Our executive team is focused on the bank's best interest.
Industry experience and creative vision drive this group.
Steven Sugarman
President and Chief Executive Officer
Steven A. Sugarman is an accomplished entrepreneur, investor, executive leader and philanthropist. Mr. Sugarman has built multiple innovative, purpose-driven businesses and expanded financial services through direct originations, investments, and strategic partnerships. Mr. Sugarman founded and served as the Chief Executive Officer of Banc of California (NYSE: BANC), Patriot National Bancorp (NASDAQ: PNBK), The Change Company CDFI, and the holding company of COR Clearing. In recognition of his leadership, Mr. Sugarman was named a Banking and Finance Visionary by the Los Angeles Times in 2025.
Mr. Sugarman currently serves as the Board Chair, President, and Chief Executive Officer of Patriot National Bancorp (NASDAQ: PNBK), the bank holding company for Patriot Bank, N.A., based in Stamford, Connecticut, where he is also the President and Chief Executive Officer. Mr. Sugarman was brought on to lead Patriot’s strategic restructuring efforts in 2025.
In 2017 Mr. Sugarman founded The Change Company, a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury and the State of California. The Change Company is dedicated to offering fair and responsible lending to underserved people and communities across America. Change has deployed over $10 billion to low and moderate income borrowers since its inception. Today, The Change Company partners with over 75 banks, insurance companies, asset managers, and socially responsible corporations. The Change Company delivers its proprietary technology, lending, and banking products through over 1,000 non-bank partners. At The Change Company, Mr. Sugarman earned numerous accolades, including Best CEO for Diversity and Best CEO for Women.
At Banc of California, Mr. Sugarman served as Board Chair, Chief Executive Officer, and President until 2017. Under his leadership, Banc of California was recognized as one of Forbes Magazine’s Top Banks in America, listed among Fortune Magazine’s Fastest Growing Companies, and became the largest independent bank in California to receive an “Outstanding” rating for Community Development from the Office of the Comptroller of the Currency.
Mr. Sugarman pioneered Banc of California’s award-winning financial literacy initiative in collaboration with nonprofit, community, and faith-based organizations throughout Southern California. In 2014, alongside President Bill Clinton and Mayor Antonio Villaraigosa, Mr. Sugarman helped set two Guinness World Records for the world’s largest financial literacy event.
In 2011, Mr. Sugarman led the recapitalization of COR Clearing, a securities clearing firm, serving as Board Chair and CEO of its holding company until its successful sale to Axos Bank in 2019. Mr. Sugarman is also the founder and Managing Member of COR Capital, and was a founding Partner of GPS Partners, a $2 billion investment advisory firm.
Mr. Sugarman serves as Of Counsel to Michelman & Robinson LLP, advising clients in the Banking and Financial Services sectors. From 2017 to 2020, he served as General Counsel of the National Diversity Coalition. He is an active board member of Los Angeles Team Mentoring (LATM), and was honored with the LATM Keystone Award in 2014. Mr. Sugarman was recognized by the National Diversity Coalition and National Asian American Coalition with the 2015 Giraffe Award for public service leadership.
Earlier in his career, Mr. Sugarman worked as a management consultant for McKinsey & Company and at Lehman Brothers. He is the co-author of The Forewarned Investor: Don’t Get Fooled Again by Corporate Fraud (Career Press) and is a graduate of the Yale Law School and Dartmouth College.
https://www.linkedin.com/in/stevensugarman/
https://stevenalansugarman.com/
Carlos P. Salas
Executive Vice President and Chief Financial Officer
Mr. Salas has more than two decades of experience in finance, law, and executive leadership, specializing in building financial services and operating businesses.
Since 2019, Mr. Salas has served as President and a member of the board of directors of The Change Company, an investment holding company operating lending and capital markets businesses focused on serving underbanked borrowers, and as Chairman of its subsidiary mortgage lender Change Lending LLC. Mr. Salas has also led certain of The Change Company subsidiaries as Chief Executive Officer, including Change Lending, LLC from 2021 to April 2025.
From 2012 to 2019 Mr. Salas served as President and Chief Executive Officer of national securities clearing firm Axos Clearing LLC (previously COR Clearing LLC) and Chief Financial Officer of its parent company until their successful sale to Axos Financial, LLC. In 2016 and 2017 Mr. Salas served as Executive Vice President and Chief of Staff of Banc of California, Inc. (NYSE: BANC) and its subsidiary bank. From 2004 to 2010, Mr. Salas was a co-founder of Dolphin Advisors, L.L.C., which managed a private-equity investment fund focused on middle-market opportunities, and served on various public boards of directors of its portfolio companies.
Before joining Dolphin Advisors, Mr. Salas was an investment banker with Donaldson, Lufkin & Jenrette, Inc. (“DLJ”) in their Los Angeles office.
Prior to joining DLJ, Mr. Salas practiced law with Cleary, Gottlieb, Steen & Hamilton in New York. Mr. Salas earned his Bachelor of Arts degree from NYU and his Juris Doctor from University of Chicago Law School.
Angie Miranda
Executive Vice President and Chief Risk Officer
Ms. Miranda joins the Bank from The Change Company CDFI LLC where she has served as Chief Risk Officer and BSA Officer since 2018. She served as Chief Risk Officer of Change Lending, LLC fka Commerce Home Mortgage from September 2018 until August 2023. Prior to these roles, Ms. Miranda was a National Bank Examiner in the Western District of the Office of the Controller of the Currency – U.S. Department of the Treasury from July 2011 until August 2018 with responsibility for on-going supervision and monitoring of large community banks in Southern California.
From July 2007 through July 2011, she served as a Federal Thrift Regulator in the Office of Thrift Supervision, U.S. Department of the Treasury.
Ms. Miranda earned a B.S. Business Administration – Corporate Finance & Real Estate Finance from the Marshall School of Business at the University of Southern California.
Mr. Simmons has over 35 years of banking and financial services industry experience, including leadership roles with Citigroup, GE Capital, Apollo Real Estate Advisors, and Zions Bancorporation.
He served as Chief Credit Officer for two publicly held banks prior to joining Sunwest Bank.
He received his Bachelor of Science degree from Brigham Young University and an MBA from the University of Rochester, Simon School of Business
Patriot Bank is a full-service financial institution with Connecticut branches in the counties of Fairfield and New Haven, as well as in Scarsdale, New York.