mr. Parks heads the Los Angeles, California office of CBIZ MHM, LLC and specializes in providing consulting services to companies and individuals in the real estate, entertainment, manufacturing, media and service industries. Mr. Parks provides tax consulting, business and family law litigation, business management/family office and tax services for high net worth individuals, entertainment and media industry and real estate industry consulting. Mr. Parks has been a member of CBIZ since his prior company (Parks, Palmer, Turner & Yemenidjian, LLP) was acquired in 1999. He has over forty years of public accounting experience.

Mr. Parks also co-founded and is Chairman of Realty Center Management, Inc. (RCMI), a real estate company that manages and through affiliates owns over 9470 apartment units and approximately 200,000 square feet of commercial office space. The market value of the portfolio as of December 31, 2016 was over $1.5 Billion.

Mr. Parks is a Certified Public Accountant in the state of California and received his BS and MBT degrees from the University of Southern California. Mr. Parks is active in various community ventures and currently serves as a member of the Board of Trustees of the Autry National Center of the American West, a member of the Board of Leaders at the University of Southern California, a member of the Board of Trustees at Whittier College, a member of the Board of Directors of Whittier Trust, a trustee of the California Art Club in Pasadena, and a member of the Board of Directors of the California Council on Economic Education. 

Ernest Rady, Director
Mr. Rady is an experienced banker, entrepreneur and philanthropist. He is Founder, President, CEO and Chairman of American Assets Inc., a NYSE listed REIT conglomerate with $4.5BB in assets that controls businesses in numerous sectors of the economy, including financial services, investment management and real estate.

He was formerly the Chairman and Chief Executive Officer of Westcorp, a NYSE-traded financial services company that was sold to Wachovia Corp. in 2006. His storied career spans a wide variety of industries, including beverage wholesale, radio stations/telecommunications towers, oil and gas, as well as professional soccer and major league baseball.

Mr. Rady has served as past Chairman, Board of Trustees, Director and Treasurer of the Rady Children's Hospital and Health Center. He has also served as the Chairman of the Dean's Advisory Council of the Rady School at UCSD, acting member of UCSD's Chancellor's Associates, Trustee of the Salk Institute for Biological Sciences and as a Trustee of Scripps Health.

Richard Smith, Director 
Mr. Smith has been involved in the banking industry for 40 years, specializing in private banking for high-net-worth individuals. After starting as a banking analyst with Manufacturers Hanover in New York, Richard moved to Southern California where he held senior positions at Imperial Bank and then Comerica Bank. In 2005 he founded The Private Bank of California, a concierge bank catering to high-net-worth individuals and companies in the business management, entertainment and real estate sectors in Los Angeles. In 2012, the highly successful Private Bank of California was sold to Banc of California where he headed the Private Banking Division specializing in providing discerning clients a high-touch banking experience. Richard is passionate about charitable causes and is Vice Chair of the Board of Directors of Zimmer Children's Museum in Los Angeles. He is a recipient of their Discovery Award, presented to extraordinary leaders in their fields and communities.

Jerry Suppa, Director 
Mr. Suppa is a former trial lawyer and has represented financial lending institutions for in excess of 35 years. He currently serves as a Judge Pro Tem for the San Diego Superior Court and is a resident of Rancho Santa Fe. In 2006, Mr. Suppa was the Founding Chairman of Embarcadero Bank which became Coronado First Bank in 2011 and then later became San Diego Private Bank in 2013.

Mr. Suppa earned a BBA in Accounting (Loyola University), a J.D. Degree (USD), and was admitted to the California Bar in 1975.

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