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Anchor Bancorp Inc (ANCB.OQ)

ANCB.OQ on NASDAQ Stock Exchange Global Market

24.90USD
8 Dec 2017
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$0.15 (+0.61%)
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Summary

Name Age Since Current Position

Robert Ruecker

68 1984 Independent Chairman of the Board

Jerald Shaw

71 2008 President, Chief Executive Officer, Director

Terri Degner

53 2007 Chief Financial Officer, Executive Vice President, Treasurer, Director

Gary Koch

62 2014 Executive Vice President

Reid Bates

56 2013 Independent Director

George Donovan

61 1998 Independent Director

Douglas Kay

60 1991 Independent Director

Gordon Stephenson

51 2016 Independent Director

Biographies

Name Description

Robert Ruecker

Mr. Robert D. Ruecker is an Independent Chairman of the Board of Anchor Bancorp Inc. Mr. Ruecker retired as Human Resources Coordinator for Westport Shipyard, a position he held from August 2008 until July 2012. Prior to that, he served as the Human Resources Director for Grays Harbor Paper, L.P., a business papers manufacturer, from September 2000 until June 2007. He worked for many years in his family’s hardware business, and ran the business upon his parents’ retirement. Subsequent to that time, he became a regional sales manager for Verizon Wireless where he oversaw the capture of number one industry market share for his region. More recently, Mr. Ruecker has assumed duties as human resource director for manufacturing companies located in our operating area. He provides insight into current and proposed legislation. Mr. Ruecker brings nearly 40 years’ worth of multi-level management experience to our Board. Currently, he volunteers for Relay for Life and the Thurston County Chamber of Commerce/Olympia Yacht Club Military Appreciation Day. He is also the past president of Grays Harbor Chamber of Commerce and the Grays Harbor YMCA.

Jerald Shaw

Mr. Jerald L. Shaw is President, Chief Executive Officer, Director of Anchor Bancorp Inc. Since July 2006. He has also served in those capacities for Anchor Bancorp since its formation in September 2008. Prior to serving as President and Chief Executive Officer, he served as Chief Operating Officer from 2004 to 2006 and as Chief Financial Officer from 1988 to 2002. Prior to that, he served Anchor Bank and its predecessor, Aberdeen Federal Savings and Loan Association, in a variety of capacities since 1976. Prior to that time, Mr. Shaw piloted C-130 aircraft for the U.S. Air Force, including numerous combat missions during the Vietnam War. Having performed virtually every position at Anchor Bank, he has extensive knowledge of our operations. He is a distinguished graduate of the School for Executive Development of the U.S. League of Savings Institutions at the University of Washington. Mr. Shaw is also a graduate of the Asset Liability Management School of America’s Community Bankers, and many other educational programs. He is a member of the Board of Trustees for the Thurston County Chamber of Commerce, as well as South Sound YMCA. Mr. Shaw also holds a position on the Board of Washington Banker’s Association.

Terri Degner

Ms. Terri L. Degner is Chief Financial Officer, Executive Vice President, Treasurer, Director of Anchor Bancorp Inc. Positions she has held since 2004. She has also served in those capacities for Anchor Bancorp since its formation in September 2008. Prior to serving as Executive Vice President, Chief Financial Officer and Treasurer, Ms. Degner has served Anchor Bank in a variety of capacities since 1990, including as Senior Vice President and Controller from 1994 to 2004. Ms. Degner has been in banking since high school. She has worked in multiple lending positions in various size institutions. Since 1990, she has held a variety of positions in the finance area of Anchor Bank. Ms. Degner demonstrated her determination to succeed when she worked full time in Anchor’s Accounting Department and commuted 60 miles to evening classes at St. Martin’s College where she received her Bachelor’s Degree in Accounting. At the same time she worked full days and met all expectations for performance. In 2000, she graduated from the Pacific Coast Banking School at the University of Washington in the top 10% of her class and her thesis was published in the University’s library. She has become the management expert on issues ranging from information technology to asset liability management. Ms. Degner also serves on the board of directors and finance committee of NeighborWorks of Grays Harbor, sits on the St. Martin’s University Accounting Advisory Committee and is on the Executive Committee of the Providence St. Peter Foundation Christmas Forest.

Gary Koch

Mr. Gary P. Koch is a Executive Vice President of the Company. Since December 2014. In his current capacity, Mr. Koch serves on many Bank committees, including Chairman of the Executive Loan Committee, and as a member of Executive Management, Senior Management, Risk Management, ALCO, IT, Loan Policy, and Problem Asset committees. Mr. Koch has more than 37 years in banking and finance, beginning in 1976 as an investment officer with National Bank of Alaska. From 1983 until 1989 he served as Senior Vice President Investments and Funds Management for Key Bank of Alaska and Chief Investment Officer and a Director of Key Trust Company of Alaska. From 1989 until 2009 he served in a variety of positions, including most recently as Senior Vice President and Team Leader for Business Banking in Southwest Washington. From 2010 until 2014, he was Commercial Banking Officer at Fife Commercial Bank, Fife, Washington. Mr. Koch joined Anchor Bank in April 2014. In October of 2014 he was named Senior Vice President and Senior Commercial Lender. Mr. Koch earned his Bachelor of Science Degree in Economics from Willamette University in Salem, Oregon. Mr. Koch also participates as a volunteer for charitable organizations including Rotary, Relay for Life, and Habitat for Humanity. He has served on the Board of Directors for United Way and Mason General Hospital Foundation.

Reid Bates

Mr. Reid A. Bates is an Independent Director of the Company. Extensive business experience in the staffing, real estate, banking, alternative energy and recycling industries. Since 2007 he has been the majority owner of a recruiting and staffing agency, Express Employment Professionals, located in Aberdeen, Centralia and Olympia, Washington. Prior to that, Mr. Bates was employed by Weyerhaeuser Company from 1988 to 2006 and served in various capacities, most recently serving as Vice President, Eastern Region – Recycling, in Aurora, Illinois from 2001 to 2006. From 1986 to 1988, Mr. Bates was employed by CURA Financial/Prudential Federal Savings, Salt Lake City, Utah and served as a commercial loan officer in San Ramon, California. From 1985 to 1986, he was employed by Renewable Energy Ventures, Inc. as a financial analyst and from 1983 to 1985 he was employed by Coordinated Financial Analysts serving as a Vice President – Financial Analyst. Mr. Bates has a Bachelor of Science degree in Business Management – Finance from Brigham Young University, Provo, Utah. Mr. Bates brings to the Board of Directors economic development expertise and strong ties to the business community in many of the markets we serve. He is past chairman and board member of the Thurston County Chamber of Commerce, the President of the Board of the Thurston County Economic Development Council, and a past board member of the United Way of Thurston County. He is a longtime supporter and leader within the Boy Scouts of America, a Rotarian, and serves on the Business Advisory Council of Grays Harbor College and Saint Martin’s University.

George Donovan

Mr. George W. Donovan is an Independent Director of the Company. Mr. Donovan is the Secretary and Treasurer of Barrier West, Inc., a trucking and heavy equipment provider, a position he has held since 1992. He is currently on the management team for a Barrier West-affiliated company active in the construction business in the Bakken Oil Field in North Dakota. He has also served as President of Geo Dan Land, Inc. since 1993. Mr. Donovan brings an understanding of entrepreneurial endeavors to our board. Mr. Donovan’s accomplishments include working on the general partners management team which was able to acquire, staff and restart a local paper mill operation. This activity transferred ownership from a multi-national corporation to local ownership and retained approximately 250 jobs. The mill recently shut down after 18 years of operation. He also managed two separate corporations that provided support services crucial to the operation of the paper mill and now leases equipment for construction and oil support services. Mr. Donovan also brings years of experience as a land developer. These experiences have allowed him to develop expertise in all facets of management and to provide valuable input to our business planning. Mr. Donovan is on the board of directors of the Grays Harbor Community Foundation, serving on their Grants Committee.

Douglas Kay

Mr. Douglas A. Kay is an Independent Director of Anchor Bancorp Inc. Self-employed on a part-time basis as a Certified Public Accountant and Certified Fraud Examiner, and is accredited in business valuation, specializing in accounting, consulting and business valuation. He has served as the Chief Financial Officer of Laserfab, Inc. a sheet metal fabrication manufacturing company with facilities in Puyallup, Redmond and Moses Lake, Washington since April 2013. Prior to that, he was employed by the public accounting firm of McSwain and Company, PS from 2004 to 2006. Mr. Kay brings valuable insight to Board discussions of the financial condition of large borrowers. Over the course of his career, he has been closely involved in the creation, review and analysis of financial statements of different size companies in widely diverse industries. Currently working primarily in Thurston and Pierce Counties, he is ideally positioned to provide referrals to us in markets where we foresee valuable growth. As chairman of the Audit Committee, Mr. Kay provides professional oversight to the internal and external audit processes of Anchor Bank.

Gordon Stephenson

Mr. Gordon Sheridan Stephenson is an Independent Director of the Company. Mr. Stephenson is the co-founder and Chief Executive Officer of Real Property Associates, a 25 year old full service real estate brokerage and property management company based in Seattle, Washington. He is an original and current member of Zillow Group’s Board of Directors, and an advisor to several early stage companies, including Realty Mogul and Democracy Live. Mr. Stephenson brings extensive experience in the residential real estate industry as a founder and manager of a real estate brokerage firm. As a result of his experience in these roles, he possesses valuable financial and management skills. Mr. Stephenson is a past board member of Seattle’s Union Gospel Mission. He holds a Bachelor of Arts in Economics from Stanford University.

Basic Compensation

Name Fiscal Year Total

Robert Ruecker

168,600

Jerald Shaw

638,224

Terri Degner

488,902

Gary Koch

129,828

Reid Bates

--

George Donovan

--

Douglas Kay

--

Gordon Stephenson

--
As Of  30 Jun 2016