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Scott Braly Named Venture West President
Business Editors
El Segundo, Calif.-(BUSINESS WIRE) – January
28, 2004--Venture West Funding, Inc. announced today
that Scott Braly, the former President and CEO of Hawthorne
Financial Corporation and Hawthorne Savings, has joined
the firm as its president. Venture West, which is one
of the largest firms of its kind operating in Southern
California, is headquartered in El Segundo, CA and specializes
in providing apartment, single-family and commercial
mortgage loans to a wide variety of borrowers.
Mr. Braly brings extensive experience in the banking
and mortgage businesses to his new position with Venture
West. Brian Horner, a principal of the firm, said, “We
want to continue to grow our core business, as well
as expand our product offerings and geographic reach.
To accomplish these objectives, we sought, and have
found, an experienced executive to develop and implement
the necessary strategies and business plan.”
Mr. Braly previously served as the President and
Chief Executive Officer of Hawthorne Financial Corporation
and Hawthorne Savings for nearly 7 years. During his
tenure with Hawthorne, he orchestrated the Bank’s
initial turnaround from near insolvency, its initial
re capitalization and several subsequent, successful
capital-raising initiatives, and the establishment and
substantial growth of several mortgage financing businesses.
Today, Hawthorne is one of the largest community banking
organizations in Southern California.
Prior to joining Hawthorne, Mr. Braly served as the
President and Chief Executive Officer of Valley Federal
Savings and Loan, a multi-billion dollar banking organization,
and as the Chief Operating Officer and Chief Financial
Officer of Bel-Air Savings and Loan. Mr. Braly began
his professional career with the international accounting
firm of Touche Ross & Co. (now Deloitte & Touche).
Venture West Funding, Inc. was founded nearly 10
years ago, and is headquartered at 2101 Rosecrans Avenue,
El Segundo, CA (310-364-3131). The firm also maintains
a full service office at 9 Executive Circle, Irvine,
Calif. (949-475-5573).
CONTACT: Venture West Funding
Scott Braly, President
(310) 364-3131 Extension 265
Fax: (310) 943-2108
sbraly@ventwest.com
www.venturewestfunding.com
or
Santley Associates
Tom Santley
Phone or Fax (626) 441-4594
tsantley@socal.rr.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING REAL ESTATE
SOURCE: Venture West Funding
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