CalPrivate Bank, a San Diego-based private banking institution, has appointed Andra Frazier as its chief credit officer, effective immediately.
Frazier joins CalPrivate Bank with more than 22 years of experience in commercial banking and credit risk management, according to a statement from the bank. She previously held senior credit roles at institutions including Union Bank and Rabobank, where she specialized in underwriting, portfolio management and risk assessment.
The appointment underscores CalPrivate Bank’s focus on strengthening its credit oversight amid a challenging lending environment marked by rising interest rates and economic uncertainty. The bank, which serves high-net-worth individuals and businesses, did not disclose additional details about Frazier’s responsibilities or reporting structure in its announcement.
CalPrivate Bank is a subsidiary of Pacific Premier Bancorp, a publicly traded bank holding company listed on the Nasdaq under the ticker PPBI. The bank operates primarily in California, offering private banking, wealth management and business lending services.
Frazier’s hiring follows a period of expansion for CalPrivate Bank, which has grown its loan portfolio and client base in recent quarters. The bank has not provided a timeline for when Frazier will assume full operational responsibilities in her new role.
