Movers & Shakers: Andy Nakahata, Chuck Murphy, & Brett Stacey
October 2, 2025
by Bob Coleman
Founder & Publisher
Movers & Shakers: Andy Nakahata, Chuck Murphy, & Brett Stacey
IBank Announces Andy Nakahata as New Executive Director and CEO
“Scott Wu’s visionary leadership has been instrumental in shaping IBank into a powerful engine for economic growth and innovation across California,” says Andy Nakahata. “His unwavering commitment to public service has set a high standard. As I step into this role, I do so with respect and gratitude for the high bar Scott has set, and I look forward to carrying that legacy forward.”
The California Infrastructure and Economic Development Bank (IBank), part of the Governor’s Office of Business and Economic Development (GO-Biz), announces the appointment of Andy Nakahata as its new Executive Director and Chief Executive Officer. Nakahata succeeds Scott Wu, who has led IBank since 2019.
Nakahata, who has served as IBank’s Chief Deputy Executive Director/COO since March 2025, brings more than three decades of experience in public finance, investment banking, and infrastructure development to his new role. Nakahata previously held senior roles at firms including Goldman Sachs, J.P. Morgan, Citigroup and UBS Securities, where he advised public agencies and governments on infrastructure financing strategies.
Under Scott Wu’s leadership, IBank expanded its role in financing critical infrastructure, small business recovery, and climate resiliency across California. Wu led IBank through unprecedented growth and to consecutive record-breaking years.
“I am proud of the IBank team and thoroughly enjoyed my time as Executive Director/CEO,” says Scott Wu. “I was committed to leaving IBank in the best possible position for success and with Andy Nakahata at the helm, I believe that time has come. We are thrilled to welcome Andy as IBank’s next CEO. His vision, financial acumen, and deep understanding of California’s infrastructure needs make him uniquely qualified to build on IBank’s success.”
Chuck Murphy Joins Harvest as Vice President, Business Development Officer
Harvest proudly welcomes Chuck Murphy as our new Vice President, Business Development Officer. Chuck, a Texas native, brings more than 23 years of lending experience to his new role in commercial finance. After working his way through Stephen F. Austin University, Chuck launched his career in residential mortgages and went on to excel at a Fortune 500 company and several leading mortgage firms. Recognized nationally as a top market mover, he has been featured in Forbes, Fortune, and Texas Monthly for five consecutive years.
Now shifting his focus from residential to commercial lending, Chuck continues to build on his track record of helping clients achieve their financial goals. Beyond work, he has been married for 18 years, is a proud father of three, and enjoys coaching youth sports, summers at the lake, and skiing in the winter.
Brett Stacey Returns to Wells Fargo Bank as Vice President, SBA Lending
Brett Stacey has rejoined Wells Fargo Bank as Vice President of SBA Lending, serving the Dallas–Fort Worth Metroplex with one of the nation’s most established financial institutions. In this role, Stacey specializes in government-guaranteed and commercial lending programs, overseeing packaging and underwriting while coordinating with credit, escrow, legal, and closing teams.
This marks a return to familiar ground for Stacey. From 2012 to 2018, he served as Vice President of SBA Lending at Wells Fargo in Plano, Texas, where he ranked #1 in the Southern States region for loan volume and revenue in 2017 and earned Sales Performance Awards in 2015 and 2017.
Following that tenure, Stacey built an extensive SBA lending career across multiple institutions. At First Citizens Bank, he was the #1 external sourced leader in 2021; at Hancock Whitney, he led the nation in external loan production in 2023; and at Great Plains Bank, he launched the SBA division and drove a 200% increase in loan production during the first half of 2025.
In announcing his return to Wells Fargo, Stacey expressed enthusiasm for continuing to serve the business community under a trusted nationwide lender and contributing to the company’s long-standing legacy of customer service dating back to 1852.