ROSEVILLE, Calif., Oct. 7, 2015 — Rabobank N.A. has appointed Mark Borrecco as the California bank’s next president and CEO effective Dec. 1. He will succeed John Ryan, who announced he will retire at the end of the year.
Borrecco, 43, is Rabobank’s current chief retail banking officer and oversees all aspects of retail and business banking, mortgage lending, trust services, and Community Reinvestment Act initiatives. Joining the bank in August 2011, he sits on its board of directors, and on committees focused on compliance, credit and other core functions.
“Mark has been instrumental in helping create and drive the bank’s long-term vision and growth in California,” said Sander Pruijs, chairman of the board for Rabobank N.A. “We are confident that the bank will continue to build on its accomplishments under his leadership.”
Prior to Rabobank, Borrecco was national retail sales manager for Bank of the West. Earlier in his banking career, the native Californian held leadership positions at several financial institutions including Wachovia and World Savings.
“We have a team dedicated to excellence and who put our customers at the forefront of everything we do as a bank,” Borrecco said. “As we continue to work together, I am honored and very excited about what lies ahead for Rabobank.”
Active in his community, Borrecco is executive director of the American Heart Association’s Go Red for Women annual benefit event in Sacramento.
Borrecco holds a bachelor’s degree in economics from California State University in Fresno.
About Rabobank, N.A.
Rabobank N.A., a unit of Rabobank Group, is an award-winning bank known for community focus and personalized service, providing a wide range of financial products and services for individual, business, and food and agribusiness clients. Headquartered in Roseville, Calif., and with $15 billion in assets, the bank’s more-than-100 branches, multi-function ATMs, and innovative online and mobile banking services empower customers to bank when, where and how they want. Rabobank has more than 1,600 employees who take pride in helping to improve their communities personally and professionally. www.rabobankamerica.com.
About Rabobank Group
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded more than a century ago, Rabobank today is one of the largest banks in the world, with nearly $1 trillion in assets, and ranks among the 10 safest banks globally.