In one of a series of management...

In one of a series of management moves at 18-month-old California City Bank in Orange, Richard Cordova, formerly executive vice president of Eldorado Bank in Tustin, has been named president and chief executive.

Cordova, 45, will fill the post vacated by California City’s founding president, Robert D. Hoyt, who has been named chief executive of the federally chartered bank’s holding company, California City Bancorp. Hoyt, 60, formerly had been president and chief executive of the bank and president of the holding company.

California City co-founder Roger Hobbs, an Orange real estate developer, remains chairman of the boards of both the bank and the holding company, but has stepped down as chief executive of California City Bancorp to devote more time to his other business pursuits, bank officials said.