People: 1st United Bancorp Inc (FUBC.OQ)
FUBC.OQ on NASDAQ Stock Exchange Global Select Market
6.58USD
19 Jun 2013
6.58USD
19 Jun 2013
Price Change (% chg)
$-0.09 (-1.35%)
$-0.09 (-1.35%)
Prev Close
$6.67
$6.67
Open
$6.66
$6.66
Day's High
$6.68
$6.68
Day's Low
$6.55
$6.55
Volume
10,264
10,264
Avg. Vol
19,336
19,336
52-wk High
$6.83
$6.83
52-wk Low
$5.30
$5.30
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Warren Orlando |
69 | 2003 | Chairman of the Board |
John Marino |
48 | 2003 | President, Chief Financial Officer, Director; Chief Financial Officer and Chief Operating Officer of 1st United Bank |
Rudy Schupp |
62 | 2003 | Chief Executive Officer; President and Chief Executive Officer of 1st United Bank |
Wade Jacobson |
43 | 2007 | Executive Vice President, Chief Lending Officer of 1st United Bank |
Lawrence Ostermayer |
59 | 2003 | Senior Vice President, Credit Administration of 1st United Bank |
Arthur Loring |
64 | 2008 | Lead Independent Director |
James Evans |
74 | 2008 | Director |
Paula Berliner |
68 | 2003 | Independent Director |
Derek Burke |
51 | 2012 | Independent Director |
Jeffery Carrier |
60 | 2003 | Independent Director |
Ronald David |
61 | 2003 | Independent Director |
Thomas Lynch |
64 | 2004 | Independent Director |
Carlos Morrison |
57 | 2006 | Independent Director |
Joseph Veccia |
55 | 2004 | Independent Director |
Biographies
| Name | Description |
|---|---|
Warren Orlando |
Mr. Warren S. Orlando serves as Chairman of the Board of 1st United Bancorp Inc., since July 2003. From April 1999 to June 2003, Mr. Orlando was retired. From September 1997 to March 1999, Mr. Orlando served as Chairman and CEO of Wachovia - Florida Banking. Mr. Orlando co-founded and served as Chief Executive Officer and President of the former 1st United Bank and the former 1st United Bancorp, Inc., an approximately $1 billion bank holding company (which grew through internal growth and 11 merger and acquisition transactions), headquartered in Boca Raton, Florida from its inception in 1987 and until its merger with Wachovia Corporation in 1998. He currently serves as a director of California Republic Bank. Mr. Orlando holds a B.S. in Economics from St. Peters College and a graduate degree from Stonier Graduate School of Banking, Rutgers University. |
John Marino |
Mr. John Marino serves as President, Chief Financial Officer, Director of 1st United Bancorp Inc and President, Chief Financial Officer, Director; Chief Financial Officer and Chief Operating Officer of 1st United Bank(Subsidiary). From January 2002, until March 2003, Mr. Marino served as Chief Financial Officer of SBA Communications, Inc., a publicly traded telecommunications company, headquartered in Boca Raton, Florida. Mr. Marino acted as a consultant to SBA Communications from 1999 to 2002. From 1992 through 1998, Mr. Marino served as Chief Financial Officer of the former 1st United Bank and the former 1st United Bancorp, headquartered in Boca Raton, Florida. Mr. Marino was employed in a variety of positions with Ernst & Young, with his final position as audit manager, from 1986 to 1992. Mr. Marino holds a B.B.A. in Accounting from Stetson University and is a licensed Certified Public Accountant in Florida. |
Rudy Schupp |
Mr. Rudy E. Schupp serves as Chief Executive Officer of 1st United Bancorp Inc and President and Chief Executive Officer of 1st United Bank, a subsidiary of the company since July 2003. From March 2001 to June 2003, Mr. Schupp was a managing director for Ryan Beck & Co., an investment bank. In addition, from December 2001 to March 2003, he served as a consultant to Wachovia Corporation – Florida. From March 2001 until December 2001, Mr. Schupp served as Chairman – Florida Banking for Wachovia Corporation. From April 1984 through February 2001, he co-founded and served as Chairman, Chief Executive Officer and President of Republic Security Financial Corporation, a $3.4 billion bank holding company (which grew through internal growth and through 16 merger and acquisition transactions), headquartered in West Palm Beach, Florida. Republic Security Financial Corporation merged with Wachovia Corporation in 2001. Mr. Schupp is also a director of NextEra Energy, Inc. (formerly known as FPL Group, Inc.) and the Federal Reserve Bank of Atlanta. Mr. Schupp holds a B.S. in Management from the State University of New York at Albany, and an M.B.A. from Syracuse University. |
Wade Jacobson |
Mr. Wade E. Jacobson serves as an Executive Vice President, Chief Lending Officer of 1st United Bank, a subsidiary of 1st United Bancorp Inc., since march 2007. Prior to that time, Mr. Jacobson served as Senior Vice President, Team Leader Business Banking for 1st United Bank from July 2003 (when he joined 1st United Bank) until his promotion in March 2007. Mr. Jacobson began his career with Barnett Bank in the Management Associate Training Program in 1990 and rose to the position of Vice President Relationship Manager within that organization. He held positions of increasing responsibility in lending production with SunTrust from 1998 until 2000, and Republic Security Bank and Wachovia from 2000 until 2003. Mr. Jacobson is a graduate of Clemson University and holds a Bachelor’s Degree in Finance. |
Lawrence Ostermayer |
Mr. Lawrence Ostermayer serves as Senior Vice President, Credit Administration of 1st United Bank, a subsidiary of 1st United Bancorp Inc., since September 2003. Mr. Ostermayer was employed by RBC Centura Bank as Senior Credit Risk Manager – South Florida and Special Loan Group Manager Florida & Georgia from 2002 until joining 1st United. From 1998 until 2002 Mr. Ostermayer worked with Republic Security/Wachovia in Business Banking and Special Assets. Mr. Ostermayer was with Barnett Bank/Bank of America from 1986 until 1998 managing all aspects of the credit process in the Florida counties of Palm Beach, Martin, Okeechobee, and Highlands. Mr. Ostermayer is a graduate of Salem College and holds a Bachelor of Science in Business Administration. |
Arthur Loring |
Mr. Arthur S. Loring serves as Lead Independent Director of 1st United Bancorp Inc., since 2008. He has served as director since 2005. |
James Evans |
Mr. James D. Evans serves as Director of 1st United Bancorp Inc., since February 2008 following merger with Equitable Financial Group, Inc. (“Equitable”) and Equitable Bank, Equitable’s wholly-owned subsidiary, respectively. Prior to the merger, Mr. Evans was the Chairman of the Board of Directors of Equitable and a director of Equitable Bank. Mr. Evans is also currently the President of Evans Financial Services, Ltd., which is engaged in land sales and residential construction (since 1998). He also has various interests in equity lending, niche and real estate financing, and venture capital providers. From 1968 to 1998, Mr. Evans was the owner and President of two Nissan dealerships and one of the Mercedes-Benz dealerships in the United States. Mr. Evans sold all three dealerships in 1998. Mr. Evans holds a B.B.A. from the University of Florida. |
Paula Berliner |
Ms. Paula Berliner serves as an Independent Director of 1st United Bancorp Inc., since 2003. Since 2000, Ms. Berliner has been a private investor with investments in real estate and stocks. From 1989 to 2000, she was an officer and director of Acorn Holding Corp., a venture capital firm. From 1977 to 1990, Ms. Berliner was a co-founder, director, and executive officer of Broward Window Shade Company, Inc. and its successor, Builders Design, Inc. From 1974 to 1977, Ms. Berliner was the Title 1 Coordinator for the Broward County School System. Ms. Berliner has over 15 years of bank director experience serving the South Florida market. Ms. Berliner was on the Board of Directors of Family Bank, based in Hallandale Beach, Florida, from its establishment in 1987 to its sale to Republic Security Bank in 1997. Ms. Berliner served on the Boards of Directors of Republic Security Financial Corp. from 1997 to 2001, Republic Security Bank from 1997 to 2001 and Wachovia Bank’s Advisory Board from 2001 to 2002. Ms. Berliner holds a Masters degree in Administration and Supervision from Florida Atlantic University. |
Derek Burke |
Mr. Derek C. Burke serves as an Independent Director of 1st United Bancorp Inc., since April 2012. Prior to being appointed to Board of Directors, he served on the Board of Directors of Anderen Bank, a wholly-owned subsidiary of Anderen Financial, Inc. from July 2008 to March 2012. He served as a member of the Audit Committee and the Directors’ Loan Committee. Mr. Burke was a director of Florida Choice Bank from January 2005 through January 2008 and a director of Southern Community Bank of Central Florida from January 2000 until its acquisition by First National Bank of Florida in September 2004. Mr. Burke is a licensed professional engineer. He graduated with a Master’s degree in civil engineering from the University of Central Florida in June 1988 and has been the president of the Orlando-based consulting firm WBQ Design & Engineering, Inc. since its founding in 1994. Mr. Burke was nominated for the 2008 Central Florida Engineer’s Week Leadership Excellence award. He is a past Chairman of the City of Orlando Downtown Development Board and Community Redevelopment Agency Advisory Board. Mr. Burke also serves on the Board of the Orlando Neighborhood Development Corporation, a non-profit affordable housing development company. |
Jeffery Carrier |
Mr. Jeffery L. Carrier serves as an Independent Director of 1st United Bancorp Inc., since 2003. Since March 2004, Mr. Carrier has been the President of Board Advisory Group, LLC, a consulting firm to bank boards and audit committees. From 1984 to March 2004, he was the President of Carrier Financial Group, Inc., a consulting firm providing outsourcing services for internal audit and compliance for the banking industry throughout Florida and the Southeast United States. Prior to establishing Carrier Financial Group, Mr. Carrier served from 1978 through 1984 in the capacity of chief financial officer, treasurer and controller of NYSE and NASDAQ listed financial institutions. From 1973 to 1978, Mr. Carrier worked as a CPA with Deloitte & Touche. Mr. Carrier holds a B.S. in accounting from Florida State University and is a licensed Certified Public Accountant in Florida. |
Ronald David |
Mr. Ronald A. David serves as an Independent Director of 1st United Bancorp Inc., since 2003. Since 1990, Mr. David, a Board Certified Civil Trial Lawyer since 1986, practices civil litigation at his law firm, Ronald A. David, P.A., and has practiced law in Florida since 1975. Mr. David has over 15 years of banking experience serving the South Florida market. Mr. David served on the Boards of Directors of the former 1st United Bancorp, and its wholly-owned subsidiary the former 1st United Bank, based in Boca Raton, Florida, from 1987 until its sale to Wachovia Bank in 1998. Mr. David was also a director of Mizner Bank, based in Boca Raton, Florida, when it was acquired by the former 1st United Bank. Mr. David holds a B.A. in Political Science and a J.D., both from the University of Florida. |
Thomas Lynch |
Mr. Thomas E. Lynch serves as an Independent Director of 1st United Bancorp Inc., since July 2004. Since 1973, Mr. Lynch has been the owner and president of the Plastridge Insurance Agency. He has been involved in political and civic service for over 30 years. He served from 1985 to 1989 as chairman of the Community Redevelopment Agency of Delray Beach; from 1990 to 1996 as Mayor of Delray Beach; and from 1998 to 2006 as Chair of the Palm Beach County School District. Currently, he serves as Mayor of the Village of Golf; member of the Board of Governors of the Citizens Property Insurance Company and a member of the Audit Committee; member of the Board of Trustees for Nova Southeastern University; past-President of the Palm Beach County League of Cities; Chair of the Palm Beach Early Childhood Development Council; and member of the Workforce Alliance Board of Palm Beach County. Mr. Lynch has been a director of Celsius Holdings, Inc., a food and beverage manufacturer, since 2009. Mr. Lynch holds a joint B.A. in Philosophy and Psychology from Loyola University and received his CPCU insurance designation in 1978. |
Carlos Morrison |
Mr. Carlos Gil Morrison serves as an Independent Director of 1st United Bancorp Inc., since 2006. From 1976 until 1992, Mr. Morrison was employed as a broker with Smith Barney. Since 1992, Mr. Morrison has managed his personal investments. Mr. Morrison, a resident of the Town of Palm Beach, is a well-known businessman in South Florida managing his many family-owned real estate and financial investments. Mr. Morrison is active and philanthropic in the Palm Beach community. Mr. Morrison holds a B.B.A. in Business from Hillsdale College. |
Joseph Veccia |
Mr. Joseph W. Veccia, Jr., serves as an Independent Director of 1st United Bancorp Inc., since May 2004. Since 1996, Mr. Veccia has been a private investor with investments in real estate, funeral business and cemeteries, and stocks. Mr. Veccia is a former board member of Admiralty Bank which was sold to RBC in January 2003. He is also a member of the Board of Trustees of the George Snow Scholarship Fund, the Lynn University Board of Overseers, the Board of Directors of the Boca Raton Chamber of Commerce, the Board of Trustees of Pope John Paul High School and the Boca Raton Community Hospital Board of Trustees. Mr. Veccia holds an A.S. degree in Mortuary Science from Lynn University. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Warren Orlando |
793,311 |
John Marino |
960,071 |
Rudy Schupp |
986,748 |
Wade Jacobson |
293,797 |
Lawrence Ostermayer |
193,102 |
Arthur Loring |
-- |
James Evans |
-- |
Paula Berliner |
-- |
Derek Burke |
-- |
Jeffery Carrier |
-- |
Ronald David |
-- |
Thomas Lynch |
-- |
Carlos Morrison |
-- |
Joseph Veccia |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Warren Orlando |
0 | 0 |
John Marino |
0 | 0 |
Rudy Schupp |
0 | 0 |
Wade Jacobson |
0 | 0 |
Lawrence Ostermayer |
0 | 0 |
Arthur Loring |
0 | 0 |
James Evans |
0 | 0 |
Paula Berliner |
0 | 0 |
Derek Burke |
0 | 0 |
Jeffery Carrier |
0 | 0 |
Ronald David |
0 | 0 |
Thomas Lynch |
0 | 0 |
Carlos Morrison |
0 | 0 |
Joseph Veccia |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
MORRISON CARLOS GIL |
7,000 | $6.28 |
MORRISON CARLOS GIL |
5,000 | $6.50 |
MORRISON CARLOS GIL |
2,201 | $6.50 |
MORRISON CARLOS GIL |
299 | $6.38 |
MORRISON CARLOS GIL |
244 | $6.35 |
MORRISON CARLOS GIL |
2,256 | $6.37 |
BERLINER PAULA |
12,000 | $0.00 |
BURKE DEREK C |
10,000 | $0.00 |
CARRIER JEFFREY L |
12,000 | $0.00 |
EVANS JAMES D |
10,000 | $0.00 |
LYNCH THOMAS E |
10,000 | $0.00 |
LORING ARTHUR S |
12,000 | $0.00 |
SCHUPP RUDY E |
25,512 | $0.00 |
DAVID RONALD A |
12,000 | $0.00 |
VECCIA JOSEPH W JR |
10,000 | $0.00 |
MORRISON CARLOS GIL |
12,000 | $0.00 |
ORLANDO WARREN S |
25,512 | $0.00 |
MARINO JOHN |
25,512 | $0.00 |
MORRISON CARLOS GIL |
1,700 | $5.41 |
MORRISON CARLOS GIL |
300 | $5.40 |
MORRISON CARLOS GIL |
3,000 | $5.46 |
MORRISON CARLOS GIL |
5,000 | $6.16 |
LYNCH THOMAS E |
10,000 | $0.00 |
LORING ARTHUR S |
12,000 | $0.00 |
MORRISON CARLOS GIL |
12,000 | $0.00 |
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