Ronald Oliveira

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Ronald Oliveira
Ronald Oliveira.jpg
Born (1955-10-23) October 23, 1955 (age 68)
Livermore, California, US
Alma mater California State University, Fresno
Modesto Junior College
OccupationBusinessman
Known forFormer CEO, Revolut USA
TermAugust 2022 - present
Children1

Ronald Oliveira (born 23 October 1955) is an American businessman, the former CEO of Revolut USA, and the former President of Avidbank.

Contents

Previously, he worked in senior management positions for several financial institutions. Oliveira was CEO of Revolut USA, the President and Chief Operating Officer at Heritage Oaks Bank, Senior Vice President of Rabobank National Association, and the former President and Chief Credit Officer of Avidbank. [1]

He also held executive positions in credit administration, commercial lending, and retail banking for Union Bank and the Bank of California with responsibilities of Northern California, Oregon, Washington, and Guam/Saipan. [2]

Early life and education

Oliveira was born and raised in Livermore, California. He received his Bachelor of Science in Agribusiness from Fresno State University and is a graduate of the Pacific Coast Banking School at the University of Washington Foster School of Business. [3]

Business background

Rabobank

Oliveira was senior vice president at Rabobank for two years from 2008 to 2009 where he assisted with its expansion in the Midstate region of California. [4] [5]

Heritage Oaks Bank

In August 2009, Oliveira joined Heritage Oaks Bank as Executive Vice President, Chief Operating, and Chief Credit Officer. [6] In 2010, Oliveira became President of Heritage Oaks Bank where he worked to improve credit quality and returning the bank to profitability. [3] [7]

Avidbank

In September 2013, Oliveira became the President and Chief Credit Officer of Avidbank. [8]

Revolut

In 2019, Revolut hired Oliveira as new CEO of Revolut USA. [9] [10] [11] In February 2020, Oliveira participated in a funding round raising $500MM of private capital from FinTech equity funds. [12] He was also engineered Revolut's official public entry into the US with a truly global, digital-first platform and established the organization's foothold in New York, Dallas, and San Francisco. [13]

Moonstone Bank

In March 7, 2022, Moonstone Bank (formerly and latterly known as Farmington State Bank (FSB)) appointed Oliveira as the Chief Supply and Demand Officer. [13] Oliveira was responsible for leading the digital transformation of the organization into a provider of financial services to industries such as blockchain, cryptocurrencies and cannabis. [14] Alameda Research, who invested in Moonstone, was owned by the now bankrupt company FTX, which formerly operated a fraud-ridden cryptocurrency exchange. [14] Oliveria left Moonstone Bank in August 2022. [15] US federal prosecutors seized FTX-related funds from the bank in January 2023 after FTX's failure, and FSB announced that it would return to community banking. Later that year FSB agreed to sell its operations and liquidate at the insistence of federal and state bank regulators. [16]

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References

  1. ↑ "Digital Bank Revolut Appoints New US Chief Executive". www.crowdfundinsider.com. 17 March 2020.
  2. ↑ "Avidbank Names Ronald E. Oliveira Executive Vice President & Chief Credit Officer". www.businesswire.com. 25 October 2012.
  3. 1 2 Leen, S. (25 October 2002). "Avidbank names Ronald E. Oliveira Executive Vice President & Chief Credit Officer" (PDF). www.avidbank.com. Palo Alto, CA.
  4. ↑ "Heritage Oaks Bancorp Announces Resignation of CFO". www.noozhawk.com. 19 August 2010.
  5. ↑ "Rabobank employees: Harmon, Lemas, Clark, Banner, Pocock". bearsofficialsstore.com.
  6. ↑ "Unassociated Document". www.sec.gov.
  7. ↑ Bancorp, Heritage Oaks (19 August 2010). "Heritage Oaks Bancorp Announces Promotion of Ronald Oliveira to President and William Filippin to Chief Credit Officer, and the Resignation of Chief Financial Officer Margaret Torres". GlobeNewswire News Room (Press release).
  8. ↑ Baumann, G. (2013, September 5). Avidbank promotes Oliveira to president, predecessor stays on board. bizjournals.com.
  9. ↑ "A chat about challenger banking in the US with Revolut's US CEO Ronald Oliveira – Tearsheet". tearsheet.co. 28 May 2020.
  10. ↑ "Experienced Banker Ronald Oliveira Is Revolut's New CEO". 8 April 2020.
  11. ↑ "Revolut hires new US CEO ahead of launch". AltFi.
  12. ↑ "Wayback Machine has not archived that URL" – via PressReader.[ dead link ]
  13. 1 2 "FBH Corp. Raises $11.5M in private equity funding from Alameda Research Ventures". 23 May 2023.
  14. 1 2 "FBH, Moonstone Bank Raise $11.5M Private Placement - Crowdfund Insider". 8 March 2022.
  15. ↑ "Moonstone Bank | A Bank Built for Tomorrow". www.moonstonebank.com. Archived from the original on 14 December 2022. Retrieved 14 December 2022.
  16. ↑ Saulsbery, Gabrielle (18 August 2023). "Fed orders wind down of FTX-associated Farmington State Bank" . Retrieved 22 August 2023.
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