Press Releases

John C. Erickson Joins Luther Burbank Savings Board Of Directors

September 25, 2017 at 5:06 PM EDT

NTA ROSA, Calif., Sept. 25, 2017 /PRNewswire/ -- Luther Burbank Savings has announced that John C. Erickson has joined the Company's Board of Directors.

Mr. Erickson has more than three decades of financial services experience. Most recently he served as President, Consumer Banking and President, California, for CIT Group, Inc. Previous to that, he served for over 30 years at Union Bank where he held a number of senior roles across that institution, culminating in two vice chairman positions, Chief Risk Officer and Chief Corporate Banking Officer. He was also a director of Zions Bancorporation from 2014 to 2016, and was chair of the Risk Oversight Committee as well as a member of the Audit Committee.

"A well respected leader in our industry, John Erickson's background and familiarity with the California market make him a uniquely qualified addition to our board," said John Biggs, President and CEO of Luther Burbank Savings. "As we continue to focus on growth and meeting the needs of the communities we serve, I anticipate John will leverage his experience to make immediate and valuable contributions."

Mr. Erickson expanded further, "I look forward to working with fellow board members and the executive team to guide the successful execution of Luther Burbank's strategic plan."

About Luther Burbank Savings

Founded in 1983 in Santa Rosa, California, Luther Burbank Savings is an FDIC insured, privately held, California based commercial bank with over $5.6 billion in assets. Luther Burbank Savings offers a variety of consumer and wholesale banking services focusing on single family, multifamily and commercial mortgage loan origination; business banking; and retail deposits. Additional information is available at . Luther Burbank Savings is an Equal Housing Lender.

Mechelle Naclerio
Luther Burbank Savings