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United States

Sierra Bancorp (BSRR.OQ)

BSRR.OQ on NASDAQ Stock Exchange Global Select Market

26.59USD
8 Dec 2017
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Summary

Name Age Since Current Position

Morris Tharp

75 Independent Chairman of the Board

Kevin McPhaill

42 2015 President, Chief Executive Officer, Director of Company and the Bank

James Holly

74 2015 Vice Chairman of the Board of the Company and Bank

Kenneth Taylor

55 2006 Chief Financial Officer, Executive Vice President of the Company and Bank

James Gardunio

64 2006 Executive Vice President, Chief Credit Officer of the Company and Bank

Michael Olague

59 2015 Executive Vice President, Chief Banking Officer of the Company & Bank

Vonn Christenson

2016 Director

Laurence Dutto

2016 Director

Robb Evans

74 2016 Director

Albert Berra

74 2000 Independent Director

Robert Fields

87 2000 Independent Director

Lynda Scearcy

69 2007 Independent Director

Gordon Woods

79 2000 Independent Director

Biographies

Name Description

Morris Tharp

Mr. Morris A. Tharp is the Independent Chairman of the Board of Sierra Bancorp. He is an original proponent of the Bank and has served as Chairman of the Board of the Bank and of Sierra Bancorp since their formations in 1977 and 2000, respectively. He has purchased the business and is now sole owner. For many years he has been involved in community activities. In selecting Mr. Tharp as a nominee, the Board considered the following: His involvement in the formation of the Bank, his experience as a bank director and accumulated knowledge of the operations of the Company, his leadership qualities and management gained by owning and running his own Company, and his involvement in the local community.

Kevin McPhaill

Mr. Kevin McPhaill is President, Chief Executive Officer, Director of Sierra Bancorp and Bank of the Sierra, subsidiary of the company since March 31, 2015. He is a native and current resident of Visalia, California, and his educational background includes a bachelor’s degree from Fresno Pacific University, a master’s degree in business administration from Fresno State, and the successful completion of post-graduate training at the Southwestern Graduate School of Banking at Southern Methodist University. He has been employed by Bank of the Sierra since June 2001, starting as the regional manager of the Hanford area, then progressing to executive vice president and Chief Banking Officer of the Company and the Bank in 2006, to President and Chief Operating Officer of the Company and the Bank in 2014 and to his current positions on April 1, 2015. Mr. McPhaill is involved in the local community, and is active in financial education outreach efforts to primary and secondary schools in the Bank’s market areas. Mr. McPhaill was selected to serve on the Board because of his leadership abilities, his extensive experience at Bank of the Sierra and other financial institutions, his knowledge of the Bank’s culture, his lending, operations, and management experience, and his insight into key factors that drive the financial success of the Bank.

James Holly

Mr. James C. Holly is the Vice Chairman of the Board of Company and Bank., effective March 31, 2015. He is no longer a Chief Executive Officer of Sierra Bancorp and Bank of the Sierra, a subsidiary of Sierra Bancorp effective March 31, 2015. He is a founding Director as well as President and Chief Executive Officer of the Bank, and has served in those same capacities for the Company since its formation in 2000. He received both a BBA and an MBA degree from the University of Wisconsin. Following his active duty in the U.S. Army he started management training with United California Bank, now Wells Fargo Bank. After ten years as a Branch Manager, Mr. Holly left United California Bank and joined in the effort to organize Bank of the Sierra of which he has been President and CEO since its inception in 1977.

Kenneth Taylor

Mr. Kenneth R.Taylor is the Chief Financial Officer, Executive Vice President of Sierra Bancorp, and Bank of the Sierra, a subsidiary of the Company.

James Gardunio

Mr. James F. Gardunio is the Executive Vice President, Chief Credit Officer of Sierra Bancorp, and Bank of the Sierra, a subsidiary of the Company.

Michael Olague

Mr. Michael W. Olague is the Executive Vice President, Chief Banking Officer of Sierra Bancorp and its wholly-owned subsidiary, Bank of the Sierra, effective January 1, 2015. With more than 37 years of banking experience, Olague has become a well established banking figure in the Bakersfield Area. Prior to this promotion, Olague held the position of Senior Vice President and Area Manager for Bank of the Sierra’s Bakersfield and Delano markets. Olague is a graduate of California State University Bakersfield and completed Graduate Banking School at the University of Virginia. As an active member of the Bakersfield community, Olague currently sits on the boards of the Boys and Girls Club, San Joaquin Hospital Foundation, Kern County Cancer Fund, Mid-State Development Corporation, and the CSUB Business School Advisory Board.

Vonn Christenson

Mr. Vonn R. Christenson is appointed as Director of the Company., effective September 15, 2016. He graduated from Brigham Young University with honors in 2003, and later earned his J.D. at Harvard Law School in 2006. After working for a time as an attorney inOrange County, California, Christenson joined the Christenson Law Firm inPorterville, California, specializing in business and contract disputes, personal injury, medical malpractice, and intellectual property litigation. He currently resides inPorterville, and is actively involved in the community including with the Porterville Optimist Club, the Tulare County Measure R Citizens' Oversight Committee, and the Porterville Unified School District Academy of Law, Justice & Ethics Advisory Board.

Laurence Dutto

Mr. Laurence S. Dutto, Ph.D. is appointed as Director of the Company., effective September 15, 2016. He joins the Board of Directors as an award-winning, retired college administrator with extensive hands-on agricultural experience. Dutto's decorated 30-year career as an administrator atCollege of the Sequoiasin Visalia, California includes service as Provost of the Tulare College Center, Dean of Academic Services, Dean of Technical Education, Agriculture Division Chair, and Faculty Academic Senate President. His prior agricultural experience includes 15 years working on his family dairy farm. Dutto is a resident ofVisalia, California.

Robb Evans

Mr. Robb Evanswas is appointed as Director of the Company., effective September 15, 2016. He most recently Chairman of the Board for Coast Bancorp and Coast National Bank, which were acquired by Sierra Bancorp on July 8, 2016. He has extensive prior executive-level banking experience including Chief Executive Officer at fourCaliforniabanks, three international banking corporations chartered by the Federal Reserve, and aHong Kongmerchant bank. Evans has held banking positions ranging from teller trainee to Chairman of the Board. Currently, Evans and his organization,Robb Evans& Associates LLC, serve as fiduciaries or advisors in complex corporate and financial matters. He maintains residences in bothBakersfieldandCambria, California.

Albert Berra

Dr. Albert L. Berra is the Independent Director of Sierra Bancorp, since 2000. He has been a director of the Bank in 1977. Dr. Berra attended the University of California, Berkeley after high school and went on to St. Louis University to complete his dental and orthodontic training. After service in the U.S. Army, Dr. Berra returned to Porterville to establish his orthodontics practice, which he has operated continuously since his return, and he runs a farming operation in the area. Dr. Berra is in community activities.

Robert Fields

Mr. Robert L. Fields is the Independent Director of Sierra Bancorp. He has been a director of the Bank since 1982. He has also been a director of the Company since its formation in 2000 and has served on the Compensation Committee and Senior Loan Committee for many years. Mr. Fields was born in Wisconsin, and after his military service he attended college in Los Angeles. He then worked for a jewelry store in Beverly Hills and later had the opportunity to buy his own jewelry store in Porterville. Currently retired from the jewelry business, he is managing his personal investments. During the 38 years Mr. Fields has lived in the Porterville area, he has been involved in many civic activities.

Lynda Scearcy

Ms. Lynda B. Scearcy is the Independent Director of Sierra Bancorp, since December 2007. She received her undergraduate degree from the University of Florida and her Masters Degree in Taxation from San Joaquin College of Law. Ms. Scearcy is the tax partner at McKinley Scearcy Associates, an accounting and consulting firm which she joined in 1983. Ms. Scearcy is deeply committed to the community, as demonstrated by her involvement with, among others, the Rotary Club of Porterville (Past President), Porterville Chamber of Commerce (Past Treasurer), Tule River Economic Development Corporation (Past Treasurer) and Tulare County Office of Education Foundation (Board Member).

Gordon Woods

Mr. Gordon T. Woods is the Independent Director of Sierra Bancorp. He was an original proponent of the Bank and has been a director of the Bank and of Sierra Bancorp since their formations in 1977 and 2000, respectively. He attended Arizona State University and the University of Arizona on scholarship, majoring in chemical engineering, and is a U.S. Army veteran. His professional experience includes employment as a chemical engineer, as well as executive positions with divisions of Gulf Oil Company and Ford Motor Company. In 1969 he moved to Porterville and established Hydrokleen Systems, a designer and manufacturer of water and waste treatment systems, and in 1989 he established Gordon T. Woods Construction, a manufacturer and installer of commercial grade filtration systems. He is currently CEO of both of those companies. Mr. Woods has been active in numerous service organizations in Porterville and has also served on the Porterville City Council, including two years as the Mayor and two years as Mayor Pro-Tem.