Board of Directors

Board of Directors

Victor S. Trione
Chairman of the Board

Mr. Trione serves as Chairman of the Board of Directors, a position he has held since founding Luther Burbank Savings and Loan Association in 1983. In this role, Mr. Trione brings continuity and deep historical knowledge of the Company to the Board. In addition to serving as Chairman of the Board, Mr. Trione is President of Vimark, Inc., a real estate development and vineyard management company; and co-proprietor of Trione Winery. Mr. Trione serves as Director and Chairman of the Executive Committee – Empire College; sits on the Advisory Board – Stanford Institute for Economic Policy Research; Board of Overseers – Stanford University’s Hoover Institution; serves as Trustee – Angela Merici and John Newman Foundation, Inc.; Trustee – U.S. Navy Memorial Foundation, Washington, D.C.; Director – Navy Supply Corps Foundation.

Chairman of the Board

John Biggs
Director

Mr. Biggs serves as President and Chief Executive Officer of the Company. During his 30-plus year tenure, Mr. Biggs has held the positions of Chief Financial Officer and Chief Operating Officer, before assuming his current role in September 2007. Mr. Biggs leads the Executive Committee and has spearheaded initiatives which have seen the Company’s total assets and equity double, expansion of the branch network in Northern and Southern California, establishment of headquarters infrastructure, and entry into the Washington and Oregon markets. A Certified Public Accountant (inactive), Mr. Biggs previously served as Vice President of Finance and Controller for Columbus Marin Savings & Loan Association; and as a public accountant specializing in auditing broker/dealers for the firms of Arthur Andersen, San Francisco, and KPMG LLP, Los Angeles.

John C. Erickson
Director

Mr. Erickson has more than 30 years of financial services experience. Most recently he served as President, Consumer Banking and President, California, for CIT Group, Inc. (2016). Until 2014, he served for over 30 years at Union Bank, N.A.. He held a number of senior roles across that institution, culminating in two vice chairman positions (Chief Risk Officer and Chief Corporate Banking Officer) between 2007 and 2014. As Chief Corporate Banking Officer, he oversaw commercial banking, real estate, global treasury management, wealth management, and global capital markets. He was a director of Zions Bancorporation (NASDAQ: ZION) from 2014 to 2016, and was Chair of the Board Risk Committee as well as a member of the Audit Committee.

Jack Krouskup
Director

Mr. Krouskup, a certified public accountant, has more than 35 years’ experience serving customers in a variety of industries. At Deloitte, LLP, he served as partner-in-charge of the company’s Northern California financial services practice and also served on Deloitte’s financial services advisory committee. Mr. Krouskup has years of boardroom experience representing Deloitte with numerous global and highly complex organizations. Consequently, he has an extensive corporate governance background and deep familiarity with board and audit committee best practices. Mr. Krouskup retired from Deloitte in 2011. He currently serves on the board of directors of Verity Health System and on the board of trustees of the University of California, Santa Barbara, Alumni Association Board of Directors. Mr. Krouskup qualifies as an “audit committee financial expert” as defined in SEC rules, and the financial sophistication requirements of NASDAQ’s listing requirements.

Financial Expert

Anita Gentle Newcomb
Director

Ms. Newcomb’s experience spans over three decades in the financial services industry as a commercial banker, investment banker, and strategic consultant. She has advised a range of banks and financial services companies on a wide range of corporate development initiatives from strategic planning, consumer and business banking strategy, and corporate governance best practices, to mutual conversions and valuing and structuring acquisitions. Ms. Newcomb is a certified public accountant (inactive) and is president of A.G. Newcomb & Co., a financial services consultancy. She served on the board of the Federal Reserve Bank of Richmond – Baltimore Branch from 2010 through 2015. Ms. Newcomb is a member of the Advisory Board of the American Association of Bank Directors’ Institute for Bank Director Education. 

Bradley M. Shuster
Director

Mr. Shuster currently serves as Chairman of the Board of Directors and Chief Executive Officer of NMI Holdings, Inc. and its principal subsidiary, National Mortgage Insurance Corporation, positions he has held since 2012. From 2008 to 2011, Mr. Shuster held various consulting positions assisting private investors with evaluating opportunities in the insurance industry. Mr. Shuster was an executive of The PMI Group, Inc., from 1995 to 2008, where he served as President of International and Strategic Investments and Chief Executive Officer of PMI Capital Corporation. Prior to that, he served as PMI’s Executive Vice President of Corporate Development and Senior Vice President, Treasurer and Chief Investment Officer. Before joining PMI in 1995, Mr. Shuster was a partner at Deloitte, where he served as partner-in-charge of Deloitte’s Northern California Insurance Practice and Mortgage Banking Practice.

Thomas C. Wajnert
Director

Mr. Wajnert launched his career in 1968 with US Leasing, a NYSE-listed company. For over 40 years, Mr. Wajnert navigated the changing currents of the equipment leasing industry and built an impressive list of accomplishments, including serving as Chief Executive Officer and Chairman of AT&T Capital Corporation, an international, full-service equipment leasing and commercial finance company, from 1984 to 1996. Mr. Wajnert has extensive public company board experience at Reynolds American as Chairman and Solera, UDR, Inc., NYFIX, JLG Industries as a director. Mr. Wajnert also serves on the board of International Finance Group, one of the largest privately owned P&C insurance companies in the U.S., and for many years has served as a trustee of Wharton’s Center for Financial Institutions.

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