A team of dedicated business professionals committed to providing exemplary, full-service banking to the small businesses, professionals and consumers of Scottsdale and surrounding communities.

The Board of Directors are members of the community in which the bank will operate, either owning a business or residing in our market area. They are committed to bringing the term “personal” back to banking relationships with clients in our market. Too often, that personal service is lost when a community bank is acquired by another financial institution.

Each member of the management team has 15+ years of banking experience. Our expertise enables us to deliver products and services tailored to the individual needs of our clients.

The bank intends to employ the latest technology and delivery systems to enhance the overall banking experience. Furthermore, as a client of the bank, you will have access to management to discuss your banking needs on both a business and personal level.

When asked by others why our clients bank with us, we believe they will say “ Because I am treated as if I’m their only customer”.

Michael S. Morano
Michael Morano will serve Scottsdale Business Bank (In Organization) as the President and Chief Executive Officer. He previously served as president and chief executive officer of Sunrise Bank of Arizona. Sunrise Bank is a $120 million high-performing financial institution that operated multiple offices in Scottsdale and Phoenix. Mr. Morano joined Sunrise Bank in April 2004 and successfully re-built and re-tooled the bank into a highly efficient bank. He was directly responsible for an improved bank culture and the identification of 27 new employees within the initial 18 months of his oversight. He also reconstituted the board of directors with businessmen that represented a cross section of the business community. Over time Mr. Morano diversified Sunrise Bank of Arizona’s asset base from an SBA focused provider to an efficient multi profit center bank that specialized in commercial real estate lending, commercial and residential lending as well as, government backed lending. Under Mr. Morano’s tutelage, Sunrise Bank of Arizona achieved its three most profitable years in the bank’s eight-year history.

Mr. Morano is a relationship oriented president and has a strong core following of bank clients. He has demonstrated throughout the years that his style of responsiveness and attention to client needs fosters loyalty. Mr. Morano has a core following of 50 clients that have followed him from bank to bank and have brought depository and lending opportunities to the institutions in which he has served.

Mr. Morano’s former banking experience includes positions as Chief Credit Officer of BankUSA from 2001 to 2004 and Vice President/Commercial Lender with Rocky Mountain Bank from 1998 to 2001. His professional banking career commenced as a safety and soundness bank examiner with the Federal Deposit Insurance Corporation; achieved commissioned status. Mr. Morano has been a resident of the Scottsdale and Phoenix market for the past 28 years and has been involved in local banking for the past 17 years. He holds a Bachelor of Science in Business Administration (finance) from Northern Arizona University as well as an MBA from Arizona State University. Mr. Morano serves on the Board of Junior Achievement Arizona and is an advisory member to the School of Global Management at Arizona State University.

J. Douglas Sherman
Doug Sherman will serve Scottsdale Business Bank (In Organization) as the Chief Credit Officer. Mr. Sherman has more than 35 years of experience in the banking industry. He has played key roles in the development of two previous de novo institutions. Mr. Sherman served as Chief Credit Officer at West Valley National Bank from June 2007 to August 2007, Executive Vice President and Chief Credit Officer at Plaza Bank in Irvine, California from July 2005 to February 2007, Chief Credit Officer at Sunwest Bank, in Tustin, California from June 2003 to July 2005, Regional Vice President for Pacific Century Bank in Ontario, California from 2000 to 2002, and Regional Vice President of Tokai Bank in Ontario, California from 1996 to 2000, where he was responsible for the complete development and initial management of the office for three years.

Mr. Sherman was a part of Sunwest Bank, a $130 million community bank headquartered in Tustin, California, filling several different roles including Vice President and Manager of Special Assets, Senior Credit Officer, and Executive Vice President and Chief Credit Officer. Prior to this, he worked for Bank of America NT & SA for 21 years, holding various positions of increasing responsibility, including operations officer, auditor, manager of a de novo office, area credit administrator, credit administrator for regional corporate banking groups, Vice President and Commercial Banking Manager, and Vice President and Senior Account Executive.

John D. Boyd
John Boyd will serve Scottsdale Business Bank (In Organization) as the Chief Financial Officer. Mr. Boyd previously served with American Airlines Federal Credit Union in a variety of capacities, including Chief Financial Officer, President and Director from 1994 through 2002 of AAFCU Financial Services Corporation, an investment subsidiary of the Credit Union, offering stock, mutual funds and insurance to Credit Union members, and general auditor of AAFCU from 2002 through 2007. AAFCU is a $4 billion dollar financial institution with over 40 branch offices located from San Juan, Puerto Rico to Hawaii. Mr. Boyd also directed collections, credit counseling and fraud research and education.

In addition to his credit union experience Mr. Boyd’s former banking experience includes positions as corporate controller/chief financial officer for several Phoenix-area savings and loan associations. His professional career began as an auditor with the company of Deloitte & Touche.

Mr. Boyd was a resident of Phoenix for the 10 years from 1980 to 1990. He currently resides in Sun City West, Arizona and Texas. He holds an MBA from Cornell University and a Bachelor of Science and a Master of Arts from Hofstra University. Mr. Boyd passed the examination for Certified Public Accountant in New York.

 Lisa G. Lerner
Lisa G. Lerner will serve Scottsdale Business Bank (In Organization) as Senior Vice President and Loan Operations Manager. Ms. Lerner previously owned and operated Enhanced Consultive Solutions, LLC, the only local lender service provider approved by the SBA Phoenix District office. Ms. Lerner’s company provided small to mid size lenders with general and SBA specific loan assistance from March 2004 to March 2008. From 2001 through 2004 she managed a team of 17 loan coordinators at the SBA operations center for BankOne and functioned in a similar capacity for Wells Fargo Bank from 1999 to 2001. Lisa and her husband also owned RLC Financial Corporation, an asset based lending company, from 1990 through 1997.

Frank A Smith
Frank A. Smith will serve Scottsdale Business Bank (In Organization) as the Vice President of Retail Operations. Mr. Smith comes to the bank with 8 years of banking experience focused in bank operations. He started his banking career after graduating high school in Indiana with National City Bank working as a proof operator and running check sorters. He went on to pursue a degree in English Literature and graduated from Arizona State University in 2002. Mr. Smith then moved to Flagstaff Arizona where he continued his banking career with First State Bank of Flagstaff from July 2003 through November 2006. After being hired at an entry level position he soon ran the small in-house operations department and was promoted to Assistant Vice President of Operations before moving back to the valley in November of 2006. At that time Mr. Smith took the position of Assistant Vice President of Operations at West Valley National Bank, a de novo financial institution that opened its doors for business in December of 2006. Mr. Smith was instrumental in the growth of deposits in the first year to over 24 million dollars with less than 2 full time employees. Mr. Smith is both BSA and NACHA certified and will serve as the bank’s Security and Compliance officer.