DURHAM – Pacific Western Bank, which acquired Durham-based Square 1 in 2015 then dropped that name and rebooted its venture banking team, unveiled a new lineup of executives including a leader who is based in Durham.
Jason Kranack is executive vice president and head of Tailored Solutions and will operate out of Durham, PacWest announced Wednesday.
The bank also is hiring in Durham, posting several open positions via LinkedIn.
Kranack, the former executive vice president and head of human resources for Square 1, had been executive vice president, banking and operations since 2016.
The bank also remains committed to venture funding as noted in a recent newsletter that cited two investments in the Triangle (Precision Biosciences in Durham and Percona in Raleigh) as examples.