SD Private Bank adds Rady, Mercardante to board

Ernest Rady and Frank J. Mercardante have joined the board of directors of San Diego Private Bank, which has offices in La Jolla and Rancho Santa Fe.

A businessman known for his philanthropic endeavors, Rady’s participations in the community include the Rady Children’s Hospital and the UCSD Rady School of Management. He is the founder and current chairman of the privately held American Assets Inc., a conglomerate that controls businesses that include financial services, investment management and real estate.

Mercardante — who has more than 44 years of executive-level experience in the financial-services industry — most recently was president and CEO of Discovery Bancorp in San Marcos and has managed institutions that range in asset size from startup to $6.5 billion.