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Served in numerous executive leadership roles throughout professional career, including President & CEO, Chairman of the Board, CFO and COO, in commercial banking, with regional banks, business consulting / financial markets and a Big 4 CPA Business Consulting firm. Consistently achieves exceptional outcomes by reinvigorating sales culture to acquire new business, spending time on the field to better understand customer needs, creating and investing heavily in new advertising / marketing campaigns and carefully defining priorities and investing in internal infrastructure to execute. • SALES PERFORMANCE: Revitalized sales culture, transforming Community Bank from a transactional to consultative philosophy and achieving historically high levels of new client acquisition/revenues. Personal focus to spend 60% of time in the field to understand market issues and opportunities. Introduced comprehensive coaching / mentoring program.• BRANDING / MARKETING: Created and invested heavily in new advertising campaign that dramatically raised brand awareness levels. Defined and introduced new lines of businesses, and expanded geographical footprint into markets where the bank's products would effectively compete.• STRATEGIC PLANNING: Leadership role in developing key strategies to build and sell SBA and Residential loans to generate high margin fee income. Drove ahead-of-the-curve investment in electronic delivery of banking services anticipating the needs of a new generation.• OPERATIONAL EXCELLENCE: Defined limited number of priorities and established a measurement system to track progress of key operational executives. Invested in technology and created a solutions-based atmosphere with priority on collaboration and partnerships.• FINANCIAL MANAGEMENT: Deep financial perspective with background of holding CFO role, running a $3.2 billion financial institution as President / CEO, tax background at Arthur Anderson, and CPA credential.
Bank Of Hope
View- Website:
- bankofhope.com
- Employees:
- 798
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Director Of Bank Of HopeBank Of Hope Jul 2019 - Present -
President And Chief Operating OfficerBank Of Hope Apr 2017 - Jul 2022
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DirectorBank Of Hope Jul 2016 - Apr 2017
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Chairman Of The BoardBbcn Bank 2014 - Jul 2016With $6.5 billion in assets and $5.0 billion in deposits, serving the largest Korean community in the U.S., as well as a diverse mix of customers in over 49 full-service branches and Loan Production Offices throughout the nation.
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Co-Managing PartnerWalnut Oak Capital Partners 2014 - 2016
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Chairman Of Csun Advisory BoardCsun 2008 - 2016
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Chairman, President And CeoCommunity Bank 2008 - 2013A $3.2 billion financial institution with offices in five counties. The Bank remained profitable during the worst downturn in decades and has consistently received excellent to superior rankings from Bauer Financial, an independent rating agency. • Drove record earnings, and balance sheet growth over last 5 years with the last two years achieving record profitability. • Developed regional infrastructure resulting in double-digit growth in core business (all organic).• Ensured positive financial performance without accepting TARP (financial assistance).• Never recorded a single quarter with red ink throughout entire recession. • Increased number of commercial offices from 11 to 17 in carefully targeted market areas.• Increased full time staff from 325 to 470 while maintaining efficiency ratio at 1st quartile performance when compared to peers (profit improvement while investing in the future).• Established President's Advisory Council made up of key leaders from top 100 clients.
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Chief Operating Officer And Chief Financial OfficerCommunity Bank 1998 - 2008• Established profit center accounting and infrastructure-profit based compensation structure.• Developed comprehensive Asset Liability Management Process.• Reduced efficiency ratio from 70% to 50%.• Created SBA lending program, and achieved preferred lender status. • Implemented comprehensive and fully customized, automated sales management process.• Developed performance-based, sales incentive program rewarding acquisition of new business.• Established technology to track internal performance metrics for large client customer care.
David Malone Education Details
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California State University, NorthridgeAccounting
Frequently Asked Questions about David Malone
What company does David Malone work for?
David Malone works for Bank Of Hope
What is David Malone's role at the current company?
David Malone's current role is Director of Bank of Hope.
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What schools did David Malone attend?
David Malone attended California State University, Northridge.
Who are David Malone's colleagues?
David Malone's colleagues are Jun Kim, Jihee Kim, Peter Kang, Kristina Ramirez, Brendon Sebastian, Jukyung Han, Hyelim Choe.
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