Alvin C. Rice
President

Before fulltime involvement with BanX in 2001, Mr. Rice was Vice Chairman of Merchant’s Group International, Inc., a private merchant bank located in San Francisco. He joined MGI in 1999.

Al Rice’s career in banking, investment banking, and commercial business management has spanned over 40 years. His 25-year career at Bank of America began with a BofA training program and culminated with his appointment as the Vice Chairman of the Board in charge of the Bank’s worldwide commercial banking activities. Subsequently, Mr. Rice served as Chairman of Los Angeles–based Imperial Bank; Chairman and investor in Bansure Insurance Services, Chairman of American Interstate Bank (where he managed a turn-around of that failing institution); and Chairman of First National Bank of Marin. In addition to serving on the boards of Bank of America, Imperial Bank, First National Bank of Marin and American Interstate Bank, Mr. Rice served as a director of Memorex Corporation, Fairchild Camera & Instrument Co., Tandem Corporation, Montreal Trust Company, and U.S. Wireless Data, Inc., The San Francisco Museum of Modern Art and the Stanford University’s Major Gifts Committee.

A.C. Rice is a Cum Laude and Phi Beta Kappa graduate of Stanford University where he received a B.A. in Economics. He attended the Graduate School of Banking at the University of Wisconsin and the Advanced Management Program at Harvard University.

Joseph W. Waechter
Chairman of the Board

Prior to his association with BanX, Mr. Waechter was also a director of Merchants Group International in San Francisco beginning in 1998. From 1972 through 1987, Mr. Waechter held several management positions with DHL worldwide Express, including President and Chief Executive Officer from 1983-1987. Following his tenure at DHL, Mr. Waechter was Chairman and CEO of United Micronesia Development Association, Inc., managing its portfolio of operating companies in tourism, telecommunications and airline industries. He was a director of Continental Micronesia Inc., and Chairman and CEO of Danao International Holdings, a developer of golf, hotel and resort projects in Vietnam.

Joe Waechter currently serves on the boards of: Danao International Holdings, Onflow Corporation, Varsity Logistics, California Linear Devices, Real Media and The Larry L. Hillbloom Foundation. He is also the Managing Partner of Sunra Capital Holdings, Ltd., a Bermuda based investment firm.

Mr. Waechter received a BA degree from San Francisco State University.

Susan C. Rice
Secretary - Treasurer

Mrs. Rice was formerly the Executive Director of Alexander Valley Winegrowers, Inc., a Sonoma County, Ca. association of grape growers and wineries. Mrs. Rice’s business career began in 1970 as an Account Executive with Conti-Commodity Services, a division of Continental Grain. Following a term as Deputy Treasurer of Colorado, she worked for Salomon Brothers (San Francisco) specializing in sales of investment instruments to cities, states, and counties in the Western US. Subsequent affiliations have been with The Jordan Winery (Sonoma County - marketing) Imperial Bank (focusing on investment management for Corporate Pension Plans and Labor Unions) Montgomery Securities (San Francisco -Corporate Finance Group/Private Placements) Bansure Insurance Services (investor & management-insurance brokerage and agency using internally developed automated systems for the underwriting and delivery of auto insurance) and California Bancorp Systems (investor & management of business which originates and funds sub-prime auto loans for auto dealers throughout the US)

Mrs. Rice, a graduate of the University of Colorado, served as a Trustee of Colorado Women’s College in Denver, Children’s Hospital of San Francisco (now California Pacific Medical Center) and Luther Burbank Center for The Performing Arts (Santa Rosa, CA).

Robert B. Moore
Director

Currently President and CEO of Rechina Pacific, the largest producer of finished leather in China providing leather to the automotive, footwear, luggage and garment industries worldwide. 2000-2008 President and CEO of Prime Tanning, the largest producer of leather in North America.  1998-2000 President of IUSA, a large Mexican conglomerate.  Successfully employed by IUSA to fill a large factory producing shoes principally for US shoe brands. 1992-1997 President of Sperry-Topsider and Tommy Hilfiger Footwear. Managed the “turn around” of Sperry Topsider and with Tommy Hilfiger, introduced the most successful new men’s branded footwear of the 1990’s according to Footwear News.  1984- 1992 rose from V.P. Marketing to President of Bostonian Shoes managing a major turnaround that brought Bostonian Shoes back to profitability following years of lackluster performance. 

Affiliations include:  Young presidents Organization (1987 – 2000), The Country Club and the Bohemian Club.