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Luther Burbank Corp (LBC.OQ)

LBC.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Victor Trione

70 Chairman of the Board

John Biggs

62 2007 President, Chief Executive Officer, Director

Laura Tarantino

52 Chief Financial Officer, Executive Vice President

Tammy Mahoney

50 Executive Vice President, Chief Risk Officer

Liana Prieto

38 2014 Executive Vice President, General Counsel & Corporate Secretary

John Cardamone

67 2014 Executive Vice President, Chief Credit Officer

Robert Armstrong

48 2016 Senior Vice President, Director of Business and Online Banking

Jose Casillas

62 Senior Vice President, Director of Retail Banking

Lisa Kepler

57 Director of Residential Lending

John Erickson

56 2017 Independent Director

Jack Krouskup

68 2012 Independent Director

Anita Newcomb

63 2014 Independent Director

Bradley Shuster

62 1999 Independent Director

Thomas Wajnert

73 2013 Independent Director

Biographies

Name Description

Victor Trione

Mr. Victor S. Trione is Chairman of the Board of the company. Mr. Trione serves as Chairman of the board of directors Luther Burbank Savings, a position he has held since founding Luther Burbank Savings and Loan Association in 1983 and of the Company. In addition to serving as Chairman of the Company and Bank, 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. As one of our founders, Mr. Trione brings continuity and deep historic knowledge of the Company to the board.

John Biggs

Mr. John G. Biggs is President, Chief Executive Officer, Director of the company. He leads the Executive Committee and is a member of the Bank's board of directors. During his 30-plus year tenure with the Bank, Mr. Biggs has held the positions of Chief Financial Officer and Chief Operating Officer, before assuming his current role in September 2007. Since becoming President and Chief Executive Officer, Mr. Biggs has spearheaded the initiatives that have seen our total assets increase from $2.7 billion at December 31, 2007 to $5.3 billion at September 30, 2017, equity increase from $182.4 million to $433.5 million over that period, expansion of the branch network in Northern and Southern California from three branches to nine, establishment and expansion of our headquarters infrastructure in Santa Rosa and Manhattan Beach, and our entry into the Seattle market, in which we have over $556.2 million in loans as of September 30, 2017. 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. Mr. Biggs graduated summa cum laude in Accounting from Woodbury University.

Laura Tarantino

Ms. Laura Tarantino CPA., is Chief Financial Officer, Executive Vice President of the Company and Bank, a position she has held since 2006. In this role, she oversees all aspects of financial reporting including strategic planning, asset/liability management, taxation and regulatory filings; she is also a member of the Bank's Executive Committee. Ms. Tarantino has over 25 years of experience with the Company and Bank, having joined as Controller in 1992. She previously served as Audit Manager for KPMG LLP, San Francisco specializing in the financial services industry. In addition to her role at the Company and Bank, Ms. Tarantino has served as an Audit Committee member for the Santa Rosa Council on Aging since 2012. Ms. Tarantino is a California Chartered CPA (inactive) and earned a B.S. in Business Administration – Finance & Accounting with summa cum laude honors from San Francisco State University.

Tammy Mahoney

Ms. Tammy Mahoney is Executive Vice President, Chief Risk Officer of the company. Ms. Mahoney joined the Bank as Chief Compliance Officer in early 2016 and was appointed Chief Risk Officer later that year. In her role, Ms. Mahoney oversees the Bank's compliance, internal audit and risk management functions, including information security and project management; she is also a member of its Executive Committee. Prior to joining the Bank, Ms. Mahoney served as Senior Vice President of Enterprise Risk and Compliance at Opus Bank from August 2011 to December 2015; as Director, Risk Advisory Services at KPMG from June 1995 to August 2004; and as Associate National Bank Examiner with the Office of the Comptroller of the Currency. A Certified Regulatory Compliance Manager and Certified Internal Auditor, Ms. Mahoney holds a B.S. in Business Administration - Finance from San Diego State University.

Liana Prieto

Ms. Liana Prieto is Executive Vice President, General Counsel & Corporate Secretary of the company since 2014. In this role she is responsible for leading a team of legal, human resources, Bank Secrecy Act, and third party risk management professionals; she is also a member of the Bank's Executive Committee. Prior to joining us, Ms. Prieto served as Associate and then Counsel at Buckley Sandler LLP from 2009 to 2014, and as a trial attorney in the Enforcement & Compliance Division of the Office of the Comptroller of the Currency. In addition to her role at the Company and Bank, Ms. Prieto serves as Vice Chair of the Enforcement, Insider Liability and Troubled Banks Subcommittee of the American Bar Association's Business Law Section. She also serves on the American Association of Bank Directors' Board of Advisors and on their General Counsel and Corporate Secretary Committee. Ms. Prieto holds a J.D. from Fordham Law School and a B.A. from Georgetown University.

John Cardamone

Mr. John A. Cardamone is Executive Vice President, Chief Credit Officer of the company since 2014. He oversees the Bank's credit and special assets activities as well as loan operations; he is also a member of the Bank's Executive Committee. Prior to joining the Bank, Mr. Cardamone served as Senior Vice President & Divisional Credit Manager – Commercial Real Estate at Bank of the West from 2008 until joining the Bank, Chief Credit Officer at GreenPoint Mortgage, Senior Vice President – Global Risk Management at GE Capital's Mortgage Insurance Unit and Managing Director and Chief Credit Officer at the Federal Home Loan Bank of San Francisco. Mr. Cardamone holds an M.B.A. in Finance from The Wharton School at the University of Pennsylvania, an M.B.A. in Management from St. Mary's College and a B.B.A. in Business Statistics from Temple University.

Robert Armstrong

Mr. Robert Armstrong, III., is Senior Vice President, Director of Business and Online Banking of the company since January 2016. Mr. Armstrong is responsible for expanding the Bank's deposit offerings and creating greater access to its products and services, including deposit generation across commercial and consumer online banking platforms, as well as business banking activities. Prior to joining us, Mr. Armstrong served as Senior Vice President of Business Banking at BofI Federal Bank from October 2013 to December 2015 and a Senior Partner at Cappetta Capital from 2010 to 2013. Mr. Armstrong's background also includes positions as CEO/President of San Diego Private Bank, Market President at US Bank and Managing Director at Bank of America. Mr. Armstrong holds a B.S. in Economics from the University of California, Los Angeles.

Jose Casillas

Mr. Jose A. Casillas is Senior Vice President, Director of Retail Banking of the company. Mr. Casillas joined the Bank in 2006, bringing with him more than four decades of experience in creating and delivering value to shareholders, employees, and customers. As Senior Vice President – Chief Banking Officer until 2017 and currently Senior Vice President – Director of Retail Banking, Mr. Casillas oversees all functions of our retail branches, including customer service, sales, operations, marketing, security, and brand integrity. He has also been responsible for selecting and opening eight new or relocated branch locations and two corporate offices in the South San Francisco Bay, Southern California, and Santa Rosa regions. Mr. Casillas has proven results in building and leading teams to design and implement effective solutions to meet customers' financial needs. Prior to joining the Bank, Mr. Casillas served as Senior Vice President – Retail Banking at Hawthorn Savings Bank, Vice President and Regional Manager at Downey Savings Bank and as Branch Manager at American Savings and Home Savings and Loan.

Lisa Kepler

Ms. Lisa Kepler is Director of Residential Lending of the company. She has an extensive background in mortgage lending with over 25 years of experience. She joined the Bank as a Wholesale Account Executive in April 2013, covering King and Snohomish Counties in the State of Washington. In July 2016 Ms. Kepler became Director of Residential Wholesale Lending, responsible for wholesale residential loan production and accountable for managing loan production in a way that achieves required loan volume, interest rate risk, product mix, and loan quality. In 2017 she was designated Director of Residential Lending. Before joining the Bank, Ms. Kepler originated retail mortgages at Wells Fargo from October 2012 to March 2013 and at The Legacy Group from July 2010 to October 2012. Prior to her retail experience, her focus was in wholesale lending, as Regional Vice President at Washington Mutual, Bank of America, and Ohio Savings Bank. Ms. Kepler has held a number of diverse positions throughout her career from loan processing, funding and account management to overseeing loan originations across the Western US.

John Erickson

Mr. John C. Erickson is Independent Director of the company. He 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 the firm, culminating in two vice chairman positions (Chief Risk Officer and Chief Corporate and Banking Officer). 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 chair of that board's risk committee, as well as a member of the audit committee.

Jack Krouskup

Mr. Jack Krouskup is Independent Director of the company. He is a certified public accountant, has more than 35 years' experience serving customers in a variety of industries. At Deloitte, LLP, or Deloitte, 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.

Anita Newcomb

Ms. Anita Gentle Newcomb is Independent Director of the company. 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 president of A.G. Newcomb & Co., a financial services consultancy. She also 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. She is also a certified public accountant (inactive).

Bradley Shuster

Mr. Bradley M. Shuster is Independent Director of the company. He is 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 has held various consulting positions assisting private investors with evaluating opportunities in the insurance industry. Mr. Shuster was an executive of The PMI Group, Inc., or PMI, 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. He is a member of the board of directors of McGrath Rentcorp (NASDAQ: MRGC), and serves as a member of its audit and governance committees.

Thomas Wajnert

Mr. Thomas C. Wajnert is Independent Director of the company. Mr. Wajnert launched his career in 1968 with US Leasing, a NYSE-listed company. For over 40 years, Mr. Wajnert has navigated the changing currents of the equipment leasing industry and built an impressive list of accomplishments, including serving as CEO and Chairman of AT&T Capital Corporation, an international, full-service equipment leasing and commercial finance company, from 1984 to 1996. Mr. Wajnert also 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 company in the U.S. For many years he served as a Trustee of Wharton's Center for Financial Institutions.