Michael Lundstrom, CPA
Chief Financial Officer
Professional Overview
Michael Lundstrom is an accomplished Chief Financial Officer with over 20 years of experience in the banking and financial services sectors. He specializes in driving financial strategy, managing business risk, and optimizing organizational performance. As the CFO of Cashmere Valley Bank, Lundstrom leverages his deep industry expertise to provide strategic financial leadership and contribute to the bank's continued growth and profitability.
Experience Summary
Current Role
Lundstrom has served as the Chief Financial Officer of Cashmere Valley Bank since 2018. In this role, he oversees all aspects of the bank's financial operations, including budgeting, forecasting, reporting, and regulatory compliance. He works closely with the executive team to develop and implement financial strategies that align with the bank's overall business objectives. Under Lundstrom's leadership, Cashmere Valley Bank has achieved consistent financial performance and sustained a strong market position.
Career Progression
Prior to joining Cashmere Valley Bank, Lundstrom held the position of CFO at Bank of Napa from 2009 to 2017. In this role, he was instrumental in streamlining financial processes, improving risk management practices, and driving operational efficiencies that resulted in significant cost savings. Before that, he served as a Business Risk Manager at Moss Adams, where he provided strategic advisory services to clients in the banking and financial services industries.
Lundstrom began his career as an Internal Audit Manager at The Vintage Bank and RSM US LLP, where he gained valuable experience in audit, compliance, and internal control frameworks.
Academic Background
Lundstrom holds a Bachelor's degree in Accounting from Gustavus Adolphus College. He is a Certified Public Accountant (CPA) and has consistently demonstrated a commitment to professional development throughout his career.
Areas of Expertise
- Financial strategy and planning
- Risk management and compliance
- Operational optimization and cost control
- Financial reporting and analysis
- Regulatory and industry best practices
- Leadership and team management
Professional Impact
As the CFO of Cashmere Valley Bank, Lundstrom has played a pivotal role in driving the organization's financial performance and positioning it for long-term success. Under his leadership, the bank has achieved:
- Consecutive years of revenue growth and profitability
- Improved operational efficiency and cost savings of over $2 million
- Enhanced risk management practices and regulatory compliance
- Successful implementation of new financial systems and controls
Lundstrom's deep industry expertise, strategic mindset, and collaborative approach have earned him a reputation as a trusted financial leader within the banking community.
Conclusion
With his extensive experience, strong technical skills, and proven track record of success, Michael Lundstrom is well-equipped to continue driving the financial and operational success of Cashmere Valley Bank. As the organization navigates the evolving financial landscape, Lundstrom's strategic vision and focus on operational excellence will be crucial in maintaining the bank's competitive edge and delivering value to its stakeholders.
