Steve Buster Named New Chairman of the California Bankers Association

Press release Liz Freeman

SACRAMENTO – The California Bankers Association (CBA) today announced that Steve Buster, president and chief executive officer of Mechanics Bank, based in Richmond, will serve as the 2011-2012 chairman of the board of directors for California’s largest banking trade association.

Mechanics Bank is the largest bank headquartered in Northern California’s East Bay region. The bank serves tens of thousands of consumer and business clients in Alameda, Contra Costa, El Dorado, Marin, Napa, Placer, Sacramento and San Francisco counties.

“The CBA is honored to have Steve Buster serve as our chairman of the board this year,” said Rodney K. Brown, president and CEO of CBA. “He is an accomplished banker, and the association and California banking industry will benefit substantially from his volunteer leadership and effective advocacy skills.”

“It’s an honor to have been selected to chair the CBA,” said Buster. “This is a critical time for the banking industry. Our first priority should be to restore the trust and confidence we previously enjoyed. I look forward to working with my colleagues to better educate the public about the integral role our industry plays in promoting economic growth and prosperity.”

Before joining Mechanics Bank, Buster was with U.S. Trust Company, where he was managing director responsible for all Western United States banking activities. His 35-year career in banking includes five years in London with First Interstate Bank’s International and Capital Markets Group and five years in Singapore with London-based Standard Chartered Bank. As group manager of Standard Chartered Bank, Buster directed the activities of 700 banking officers and 3,000 total staff throughout the Asia Pacific region. He began his banking career with First Interstate Bank, where he served in numerous capacities, including chief credit officer (International and Capital Markets), real estate, corporate banking and as general manager in London prior to the sale of the wholesale bank to Standard Chartered.

Buster also has demonstrated his leadership through his commitment and service on a range of CBA committees, including the CBA State and Federal PAC Committees, Dues Task Force, Mortgage Solutions Task Force, and the CBA board of directors and executive committee.

About the CBA

Established 120 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant educational and legislative solutions to some of California’s more pressing financial and banking issues, including adult financial empowerment, identity theft, financial privacy, and financial elder abuse. CBA’s membership includes nearly 200 of California’s commercial, industrial and community banks and savings associations. For more information, visit www.calbankers.com.