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Opus Bank (OPB.OQ)

OPB.OQ on NASDAQ Stock Exchange Global Select Market

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10 Dec 2018
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Summary

Name Age Since Current Position

Paul Greig

61 2018 Chairman of the Board, Interim President and Chief Executive Officer

Brian Fitzmaurice

57 2018 Vice Chairman of the Board, Senior Executive Vice President, Senior Chief Credit Officer

Edward Padilla

49 2018 Vice Chairman of the Board, Executive Vice President, Co-Chief Lending Officer, Head of Commercial Real Estate Banking

Kevin Thompson

44 2017 Chief Financial Officer, Executive Vice President

Jennifer Simmons

44 2015 Chief Operating Officer, Executive Vice President

Brian Williams

59 2017 Executive Vice President, Chief Administrative Officer

Dwayne Sharpy

53 2016 Executive Vice President, Chief Risk Officer

Jason Raefski

48 Executive Vice President, Treasurer

Balaji Krishna

42 2016 Executive Vice President, Chief Banking Officer & Head of Sales

Richard Sanchez

61 2016 Executive Vice President, Secretary

Geoffrey Anfuso

39 2016 Executive Vice President, Co-Chief Lending Officer, Head of Commercial and Specialty Banking

Jim Haney

61 2018 Executive Vice President, Head of Commercial Banking

Joseph Simpson

56 2017 Executive Vice President, Chief Audit Executive

Jim Strickland

2018 Senior Managing Director -Commercial Banking

Marsha Cameron

63 2018 Director

Mark Deason

40 2018 Director

Richard Thomas

69 2017 Director

Mark Cicirelli

43 2012 Independent Director

David King

59 2016 Independent Director

Michael Meyer

79 2010 Independent Director

Mark Schaffer

76 2010 Independent Director

Brett Villaume

2017 Senior Vice President, Director of Investor Relations

Biographies

Name Description

Paul Greig

Mr. Paul G. Greig re-designated as Chairman of the Board, Interim President and Chief Executive Officer of the Company with effective from November 26, 2018. has served as the Chairman of our Board of Directors since January 2018. Mr. Greig joined the Board in April 2017 as a Director, and was appointed to the role of Lead Independent Director in May 2017. Prior to joining our Board, Mr. Greig served as Chairman, President and CEO of FirstMerit Corporation, (“FirstMerit”) and its wholly-owned bank subsidiary, FirstMerit Bank N.A., from 2006 until its merger with Huntington Bancshares Incorporated in August 2016. Under his leadership, FirstMerit grew organically and through acquisition from $10 billion to over $26 billion in assets. From 2011 to 2013, Mr. Greig served as a director of the Federal Reserve Bank of Cleveland and served as a member of the Audit Committee and more recently as Vice President and Member of the Federal Reserve’s Federal Advisory Council. From 2005 to 2006, Mr. Greig served as President and Chief Executive Officer of Charter One Bank, Illinois. From 1999 to 2005, Mr. Greig served as President and Chief Executive Officer for Bank One Corporation, Wisconsin and for JPMorgan Chase Wisconsin from 2004 to 2005 following its acquisition of Bank One. Mr. Greig began his banking career with American National Bank in 1978. Mr. Greig’s philanthropic and board activities have included serving as Member of the Executive Committee for the Mid-Size Bank Coalition of America, Board Member of the American Bankers Association, Member of the Board of Trustees for the Cleveland Orchestra’s Musical Arts Association, and Trustee and Executive Committee Member for the Greater Cleveland Sports Commission. Mr. Greig earned a B.A. in economics from Wheaton College and an M.B.A. from DePaul University.

Brian Fitzmaurice

Mr. Brian Fitzmaurice is Vice Chairman of the Board, Senior Executive Vice President, Senior Chief Credit Officer of the Company. Mr. Fitzmaurice, a 35-year banking veteran, joined our Bank in November 2016 and was appointed a member of the Bank’s Executive Committee. Mr. Fitzmaurice was previously with City National Bank, a subsidiary of Royal Bank of Canada (“RBC”), where he served as Executive Vice President and Chief Credit Officer since February 2006. During his tenure at City National Bank, he was a member of the Executive, ALCO, Credit Policy, and Enterprise Risk Management Committees, as well as the Chief Risk Office’s Operating, U.S. Credit Risk, and U.S. Operational Committees of City National Bank’s parent, RBC. From 2002 to 2006, Mr. Fitzmaurice served as National Senior Risk Manager for Citigroup’s Commercial Markets Group. From 1998 to 2002, Mr. Fitzmaurice served as Senior Credit Officer Commercial Banking at CalFed, prior to its acquisition by Citigroup in 2002. From 1991 to 1998, Mr. Fitzmaurice served with Michigan National Bank, a subsidiary of National Australia Bank, rising to the position Head of Credit Bureau, a title equivalent to Chief Credit Officer. Mr. Fitzmaurice started his career with Bank of America in 1983, and subsequently held management level credit positions with Citicorp, Inc.; Merabank, FSB; and Westinghouse Credit Corporation. Mr. Fitzmaurice holds a Bachelor of Science degree in Business Administration with an emphasis in Marketing from Northern Arizona University.

Edward Padilla

Mr. Edward Padilla serves as Vice Chairman of the Board, Executive Vice President, Co-Chief Lending Officer, Head of Commercial Real Estate Banking of the Company. Mr. Padilla joined our Bank in July 2011 and is a 14-year banking veteran. Mr. Padilla initially served as our Senior Vice President and Senior Credit Administrator and was promoted to Head of Income Property Banking in July 2013. In July 2015, Mr. Padilla was promoted to Senior Vice President, President of Commercial Real Estate Banking. In November 2016, Mr. Padilla was promoted to Executive Vice President, Co-Chief Lending Officer, Head of Commercial Real Estate Banking and was appointed a member of the Bank’s Executive Committee. Prior to joining us, Mr. Padilla was Vice President for JP Morgan Chase Multifamily Finance and was a team lead within their Special Credit’s group. He was also a Senior Portfolio Manager managing a loan portfolio of over $700 million within the Real Estate Banking division and held the title of Senior Underwriter within the Commercial Term Lending division. At Washington Mutual, Mr. Padilla led the underwriting team for their Commercial Real Estate Lending division. Earlier in his career, Mr. Padilla served in senior underwriting and asset management roles with Deutsche Bank, Freddie Mac, and the Archon Group, a subsidiary of Goldman Sachs. Mr. Padilla actively served six years in the US Navy as an air crewman, is a Gulf War veteran and served in Operation Desert Shield. Mr. Padilla holds a B.S. in Finance and Business Economics and an M.B.A. in Business/Real Estate both from the University of Southern California.

Kevin Thompson

Mr. Kevin L. Thompson, CPA., serves as Chief Financial Officer, Executive Vice President of the Company. Kevin Thompson joined our Bank in November 2017. Mr. Thompson oversees our accounting and finance functions, including but not limited to, financial performance and reporting, strategic planning, income taxes and coordination of our external auditors and banking regulators. Prior to joining us, Mr. Thompson was Executive Vice President and Chief Financial Officer of Midland States Bancorp from 2016-2017 where he provided leadership and guidance in the bank’s strategic business planning and forecasting; evaluated merger and acquisition opportunities; and developed strategies to strengthen relationships with investors, investment bankers, research analysts, and regulatory agencies. From 2014 to 2016, Mr. Thompson served as Senior Vice President, Corporate Finance at Zions Bancorporation, where he managed all of the capital processes for the $65 billion asset bank, including CCAR and DFAST stress testing, policies, capital adequacy, and regulatory interactions. Mr. Thompson’s responsibilities at Zions also included managing its Capital Management Committee and the budgeting, forecasting, and implementation of capital rules and Basel III for Zions and its seven subsidiary banks. From 2010 to 2014, Mr. Thompson served as Chief Financial Officer and Treasurer at $35 billion asset American Express Centurion Bank, where he was responsible for developing the bank’s strategic plan; financial reporting; budgeting and forecasting; overseeing the Asset/Liability processes, including interest rate risk, liquidity, and implementation of the new liquidity rules; issuance of debt and equity; cash management; contract negotiations; and capital expenditures. Mr. Thompson joined American Express Centurion Bank in 2006, serving as the bank’s Controller. Earlier in his career,

Jennifer Simmons

Ms. Jennifer A. Simmons is Executive Vice President, Chief Operating Officer of the Opus Bank. Ms. Simmons joined our Bank in April 2014 as our Senior Vice President of Strategies and Growth. In October 2015, Ms. Simmons was promoted to Executive Vice President and Chief Operating Officer and was appointed a member of the Bank’s Executive Committee. Ms. Simmons is responsible for leading, managing, and directing the operational and support functions of our Bank, including Banking Operations, Information Technology, Project Management, Corporate Real Estate, and Vendor Management and Procurement, as well as acquisition integration, and process improvement and efficiency management. Ms. Simmons, a 23-year banking veteran, served as SVP, Business Manager of the Business Banking Group at Union Bank from 2010 to 2014, where she led an 18 person team responsible for strategic planning and governance, sales processes, operations, projects, technology, systems administration, incentive design and administration, data integrity, analytics and reporting, business model development, product development, acquisition due diligence and integration, pricing tool design and administration, business process improvement, policy and guidelines and procedure administration, and audit planning. From 2008 to 2010, Ms. Simmons served in senior leader positions at Wachovia and at Wells Fargo following its acquisition of Wachovia in 2008, including serving as SVP, Northern California Director and Business Banking Group Transition Leader. From 1993 to 2008, Ms. Simmons held numerous leadership positions with Bank of America, serving most recently as SVP, Sales Performance Executive where she co-led the Pacific Southwest Business Banking, which comprised 11 Market Executives and over 250 Associates. Ms. Simons holds a B.A. in Political Science from the University of Florida and graduated from the Pacific Coast Banking School with honors.

Brian Williams

Mr. Brian C. Williams is Executive Vice President, Chief Administrative Officer of the Company. Mr. Williams, a 36-year banking veteran, joined our Bank in July 2017 and was appointed a member of the Bank’s Executive Committee. Mr. Williams was previously with FirstMerit, the holding company of FirstMerit Bank N.A., where he served as Executive Vice President, Chief Audit Executive from 2008 to 2014 and Executive Vice President, Chief Risk Officer from 2014 until its merger with Huntington Bancshares Incorporated in August 2016. During his tenure at FirstMerit, Mr. Williams served as a member of FirstMerit’s Executive, ALCO, Enterprise Risk Management, and Technology Committees, and reported directly to FirstMerit’s Chairman and Chief Executive Officer and its Board of Directors’ Risk and Audit Committees. Mr. Williams developed and led the Risk Management function at FirstMerit, as well as performed internal audit integration work for the bank’s acquisition of Citizens Republic Bancorp in 2012. Prior to joining FirstMerit, Mr. Williams spent 27 years at Huntington Bancshares, Inc., the holding company for The Huntington National Bank, where he served in various Audit, Operational, and Risk Management positions rising to the level of Senior Vice President. Mr. Williams holds a Bachelor of Science degree in Accounting from The Ohio State University. Mr. Williams also holds professional designations as Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA), as well as the Six Sigma Black Belt from The Ohio State University, Fisher College of Business.

Dwayne Sharpy

Mr. Dwayne A. Sharpy is Executive Vice President, Chief Risk Officer of the Company. Mr. Sharpy, a 30-year banking veteran, joined our Bank in May 2016 and was appointed a member of the Bank’s Executive Committee. Mr. Sharpy was previously with JPMorgan Chase Bank, N.A., where he served as Compliance Managing Director – Commercial Banking, having joined JPMorgan Chase in 2006. While at JPMorgan Chase, Mr. Sharpy was responsible for the implementation, management, and administration of the comprehensive compliance program for Commercial Banking, including management of regulatory relationships with external banking and securities regulators such as the OCC, CFPB, SEC, FINRA, and NYSE. Mr. Sharpy served as a key member of the Commercial Banking Management and Risk Committees and was responsible for ensuring compliance with all federal, state, municipal, and local rules and regulations for both banking and securities regulators. From 1995 to 2003, Mr. Sharpy served as Risk Management – Chief Operating Officer, Private Clients & Asset Management Division of Deutsche Bank AG, where he was responsible for the entire review of the Global Private Client and Asset Management business, including the review of global credit and operational risk internal controls, identification of Best Practices, streamlining risk management processes and procedures and the development and implementation of enhanced global risk management strategy. Earlier in his career, Mr. Sharpy served with Bank of America focusing on credit risk management and KPMG Peat Marwick with a financial services specialization. Mr. Sharpy holds a Bachelor of Science in Business Administration from Massachusetts College, where he graduated with honors, and holds a certificate in Financial Risk Management from New York University.

Jason Raefski

Mr. Jason Raefski is Executive Vice President, Treasurer of the company. Mr. Raefski is a 25-year banking veteran who joined our Bank in May 2013. Mr. Raefski’s areas of oversight include the Bank’s treasury and capital markets activities, asset/liability and interest rate risk management, liquidity management, financial planning and analysis, budgeting and forecasting, and cash management. Prior to joining us, Mr. Raefski was with Sunwest Bank, where he served as EVP, Chief Financial Officer from 2007 to 2013. As CFO of Sunwest, Mr. Raefski engaged in multiple bank acquisitions, and focused on balance sheet, tax, capital, and risk management strategies and earnings improvement. Earlier in his career, Mr. Raefski served as Senior Vice President, Director of Finance for CCBI from its formation through its sale to Washington Mutual for approximately $1 billion in an all cash transaction in October 2006. Mr. Raefski started his career with the investment banking firm Sandler O'Neill & Partners in 1992. Mr. Raefski holds a Bachelor of Science in Economics and Finance from Bentley University.

Balaji Krishna

Mr. Balaji Krishna serves as Executive Vice President, Chief Banking Officer & Head of Sales of the Company. Mr. Krishna, a 17-year banking veteran, joined our Bank in December 2010 as a Vice President in our Retail Banking division. In July 2013, Mr. Krishna was promoted to Senior Vice President, Head of Sales. In December 2016, Mr. Krishna was promoted to Executive Vice President and Chief Banking Officer and was appointed a member of the Bank’s Executive Committee. Prior to joining us, Mr. Krishna held various roles across increasing areas of responsibility including overseeing business development and treasury management sales, retail banking and sales management at community banks in Southern California, including at CCB. From 2001 to 2005, Mr. Krishna served in business development and wealth management roles in Bank of America’s Premier Banking group and Banc of America Investments. Mr. Krishna began his banking career in Florida in 1999 in BankUnited’s banking and wealth management divisions.

Richard Sanchez

Mr. Richard A. Sanchez is Executive Vice President, Secretary of the company. He was Chief Administrative Officer, Director of the Company. Additionally, Mr. Sanchez currently serves as a director of the Opus Community Foundation. Mr. Sanchez previously served as an Executive Vice President and Chief Administrative Officer of Fremont and FRC from November 2007 to September 2008 and as Interim President and Chief Executive Officer of Fremont and FRC from October 2008 to July 2010. He served as a director of Fremont and FRC from March 2008 to June 2010. Prior to his role at the Fremont companies, Mr. Sanchez’s experience (2002-2007) included serving as a Director, Chief Administrative Officer and Corporate Secretary for CCBI and CCB. Mr. Sanchez served as a director for both companies from November 2005 through the acquisition by Washington Mutual in October 2006. From 1993 to 2002, Mr. Sanchez was Deputy Regional Director for the Office of Thrift Supervision, or OTS, in the Western region. Mr. Sanchez directed the corrective actions of federally chartered thrifts found to be operating in an unsafe and unsound condition, or not operating in compliance with laws, regulations or federal regulatory policies. Mr. Sanchez was the recipient of Treasury Secretary Awards in 1994 and 1996 in connection with the resolution of seriously troubled thrifts at no cost to the Resolution Trust Corporation or Savings Association Insurance Fund. Mr. Sanchez supervised six assistant directors and a staff of approximately 100 professionals located in San Francisco, Seattle, and Southern California. Mr. Sanchez spent the ten previous years at the OTS and its predecessor agency in various capacities, which included Assistant Director with supervisory responsibilities for both problem institutions and large institution groups. Mr. Sanchez holds a B.S. in business administration from California State University, San Francisco.

Geoffrey Anfuso

Mr. Geoffrey (Geoff) Anfuso is Executive Vice President, Co-Chief Lending Officer, Head of Commercial and Specialty Banking of the Company. Mr. Anfuso, a 14-year banking veteran, joined our Bank in May 2013 as Senior Managing Director - Institutional Syndications and was promoted to Senior Vice President, Head of Commercial and Specialty Banking in October 2016. In November 2016, Mr. Anfuso was promoted to Executive Vice President and was appointed a member of the Bank’s Executive Committee. From 2010 to 2013, Mr. Anfuso served with Wells Fargo Bank as Senior Vice President – Team Lead, Commercial Banking Group and was responsible for structuring credit facilities for working capital, acquisitions, equipment, and real estate transactions and the business development efforts of his team. Earlier at Wells Fargo, Mr. Anfuso served as Senior Vice President, Underwriting Manager within the Specialty Finance group. Mr. Anfuso began his career in 2001 as a consultant with PricewaterhouseCoopers, L.L.P. (“PwC”) and FTI Consulting, Inc. subsequent to its acquisition of PwC’s U.S.-based restructuring business in 2002. Mr. Anfuso holds a Bachelor of Science in Business Administration from the University of Southern California.

Jim Haney

Mr. Jim Haney is Executive Vice President, Head of Commercial Banking of the Company. Mr. Haney, a 32-year banking veteran, joined our Bank in February 2018 as Executive Vice President, Head of Commercial and Specialty Banking. From 2006 to 2018, Mr. Haney served with City National Bank (“CNB”) as Senior Vice President and Regional Manager – Los Angeles Metro Region. While at CNB, Mr. Haney was responsible for offices with approximately $1.5 billion in loans outstanding, $2.4 billion in loan commitments, and $2.4 billion in core deposits. From 2002 to 2006, Mr. Haney served as Senior Vice President, Los Angeles Market Director for Citibank Commercial Banking. From 1998 to 2002, Mr. Haney served as the Los Angeles Market Manager for Commercial Banking at California Federal Bank (“CalFed”) until its acquisition by Citibank in 2002. From 1996 to 1998, Mr. Haney served as Director of Business Banking for CalFed, and since 1985 served in various capacities at Bank of America, including Commercial Banking, Business Banking, Retail Banking and Sales Management. Prior to joining Bank of America, Mr. Haney spent four years in the securities industry. Mr. Haney holds a Bachelor of Science degree from the University of Utah.

Joseph Simpson

Mr. Joseph R. Simpson has been appointed as Executive Vice President, Chief Audit Executive of the Company, with effective from July 17, 2017. Mr. Simpson, a 30-year banking veteran, joined our Bank in July 2017. Mr. Simpson is responsible for supervision and operation of the Bank’s internal audit function. Prior to joining us, Mr. Simpson was with HealthNow New York, an independent licensee of the BlueCross BlueShield Association, where he served as Director of Enterprise Risk Management from 2016-2017. From 2013 to 2016, Mr. Simpson served as Chief Audit Executive at First Niagara Bank, where he directed a team of 40+ professionals and reported to the Chief Executive Officer and Chair of the Board of Directors’ Audit Committee. During his tenure at First Niagara, Mr. Simpson re-engineered their Internal Audit function and implemented a comprehensive transformation of the department’s risk assessment and audit processes before the bank’s sale to KeyBank in 2016. Prior to joining First Niagara, Mr. Simpson spent 24 years at HSBC Bank USA, where he served in various financial reporting positions, rising to the position of Chief Accounting Officer for all North American operations in 2006 and also headed HSBC’s Global Finance, Tax and Capital Audit functions from 2010 to 2013. Mr. Simpson started his career at PricewaterhouseCoopers in Buffalo, NY. He holds a Bachelor of Science degree in Accounting from Canisius College in Buffalo, NY, where he graduated Magna Cum Laude. Mr. Simpson is a member of the American Institute of Certified Public Accountants.

Jim Strickland

Mr. Jim Strickland is Senior Managing Director -Commercial Banking of the Company. Strickland joins Opus Bank most recently from City National Bank (CNB), a subsidiary of Royal Bank of Canada (RBC), where he served as Senior Vice President and Relationship Manager Commercial Banking since 2015. While at City National Bank, Strickland was responsible for developing and maintaining a portfolio of middle market commercial clients in the San Fernando Valley and Santa Clarita Valley regions of Los Angeles County. From 2010 to 2015, Strickland served as Senior Vice President, Business Banking at Citibank, where he provided tailored relationship-based commercial banking and treasury management products, services, and solutions to middle market companies. From 2003 to 2010, Mr. Strickland served at U.S. Bank, where he led a team responsible for growing commercial banking loan production in the San Fernando and Santa Clarita Valleys. Strickland began his career in 1989 with Security Pacific Bank.

Marsha Cameron

Ms. Marsha Cameron is Director of the Company. Ms. Cameron has over 30 years of experience in the areas of executive compensation program design, compensation market analysis, performance management, goal setting, and merger integration. Ms. Cameron co-founded Paradox Compensation Advisors in 2009 and continues to serve as Managing Partner. With 22 years of experience specific to compensation consulting, Ms. Cameron is a pioneer in the use of statistical analyses and technology in the compensation field, specializing in pay programs for both executive and broad-based employees. Ms. Cameron served as a member of the Board of Directors of State National Companies ("SNC") from 2014 until its acquisition by Markel Corporation for approximately $915 million in November 2017. As a director of SNC, Ms. Cameron served on the board's Nominating and Audit Committees and as Chair of the Compensation Committee. Prior to launching her successful consulting career in 2004, Ms. Cameron served in senior administration and human resources roles for TXU Energy; Aperian, Inc.; and GTE Corporation. From 1990 to 1995, Ms. Cameron served as Senior Consultant and Practice Leader for Watson Wyatt, now Willis Towers Watson, and in 1993 was promoted to Worldwide Practice Compensation Leader. Ms. Cameron began her career in 1984 with Towers Perrin. Ms. Cameron received a B.S. degree in Sociology from the University of California, Riverside and a M.S. in Sociology, with an emphasis in Statistics and Organizations from Columbia University, where she was a Paul F. Lazarsfeld Fellow. Ms. Cameron is a member of the Society of Human Resources Management ("SHRM") and the National Association of Corporate Directors – North Texas, and past Chair of the Compensation Committee of the Dallas Symphony.

Mark Deason

Mr. Mark Deason is Director of the Company. joined the Board of Directors on February 26, 2018. Mr. Deason serves as Managing Director and Head of U.S. Asset Management of Starwood. In this role, Mr. Deason is responsible for overseeing management of all of Starwood’s non-hotel assets, as well as Starwood’s development function in the U.S. While at Starwood, Mr. Deason has negotiated and supervised Starwood’s participation in a wide variety of equity and debt investment structures in a variety of industries, including commercial, hospitality and residential asset acquisitions and developments. Prior to joining Starwood in 2003, Mr. Deason worked for Merrill Lynch in the firm’s real estate investment banking group, assisting West Coast real estate, hospitality, and gaming companies with a range of capital origination and M&A activities. Mr. Deason received a B.A. degree in business economics with a minor in accounting from the University of California, Los Angeles. He is a policy board member at the Fisher Center for Real Estate and Urban Economics, and is a member of the Milken Institute and the Urban Land Institute. Mr. Deason is a member of the Compensation Committee and the Nominating and Corporate Governance Committee. Mr. Deason’s qualifications to serve on our Board of Directors include his experience at Starwood with responsibilities for asset management, capital origination and M&A activities.

Richard Thomas

Mr. Richard Thomas serves as Director of the Company. has served as a member of our Board of Directors since August 2017. His professional career spans over 35 years within the financial services and accounting and audit industries. He most recently served as Executive Vice President and Chief Financial Officer of CVB Financial Corp. and its principal subsidiary, Citizens Business Bank, from 2010 to 2016. During his tenure, CVB grew organically and through acquisitions from $6.4 billion to $8.3 billion in assets. From 2009 to 2010, Mr. Thomas served as Executive Vice President and Chief Risk Officer of Community Bank in Pasadena, where he developed a risk-based audit program and oversaw internal audits, including the documentation and testing of internal controls, in operations, regulatory compliance and credit reviews. Prior to Community Bank, Mr. Thomas was an audit partner at Deloitte & Touche LLP for 22 years leading teams in auditing financial statements and internal controls certifications, consulting in accounting, regulatory compliance, cost reduction strategies, and public filings, including registration statements, and mergers and acquisitions. Mr. Thomas holds a Bachelor of Business degree in Accountancy from Western Illinois University and is a member of the American Institute and California Society of Certified Public Accountants.

Mark Cicirelli

Mr. Mark Cicirelli is Independent Director of the Company, since March 2012. has served as a member of our Board of Directors since March 2012. Mr. Cicirelli is a Portfolio Manager at Elliott Management Corporation, a multi-strategy hedge fund with approximately $32 billion of assets under management. Mr. Cicirelli joined Elliott in 2005 and specializes in financial services and real estate. Prior to joining Elliott, Mr. Cicirelli worked at the private equity firm Thomas H. Lee Putnam Ventures, and in the investment banking division of J.P. Morgan & Co., both in New York. Mr. Cicirelli received his A.B., cum laude, from Dartmouth College. He received his M.B.A. from Harvard Business School with honors. As part of his work at Elliott, Mr. Cicirelli has served on various boards of directors, including those associated with investments in insurance and real estate Mr. Cicirelli is a member of the Audit Committee, the Risk Oversight Committee, and the Compensation Committee. Mr. Cicirelli’s qualification to serve on our Board of Directors include his experience as a Portfolio Manager for Elliott specializing in financial services and real estate investments and his prior work with both private equity (Thomas H. Putnam Lee Ventures) and investment banking (J.P. Morgan) firms.

David King

Mr. David King, J.D., is a Independent Director of the Company. has served as a member of our Board of Directors since October 2016. Mr. King is Managing Director of Fortress’s Credit Funds business. Prior to joining Fortress in 2014, Mr. King founded and led Culpeper Capital Partners LLC. Mr. King was formerly a Senior Managing Director at Bear Stearns Merchant Banking and its successor firm Irving Place Capital, a middle-market private equity firm from 2001 to 2011. Prior to that, he was a Managing Director of McCown De Leeuw & Co. from 1990 to 2000. From 2007 to June 2014, Mr. King served on the Board of Doral Financial, and he currently serves on the Boards of State National and a number of private companies in the financial services sector. Mr. King earned his B.A. at Rice University, his M.S. at SUNY Stony Brook and his MBA at Stanford University. Mr. King is a member of the Audit Committee, the Risk Oversight Committee, and the Nominating and Corporate Governance Committee. Mr. King’s qualifications to serve on our Board of Directors include his experience at Fortress running the credit funds business, his experience at private equity firms, and his prior service on the boards of directors of certain entities.

Michael Meyer

Mr. Michael L. Meyer is Independent Director of the Company, since September 2010. has served as a member of our Board of Directors since September 2010. Mr. Meyer is a private real estate investor and, since 1999, has been Chief Executive Officer of the Michael L. Meyer Company, a principal of and/or manager of real estate entities and provides those entities with property acquisition, financing, and management services and advice. Since June 2006, Mr. Meyer has also been a principal of Twin Rock Partners, LLC (formerly AMG Realty Investors, LLC), a commercial and residential real estate investment company. From 2000 to 2003, Mr. Meyer was a principal in Advantage 4 LLC, a provider of telecommunications systems for real estate projects. From 1999 to 2003, Mr. Meyer was also a principal of Pacific Capital Investors, which acquired non-performing loans secured by real estate in Japan. From 1974 to 1998, Mr. Meyer was a Managing Partner – Orange County of the E&Y Kenneth Leventhal Real Estate Group of Ernst & Young, LLP and its predecessor. Mr. Meyer is a director of KBS Legacy Partners Apartment REIT, KBS Strategic Opportunity REIT, and KBS Strategic Opportunity REIT II. Mr. Meyer was previously a director of City National Corporation and City National Bank, Paladin Realty Income Properties Inc., William Lyon Homes, and the Building Industry Alliance Foundation; chair of the United Way’s Alexis de Tocqueville Society; chair of the advisory board of the real estate program and current executive advisory board member of the University of California, Irvine Paul Merage School of Business - Center for Real Estate; and Associate of the USC Lusk Center for Real Estate. He also is a member of the Urban Land Institute, and American Institute and California Society of Certified Public Accountants. Mr. Meyer was inducted into the California Building Industry Foundation Hall of Fame in June of 1999 for outstanding achievements in the real estate industry and community.

Mark Schaffer

Mr. Mark E. Schaffer is Independent Director of the Company, since September 2010. has served as a member of our Board of Directors since September 2010. Mr. Schaffer served as an independent director of Fremont and FRC from January 2008 to June 2010. He was the chairman of Fremont’s Legal Committee and also served on the company’s audit and compensation committees. Prior to the Fremont companies, Mr. Schaffer served as a director of CCB, a federally chartered savings bank and wholly owned subsidiary of CCBI, from March 2003 until October 2006, when CCBI was acquired by Washington Mutual. Mr. Schaffer also served as a director of CCBI from February 2004 to June 2004. From February 2003 until June 2009, Mr. Schaffer served as a managing director of Shamrock Capital Advisors, Inc.’s Real Estate Group and its Genesis Funds. Shamrock Capital Advisors, Inc. is the investment advisor affiliate of Shamrock Holding, Inc., the investment vehicle for the Roy E. Disney family. Prior thereto, Mr. Schaffer worked as a management consultant for a private real estate company. He has previously served as president of Lowe Enterprises Realty Services, where he administered an $800 million portfolio of commercial, industrial, and residential assets. Mr. Schaffer started his career with Tuttle & Taylor, a Los Angeles based law firm specializing in real estate and corporate law, where he became the managing partner of the firm. Mr. Schaffer holds a B.S. from the University of California, Berkeley, and a Juris Doctor degree from the University of Southern California.

Brett Villaume