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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

77 2003 Independent Chairman of the Board

Len Williams

59 2018 President, Chief Executive Officer, Director

Dale Gunther

79 2006 Independent Vice Chairman of the Board

Mark Olson

54 2018 Chief Financial Officer, Executive Vice President

Rick Anderson

62 2017 Chief Operating Officer, President and Chief Operations Officer of PIB

David Anderson

62 2017 Director, Executive Vice President,Chief Credit Officer

Lane Wilson

64 Senior Vice President, Chief Sales Officer

Erich Sontag

59 Senior Vice President, Commercial Banking

Richard Beard

65 2018 Director

Fred Fairclough

68 2000 Director

Wolfgang Muelleck

68 2017 Director

R. Brent Anderson

70 2007 Independent Director

Deborah Bayle

66 2014 Independent Director

Matthew Browning

45 2017 Independent Director

Jonathan Gunther

42 2017 Independent Director

Douglas Swenson

67 2013 Independent Director

Biographies

Name Description

Paul Gunther

Mr. Paul R. Gunther serves as Independent Chairman of the Board of the Company. Prior to PUB being formed he was a director of BAF since 1984. From 1989 to 2014 he served as Plan Administrator to various businesses in bankruptcy, principally in the retailing industry, after which he retired. 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. Paul R. Gunther and Dale O. Gunther are brothers. Jonathan B. Gunther is a nephew of Paul R. Gunther and Dale O. Gunther. Mr. Gunther brings extensive experience and expertise in serving as chairman of the board and director, executive-level leadership in finance and strategic business decision making to the Board.

Len Williams

Mr. Len E. Williams serves as President, Chief Executive Officer, Director of the Company. On January 2, 2018, Mr. Williams became the Company’s President and Chief Executive Officer. Mr. Williams is the former Director, President and Chief Executive Officer of Home Federal Bancorp, a public company. He remained in that position until the company was sold in 2014, after which he retired until his employment with the Company. Mr. Williams has over 35 years of successful commercial banking experience serving in many regional and national bank leadership roles. Mr. Williams holds a M.B.A from the University of Washington and is a graduate of the Pacific Coast Banking School. Mr. Williams brings a strong banking and commercial lending background, mergers and acquisitions, and public company experience.

Dale Gunther

Mr. Dale O Gunther serves as Independent Vice Chairman of the Board at the Company. Prior to PUB being formed he was a director of BAF since 1971. He served as President and CEO of the Company from 1988 to 2005, after which he retired. He currently serves as a member of the Compensation Committee, and the Nominating and Governance Committee. He is President, Chief Executive Officer, and a member of the board of Alpine Financial LLC. He holds a Bachelor of Science degree in Finance and Banking from Brigham Young University and is a graduate of Pacific Coast Banking School. Dale O. Gunther and Paul R. Gunther are brothers. Jonathan B. Gunther is a nephew of Paul R. Gunther and Dale O. Gunther. Mr. Gunther brings leadership skills, his long career in the banking industry in various executive positions in the Company and the Utah Bankers Association and brings valuable knowledge of local real estate trends to the Board.

Mark Olson

Mr. Mark K. Olson is Chief Financial Officer, Executive Vice President of the Company. Mr. Olson has more than 28 years of financial services and public accounting experience, and has held a number of senior financial management positions. Most recently, Mr. Olson served as EVP and CFO of California Republic Bank in Newport Beach, CA until its sale to Mechanics Bank in 2016, after which in 2017 Mr. Olson joined PIB as Executive Vice President and Chief Financial Officer. Prior to California Republic Bank, Mr. Olson was EVP and CFO at Heritage Oaks Bank in Paso Robles, CA. Prior to Heritage Oaks Bank, Mr. Olson was EVP and CFO at Santa Barbara Bank & Trust, in Santa Barbara, CA until it was sold to Union Bank. Prior to Santa Barbara Bank & Trust, Mr. Olson was VP and Finance Director at Goldman Sachs Bank in Salt Lake City, UT. Prior to Goldman Sachs Bank, Mr. Olson held a number of senior financial positions at Western Financial Bank until it was sold to Wachovia Corporation. Mr. Olson is a Certified Public Accountant and a member of the AICPA. He is a graduate of Utah State University with a Bachelor’s degree in Accounting.

Rick Anderson

Mr. Rick W. Anderson serves as Chief Operating Officer, President and Chief Operations Officer of PIB of the Company. He has been in the banking industry for over 37 years, having served as Chief Financial Officer and Chief Operating Officer of Far West Bank before it was acquired by another banking organization in 2006. He holds a Bachelor of Science degree in Business Management from Brigham Young University.

David Anderson

Mr. David Glenn Anderson serves as Director, Executive Vice President,Chief Credit Officer of the Company. He has served as Senior Vice President and Chief Credit Officer since November 2013, Senior Vice President, Loan Administration since 2004, and has been with the Company since 1973. He holds a Bachelor of Science degree in Business Management from Brigham Young University and is a graduate of the Pacific Coast Banking School.

Lane Wilson

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

Erich Sontag

Mr. Erich S. Sontag is Senior Vice President, Commercial Banking of the Company. Mr. Sontag has more than 32 years in the financial services sector. Previously, Mr. Sontag served as Regional President and Division Manager of Banner Bank. Prior to Banner Bank, Mr. Sontag was Northern Utah President and Executive Vice President of Wells Fargo Bank. Mr. Sontag has held other positions in banking including Vice President at First Security Bank. Mr. Sontag is a Certified Public Accountant and Real Estate Broker. He has a M.B.A. from the University of Utah and a Bachelor of Science degree in Economics and Accounting from Eastern Oregon State University.

Richard Beard

Mr. Richard T. Beard serves as Director of People's Utah Bancorp. He served as Chief Executive Officer and President of PUB since January 2006 until he retired on January 2, 2018. He served on the Federal Deposit Insurance Corporation Community Bank Advisory Board in Washington D.C. He has served as a member of the Board of Directors of the Utah Bankers Association. He also served 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 has been a Past Chairman of the Board of Directors of Western Independent Bankers, based in San Francisco, California. 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. Mr. Beard brings extensive expertise and experience to the Board from 26 years in the legal profession advising clients in various industries, including the Company, on mergers and acquisitions, securities matters and his 13 years of experience as the former President and CEO of the Company advising the Board on strategic matters.

Fred Fairclough

Mr. Fred W. Fairclough, Jr. serves as Director of the Company. He was a consultant from 1998 to 2017 to Bonneville Real Estate Capital, formerly known as Bonneville Mortgage Company, a Salt Lake City, Utah commercial mortgage banking firm he co-founded in 1976. He currently serves on the Board of Directors at various community organizations. 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. David G. Anderson and Fred W. Fairclough, Jr. are brothers-in-law. Mr. Fairclough brings experience as an executive in the commercial real estate lending industry, a director of numerous boards and, extensive knowledge of local real estate development and business markets to the Board.

Wolfgang Muelleck

Mr. Wolfgang T. N. Muelleck serves as Director of the Company. He served as Executive Vice President and Chief Financial Officer of PUB from January 2004 until he retired on January 2, 2018. He currently serves as the Company’s Chairman of the Enterprise Risk Management Committee and as a director of a California-based business services company. He previously served on the advisory committee to the Federal Home Loan Bank of Des Moines. He was a partner with Ernst & Young serving various publicly held clients. 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 20 year career as a director and financial executive in the banking industry, negotiating and managing mergers and acquisitions, and his 15 year career in public accounting auditing and advising clients in public company matters.

R. Brent Anderson

Mr. R. Brent Anderson serves as Independent Director of the Company. He is currently serving as Chairman of the Audit and Compliance Committee, and as a member of the Compensation Committee, the Enterprise Risk Management Committee, and Nominating and Governance Committee. He is currently retired. 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) and is a Certified Public Accountant. Mr. Anderson brings extensive experience and expertise as a former audit partner in an international public accounting firm serving a number of financial institutions, his experience as a previous chairman of the audit committee and director of another financial institution and executive-level experience to the Board.

Deborah Bayle

Ms. Deborah S. Bayle serves as Independent Director of the Company. She serves as the Chairperson of the Nominating and Governance Committee, as a member of the Audit and Compliance Committee and the Compensation Committee. She retired as the President and CEO of United Way of Salt Lake after 16 years of service in 2016. She is currently a consultant to non-profit organizations. She currently serves on the Board of Directors or Committees of various community organizations. She previously spent six years as director of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco. She is an alumnus of Weber State University. Ms. Bayle brings extensive experience in executive-level leadership and innovation, and strategic business decision-making to the Board.

Matthew Browning

Mr. Matthew S. Browning is Independent Director of the Company. Since 2014, Mr. Browning has served as COO of Snap! Finance, a technology-based, alternative-financial-services company. Prior to Snap! Finance, he served as President of Target Bank, the issuer of credit cards and gift cards for Target, the national retailer, from 2007-2012. He has more than 20 years of strategy, finance and operations experience from his roles in general management, corporate strategy, consulting, turnaround work, and investment banking. While his experience spans many industries, he brings particular expertise in the nexus of financial services and technology. Mr. Browning has served in leadership roles of state and national banking trade associations. He holds an MBA from the University of Chicago, Booth School of Business, a B.S. in Business from the University of Southern California, and he completed the Stonier Graduate School of Banking program at Wharton. Mr. Browning brings leadership and management experience along with his many years of financial services and related technologies experience to the Board.

Jonathan Gunther

Mr. Jonathan B. Gunther is Independent Director of the Company. He is a member of the Nominating and Governance Committee and the Enterprise Risk Management Committee. Jonathan is the nephew of Paul R. Gunther and Dale O. Gunther. He holds a Doctor of Medicine degree from Columbia University, and is Board-certified in Ophthalmology and holds a B.S degree in Finance from Brigham Young University. He has been a practicing physician since 2005, President of Excel Eye Center and a partner/manager of various commercial office buildings. Mr. Gunther brings experience in executive management and commercial real estate to the Board.

Douglas Swenson

Mr. Douglas H. Swenson serves as Independent Director of the Company. He served previously as a director of LSB since 2004 and Chairman of LSB since 2010. He is currently serving as Chairman of the Compensation Committee and on the Audit and Compliance Committee. He is on the Board of Directors and is currently the Executive Vice President and Chief Financial Officer of Jack’s Tire and Oil, Inc. where he has served since 1998. He is also a member of the board of directors of Vision Insurance Company in connection with the Jack’s Tire and Oil, Inc. insurance program. He also serves as a trustee for Logan Regional Hospital. He is a Certified Public Accountant with 40 years of experience 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 a former chairman of the Board of Lewiston State Bank.

Basic Compensation