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Nano Banc Appoints New CEO, Board Chairman and Board Vice Chair

July 29, 2022, 07:00 AM
Filed Under: Banking News
Related: Banking News

Nano Banc announced the appointment of R. Scott Racusin as chief executive officer (CEO), Mary Lynn Lenz, as chairman of the board and Steven K. Buster, as board vice chair. The new additions will play an integral role in Nano Banc’s strategic plan to meet the growing needs of its customers as well as champion a better banking experience at all levels of the organization.

Racusin brings more than 39 years of experience in risk management, regulatory relations and banking technologies to Nano Banc. Racusin is best known for his deep-rooted expertise in building and launching new operations and markets while fostering environments of engagement and autonomy. As an expert in building private and national banks from the ground up to ensure regulatory obligations are met, Racusin will provide a fresh perspective and leadership direction as the new CEO.

Lenz has an impressive track record of building value for investors through winning strategies in public and privately held commercial and retail banks for over four decades. A powerhouse in rebuilding financially and regulatory-troubled banks, Lenz is a leading banking professional who has led executive positions in community banks in California, Arizona and Massachusetts. Lenz’s passion for community, achieving growth goals and overall understanding of new banking technologies make her a powerful chairman of the board.

Buster brings a 35-year career in banking, including 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. In 1999, Buster committed to a two-year assignment as chief operating officer for the Los Angeles County district attorney. Buster’s 14 years of experience as a community bank CEO and his perspective in guiding high-growth companies will give the board valuable insights as board vice chair.

“I believe in Nano Banc’s potential to deliver a premier community banking experience for customers and shareholders alike,” said Racusin, Nano Banc CEO. “The past is behind us, and the future looks bright as the new Board and I aggressively focus on forging a new future.”

Earlier this year, Nano Banc also announced the following board members:

Lynn McKenzie-Tallerico has over 40 years of experience in the banking industry. She served as National Advisory Partner for Regional and Community Banks FOR KPMG LLP, helping to coordinate all advisory services to one of the largest industry segments, such as strategy and finance. McKenzie-Tallerico is mostly known for her strategic expertise in lending, bank operations, financial operations, risk management and internal controls. She served on the board of CASA Los Angeles where she was a member of the executive committee and chair of the audit and risk committee.

Jim Gray began his business career in the automobile business. He sold his last dealership in early 1991 and co-founded Harbor Bank, headquartered in Long Beach, California in 1974. He served as chairman of the board and CEO from 1976 until the sale of Harbor Bank to City National Bank in early 1998. Gray also founded Generations Trust Bank and served as chairman until its sale to Union Bank in 2002. Upon spending time in Coachella Valley, Gray was appointed to fill out a term on the Desert Community College Board of Trustees and was re-elected for another term that concluded at year end 2006.

The newly appointed board will focus on developing a new, thriving infrastructure to support Nano Banc’s efforts in offering unparalleled services and world-class technology to its customers.

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