Center Financial Appoints Interim CFO
June 09, 2010 08:33 PM Eastern Daylight Time
LOS ANGELES--(EON: Enhanced Online News)--Center Financial Corporation (NASDAQ: CLFC) today
named Douglas J. Goddard, 58, interim chief financial officer of the company and its wholly owned subsidiary,
Center Bank, effective June 10, 2010. He will serve until the Bank completes its search for a permanent CFO.
Goddard joins Center Financial with more than 25 years of experience in financial reporting for the commercial
banking sector. Most recently, he performed financial management consulting engagements for community banks.
Projects involved the integration of financial functions of combining banks in an FDIC-assisted transaction, including
the development of the required accounting for those loans acquired as part of the transaction, as well as the
implementation of financial systems and reporting enhancements. From 1997 through 2009, Goddard served as
executive vice president and chief financial officer of the former First Federal Bank of California, a multi-billion dollar
bank that was based in Los Angeles. During his tenure, he was responsible for finance, treasury, investor relations,
accounting and information technology and completed two whole bank acquisitions. He also was involved in several
other bank acquisitions in his prior positions at California United Bank in Encino and Community Bank in Pasadena.
Goddard began his professional career as an auditor in 1974 at KPMG LLP. A certified public accountant,
Goddard earned his bachelor’s degree in economics and accounting from Claremont McKenna College, where he
graduated cum laude with departmental honors.
“We are very pleased that Doug is available immediately to help Center Bank during this important transitional
period,” said President and Chief Executive Officer Jae Whan (J.W.) Yoo. “In addition to bringing a wealth of
experience directly in our core market of Southern California, Doug’s past involvement with multiple bank
acquisitions is