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Wayne B. Standback, Banking Chief Executive Passes Sunrise: October 22, 1955 Sunset:Â October 13, 2009
The banking community lost one of its most valuable assets, Wayne B. Standback, 53, on the evening of October 13, 2009. His sudden passing from a massive heart attack leaves the Broadway Federal family and the community it serves at an indescribable loss.
After a stellar 16-year career in banking, Standback begin his nine-year journey at Broadway Federal as a Branch Manager in March 2000. Six years later, he was promoted to Vice President and Director of Wealth Management. Standback known for his presence in the community and the ability to increase company savings by the millions, he landed in the position of Chief Retail Banking Officer at the beginning of 2009. He supported the rotary clubs in Commerce and Inglewood and the Inglewood Black Hawks football franchise.
"Wayne had a special skill of training and mentoring employees, and he was gracious and giving of his time and money to build team spirit and friendships, " said Paul C. Hudson, chairman and chief executive officer for Broadway Federal. "I remember that you could always count on Wayne to be straight forward and honest with you, and often he was the first call you made when you needed advice and counsel."
"Nine years can seem like a minute when we lose a friend," Hudson added. "Our prayers go out to his family and friends". Broadway Federal, the only African American-owned and operated banking institution in Southern California, garnered a 13th ranking by the Los Angeles Business Journal for most profitable among 30 other Los Angeles based banks.
A native of Queens, New York and long-time resident of Culver City, California, Standback envisioned a career in finance. After 5 years with Chase Manhattan Bank in New York, the graduate from Queensboro College set his sights on bigger opportunities on the West Coast. He moved to Los Angeles in the mid-80s.
Standback continued his ascent in the banking industry and was hired by Great Western Bank in Northridge, California as the Regional Operations Manager and in a few short years moved to Community Federal Bank in Orange, California as the Assistant Vice President, Corporate Banking Division. An advocate of continuing education, he enrolled at UCLA, where he earned a professional certificates in financial management, corporate management strategies of real estate investments. Following, he attended the Institute of Financial Education and West Los Angeles College.
In 1987, Standback joined First Federal Bank of California in Santa Monica as the Vice President, Retail Branch Manager when his current employer Home Federal Savings and Loan was undergoing an acquisition. "Wayne was the idea candidate to merge the two banks and continue to build the franchise," said James P. Giraldin, senior executive vice president and chief operating officer. During his tenure at First Federal, Standback supervised a 25-branch sales team with a developed asset/liability base of $100 million.
A devoted son, Standback is survived by his parents, Alex and Clarice Hamer, his father Robert Standback, a brother Eric, sister-in-law Jennie, nephews Kyle and Rashid, nieces Quinn and Candace, other family, friends and his beloved fiancÅ½e Iris Land. Services will take place at Inglewood Park Cemetry on October 17 at 2 p.m.