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>> THE RIVER Latest News

MAR 01, 2013 - Washington Business Journal

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Community 1st Bank adds former River City president to board

Longtime bank executive Peter Raffetto joined the board of directors of Auburn-based Community 1st Bank. Raffetto was the high-profile president of River City Bank in the 1970s through the early 1990s. In 2001, Raffetto launched startup Calnet Business Bank which used advanced technology and worked in stored value cards and in online banking tied to extensive record-keeping. Calnet was sold in a $40 million deal to Commercial Capital Bank. Raffetto retired from that bank in 2006. “This is an…

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