Karen Schoenbaum joined American Business Bank as Executive Vice President and Chief Financial Officer in October of 2017. She previously served as Executive Vice President and Chief Financial Officer of California United Bank (CUB) from October 2009 until its sale in 2017.
During her tenure with CUB the Bank’s assets grew from $456 million to over $3 billion; the growth was primarily organic yet supported by three strategic acquisitions. Ms. Schoenbaum managed investor relations, oversaw public financial reporting, the investment department and the Treasury function while maintaining the SOX/COSO internal control framework for the organization and ensuring strong corporate governance in those areas. She also oversaw the Bank’s information technology systems ensuring best practices for cyber security.
Prior to joining CUB, Ms. Schoenbaum served as Executive Vice President and Chief Financial Officer at several Los Angeles banks with assets up to $6 billion, where she was responsible for Financial and Regulatory Reporting, Accounting, Treasury Asset and Liability Management, General Services, the Corporate Real Estate department and technology. She also worked at the Big 4 accounting firm, EY, from 1985 to 1992.
Aside from her professional bank career Ms. Schoenbaum serves as a director of the University of Southern California’s Leventhal Board of Advisors, and is currently a director of the Los Angeles EY Alumni Association. In 2017 she was elected to LAUP, now known as Child360, Board of Directors; a nonprofit dedicated to early childhood education, and is also the Chair of their Finance Committee.
Ms. Schoenbaum received a B.A. in Business Administration, a M.A in Accounting, and a certificate in computer science from the University of Southern California.
