Meet our CEO, Scott Waite

After a deep search conducted by Marcum Search, we are proud to have hired Scott Waite as our initial start-up CEO.

Scott comes to us from a long background in the credit union industry, an American banking sector which also puts people before profit. He served for over 20 years at Patelco Credit Union as their EXP-CFO and for the last fifteen of those years, he served in dual capacity as CEO of a subsidiary corporation building its member-related investments and insurance products and services.

Since then, he has also saved and revitalized Central State Credit Union in Stockton, where he removed a 4-year federal and state regulatory oversight in 10 months, rebuilt the organization’s lending program with 28% growth, re-established the organizational morale and culture, and grew the institution’s net worth from 7.8% to 9.0%.

He also served for 15 years as an advisor to the Financial Accounting Standards Board on national financial reporting policy.

Scott brings deep financial experience, a track record with financial regulators, and a commitment to our mission to Public Bank East Bay. We consider ourselves very fortunate to have hired Scott, who will be working closely with our Bank Board candidate co-chairs, Jennifer Esteen, R.N., and Paulina Gonzalez-Brito, as well as our banking attorney, the four founding governments, local financial institutions, and supportive community organizations.