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United States

People's Utah Bancorp (PUB.OQ)

PUB.OQ on NASDAQ Stock Exchange Capital Market

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Summary

Name Age Since Current Position

Paul Gunther

76 2003 Chairman of the Board

Richard Beard

64 2006 President, Chief Executive Officer, Director

Dale Gunther

78 2006 Independent Vice Chairman of the Board

Wolfgang Muelleck

67 2007 Chief Financial Officer, Executive Vice President, Director

Rick Anderson

62 Chief Operating Officer, Senior Vice President

Len Williams

58 2017 Executive Vice President, Director

Lane Wilson

63 Senior Vice President, Chief Sales Officer

David Anderson

61 2013 Director, Senior Vice President, Chief Credit Officer

Dale Buxton

57 2013 Senior Vice President

Fred Fairclough

67 2000 Director

R. Brent Anderson

69 2007 Independent Director

Deborah Bayle

65 2014 Independent Director

Matthew Browning

2017 Independent Director

Douglas Swenson

67 2013 Independent Director

Biographies

Name Description

Paul Gunther

Mr. Paul R. Gunther serves as a Chairman of the Board of Company. He has served as a director of PUB since 1998 and as Chairman of the Board since 2003. He has also served as a director of BAF since 1984. From 1968 to 1984, he served in various positions including as Chief Financial Officer for Lillian Vernon and Berkey Photo, as Vice President, Finance for Bond Industries and as a director for Strategic Planning for Target Stores. From 1989 to 2014 he served as Plan Administrator to various businesses in bankruptcy, principally in the retailing industry. He holds a Master’s of Business Administration degree from Harvard Business School and a Bachelor of Arts degree in Humanities from Brigham Young University.

Richard Beard

Mr. Richard T. Beard serves as a Director of People's Utah Bancorp. He has served as director of both PUB and BAF since 2004, as President and Chief Executive Officer of BAF since January 2005 and as Chief Executive Officer and President of PUB since January 2006. He has served as a director of LSB since November 2013. He practiced law from 1978 to 2004. He has been a member and chairman of the Board of Directors of Western Independent Bankers, based in San Francisco, California and is currently the Past Chairman for the year 2015-16. He has served as a member of the Board of Directors of the Utah Bankers Association, including the board’s Executive Committee representing community banks. He serves as a director on the Board of the Utah Community Reinvestment Corporation, funding low income housing in Utah and the Board of the Utah Department of Financial Institutions, appointed by the Governor of Utah. He holds a Juris Doctor degree from the University of Utah College of Law and a Bachelor of Science degree in Political Science from the University of Utah. He is also a graduate of the Pacific Coast Banking School.

Dale Gunther

Mr. Dale O Gunther serves as an Independent Vice Chairman of the Board at the company. has served as director of PUB since 1998 and as Vice Chairman since 2006. He currently serves as a member of the Compensation Committee, and as Chairman of the Nominating and Governance Committee. He serves as a member of the board of Gunthers Inc. which is a holding company for Gunther’s Comfort Air and Alpine Financial LLC. He currently serves as a manager of Alpine Financial LLC. He was appointed as a director of BAF in 1971 and served as President and CEO of BAF from 1988 to 2004 and as President and CEO of PUB from 1998 to 2005. He served as Executive Vice President of BAF from 1980 to 1988. He has served as Chairman and as a member of the Board of Directors of the Utah Bankers Association and as a member of the American Bankers Association Community Bankers Council. He was selected as the Utah Bankers Association “Distinguished Banker” in 2006. He served as a member of the American Fork City Council from 2006 to 2012. He holds a Bachelor of Science degree in Finance and Banking from Brigham Young University and is a graduate of Pacific Coast Banking School. Paul R. Gunther, Dale O. Gunther and Blaine C. Gunther are brothers. Mr. Gunther brings leadership skills, his long career in the banking industry in various executive positions in BAF and PUB and brings valuable knowledge of local real estate trends to the Board.

Wolfgang Muelleck

Mr. Wolfgang T. N. Muelleck serves as Director of the Company. He is no longer Chief Financial Officer, Executive Vice President of the Company, with effect from (end of 2017) December 31, 2017. He served as a director of both PUB and BAF since 2004. He joined PUB and BAF in 2007 as Executive Vice President and Chief Financial Officer. He has served as a director of LSB since November 2013. He currently serves as Chairman of the Enterprise Risk Management Committee. From 1990 to 1997, he was the Chief Financial and Operations Officer of Vallicorp Holdings, Inc., a $1.4 billion bank holding company based in Fresno, California. As a Certified Public Accountant and Certified Management Accountant, he worked for Ernst & Young from 1975 to 1990 in a number of positions, including partner, serving publicly-held clients in various industries, including financial institutions. He serves on the advisory committee to the Federal Home Loan Bank of Seattle. He holds a Master’s degree in Business Administration from the University of Utah and a Bachelor of Science degree in Accounting from Brigham Young University and is a member of the American Institute of Certified Public Accountants (AICPA). Mr. Muelleck brings experience and expertise to the Board from his 18 year career as a director and financial executive in the banking industry, negotiating and managing merger and acquisitions, and his 15 year career in public accounting auditing and advising clients in public company matters.

Rick Anderson

Mr. Rick W. Anderson serves as a Chief Operating Officer, Senior Vice President of the company. Prior to joining PUB in 2007, he served as a director and Executive Vice President, Chief Financial Officer of Far West Bancorporation. He has been in the banking industry for over 36 years. He holds a Bachelor of Science degree in Business Management from Brigham Young University.

Len Williams

Mr. Len E. Williams serves as an Executive Vice President, Director of the Company, effective from September 1, 2017. Mr. Williams is the former Director, President and Chief Executive Officer of Home Federal Bancorp (a public company) and its subsidiary, Home Federal Bank. He joined Home Federal Bank as President in September 2006, was appointed as a director of Home Federal Bank and Home Federal Bancorp in April 2007 and became President and Chief Executive Officer of Home Federal Bancorp in January 2008. He remained in that position until the company sold in 2014. Mr. Williams has over 35 years of successful commercial banking experience serving in many regional and national leadership roles. Prior to joining Home Federal Bank, Mr. Williams was Head of Business Banking with Fifth Third Bank. From 1987 to 2005, he held several management positions with Key Bank, including President of the Business Banking Division, Bank’s Executive Council, President of the Colorado District and Regional Leader over commercial banking. PUB believes that Mr. Williams’ strong banking and commercial lending background and his public company experience will be a valuable addition to its Board of Directors. Mr. Williams holds an M.B.A. from the University of Washington and is a graduate of the Pacific Coast Banking School.

Lane Wilson

Mr. Lane E. Wilson serves as a Senior Vice President, Chief Sales Officer of the Company. Previously he served as BAF’s Regional Senior Vice President, Southern Region from 2004 to 2013. He has over 30 years of banking experience, primarily in residential mortgage business, commercial real estate and construction lending. He attended Brigham Young University and is a graduate of the Graduate School of Banking at Colorado.

David Anderson

Mr. David G. Anderson serves as a Director, Senior Vice President, Chief Credit Officer of the company. He has served as a director of BAF since 1988 and of PUB since 1998. He has served as BAF’s Senior Vice President, Chief Credit Officer since April 2013 and Chief Credit Officer of PUB since November 2013. He has served as BAF’s Senior Vice President, Loan Administration since 2004. He joined the bank in 1973 and has over 40 years of banking experience, primarily in commercial and residential real estate, construction and consumer lending. He holds a Bachelor of Science degree in Business Management from Brigham Young University and is a graduate of the Pacific Coast Banking School.

Dale Buxton

Mr. Dale M. Buxton serves as a Senior Vice President of the company. He has served as LSB’s Chief Financial Officer since 2006. He has over 24 years of banking experience with LSB and with the Federal Land Bank in California. He is a graduate of Utah State University with a Bachelor’s degree in Agricultural Economics and the Pacific Coast Banking School.

Fred Fairclough

Mr. Fred W. Fairclough, Jr. serves as a Director of the company. He has served as a director of PUB and BAF since 2000. He is a consultant to Bonneville Mortgage Company, a Salt Lake City, Utah-based commercial mortgage banking firm he co-founded in 1976 and where he served as President from 1982 to 1998. He currently serves as Chairman of the Board of Trustees of Primary Children’s Hospital Foundation, and as Director-Emeritus of Health Sciences Advocates at the University of Utah Medical Center. He currently serves as a director of the Ivory-Boyer Real Estate Center at the David Eccles School of Business at the University of Utah. He served as a commissioner of the Housing Authority of Salt Lake City from 1994 to 2002 including two terms as Chair. He served as a director of Advanta Bank Corp. from 2000 to 2010. In 2009, the FDIC issued an order to cease and desist and an order for restitution to Advanta. In 2010, Advanta was seized by the FDIC and liquidated. He obtained his Bachelor of Science degree in Marketing from the University of Utah in 1971.

R. Brent Anderson

Mr. R. Brent Anderson serves as an Independent Director of the company. He has served as a director of PUB and BAF since 2007. He is currently serving as a member of the Compensation Committee, the Enterprise Risk Management Committee and as the Chairman of the Audit and Compliance Committee. As a Certified Public Accountant, he served as an audit partner of Grant Thornton LLP in its Utah offices until 2004, providing assurance and consulting services for various publicly-held companies and community banking institutions. He has served as a consultant to financial institutions, including the Federal National Mortgage Association. He also previously served as a director and Chairman of the Audit Committee of Far West Bank. He has served both locally and nationally on AICPA and Grant Thornton LLP professional committees related to professional standards for financial institutions. He holds a Bachelor’s degree in Accounting from Weber State University and is a member of the American Institute of Certified Public Accountants (AICPA).

Deborah Bayle

Ms. Deborah S. Bayle serves as an Independent Director of the company. She has served as a director of PUB and BAF since January 2014 and serves as a member of the Nominating and Governance Committee and the Audit and Compliance Committee. She serves as the President and CEO of United Way of Salt Lake and has been in her position since 1999. She is active in community affairs and currently serves on the Governor’s Education Excellence Commission, the Founding Council of Prosperity 2020, the Utah Women and Education Initiative and the State Council of Workforce Services/State Workforce Investment Board. She is a trustee of the Mark and Kathie Miller Foundation and is a member of the Board of Directors of St. Mark’s Hospital. She is active with United Way at the national level and is a member of the National Professional Council and the High-Performing Board Initiative. She is also a member of the Utah Women’s Forum and the International Women’s Forum. She is a member of the Board Executive Committee, Women’s Leadership Council and Tocqueville Society of United Way of Salt Lake. From 2003 to 2008 she served as a director of the Federal Reserve Bank of San Francisco, Salt Lake City Branch. She attended Weber State University.

Matthew Browning

Mr. Matthew S. Browning has been appointed as Independent Director of the Company effective July 2017(effective at PUB’s July 2017 Board Meeting).He served previously on PUB’s banking subsidiary, People’s Intermountain Bank’s Salt Lake County Advisory Board from January 2016 through June 2017. From April 2014 to the present, Mr. Browning has served as the Chief Operating Officer of Snap! Finance, a digital finance company providing retailers with a secondary finance option in the financial tech space. He also, from 2012 to the present, has operated Rearden d’Anconia, an advisory, capital and service provider with expertise in banking and payments. From June 2006 to May 2012, he served with Target Bank, serving from 2009 to May 2012 as President. Mr. Browning received a Master of Business Administration from the University of Chicago, Booth School of Business and a Bachelor of Science in Business Administration from the University of Southern California. He is a graduate from ABA Stonier School of Banking, Wharton, University of Pennsylvania.

Douglas Swenson

Mr. Douglas H. Swenson serves as an Independent Director of the company. He has served as a director of PUB and BAF since 2013. He has served as a director of LSB since 2004, and Chairman of LSB since 2010. He is currently serving on the Compensation Committee and the Audit and Compliance Committee. He is on the Board of Directors and is the Executive Vice President and Chief Financial Officer of Jack’s Tires and Oil, Inc. where he has served since 1998. He is a Certified Public Accountant with 40 years’ experience including with Deloitte & Touche LLP and is a member of the AICPA. He is a graduate of Brigham Young University with a Bachelor of Science degree in Accounting. Mr. Swenson brings experience and expertise as a former audit partner in a public accounting firm, as a financial executive in the trucking services industry and as chairman of a bank board to the Board.