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Sierra Bancorp (BSRR.OQ)

BSRR.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Morris Tharp

78 Independent Chairman of the Board

Kevin McPhaill

45 2015 President, Chief Executive Officer, Director of Company and the Bank

James Holly

77 2015 Vice Chairman of the Board of the Company and Bank

Kenneth Taylor

58 2006 Chief Financial Officer, Executive Vice President of the Company and Bank

James Gardunio

67 2006 Executive Vice President, Chief Credit Officer of the Company and Bank

Michael Olague

62 2015 Executive Vice President, Chief Banking Officer of the Company & Bank

Vonn Christenson

38 2016 Director

Laurence Dutto

70 2016 Director

Robb Evans

77 2016 Director

Albert Berra

77 2000 Independent Director

Lynda Scearcy

72 2007 Independent Director

Gordon Woods

82 2000 Independent Director

Biographies

Name Description

Morris Tharp

Mr. Morris A. Tharp is the Independent Chairman of the Board of the Company. He is an original proponent of the Bank and has served as Chairman of the Board of the Bank and of Sierra Bancorp since their formations in 1977 and 2000, respectively. He has served on the Audit, Compliance and CRA Committee (the “Audit Committee”) and the Governance Committee for many years, and is also an ex officio member of all other Board committees. Mr. Tharp is a native of Porterville and following his schooling, joined his father in the family business of E.M. Tharp, Inc. Over the years, he has purchased the family business and is now sole owner. For many years he has been very involved in community activities. In selecting Mr. Tharp as a nominee, the Board considered the following: his involvement in the formation of the Bank, his lengthy experience as a bank director and accumulated knowledge of the Company’s operations, his leadership qualities and management expertise gained by owning and running his own company, and his involvement in the local community.

Kevin McPhaill

Mr. Kevin McPhaill is President, Chief Executive Officer, Director of the Company and Bank of the Sierra, subsidiary of the company since March 31, 2015. He has been a director of the Bank and of Sierra Bancorp since January 1, 2015 and was appointed President and Chief Executive Officer of the Company and the Bank effective April 1, 2015. He also serves on the Senior Loan Committee and the Investment Committee. Mr. McPhaill is a native and current resident of Visalia, California, and his educational background includes a bachelor’s degree from Fresno Pacific University, a master’s degree in business administration from Fresno State, and the successful completion of post-graduate training at the Southwestern Graduate School of Banking at Southern Methodist University. He has been employed by Bank of the Sierra since June 2001, starting as the regional manager of the Hanford area, then progressing to Executive Vice President and Chief Banking Officer of the Company and the Bank in 2006, to President and Chief Operating Officer of the Company and the Bank in 2014, and to his current positions on April 1, 2015. Mr. McPhaill is involved in the local community, and is active in financial education outreach efforts to primary and secondary schools in the Bank’s market areas. Mr. McPhaill was selected to serve on the Board because of his leadership abilities; his extensive experience at the Bank and other financial institutions; his knowledge of the Bank’s culture; his lending, operations, and management experience; and his insight into key factors that drive the Bank’s financial success.

James Holly

Mr. James C. Holly is the Vice Chairman of the Board of Company and Bank., effective March 31, 2015. He is a founding Director and Vice Chairman of the Board of both the Bank and the Company, and currently serves as Chairman of the Senior Loan Committee and as a member of the Investment Committee. He served as President and Chief Executive Officer of both entities from their formations in 1977 and 2000, respectively, until January 1, 2014, when Mr. McPhaill was appointed President and Chief Operating Officer of both entities. Mr. Holly continued to serve as Chief Executive Officer of both entities until he retired on March 31, 2015, and was appointed Vice Chairman of the Board effective April 1, 2015. He was born and raised in Racine, Wisconsin and received both a BBA and an MBA degree from the University of Wisconsin. Mr. Holly is also a graduate of the Southwestern Graduate School of Banking at Southern Methodist University and served as a Commissioned Officer in the U.S. Army. He began his banking career with United California Bank, now Wells Fargo Bank. After 10 years as a branch manager, Mr. Holly left United California Bank and joined in the effort to organize Bank of the Sierra of which he served as President and Chief Executive Officer from its inception in 1977 until January 1, 2014, and served as Chief Executive Officer until his retirement in March 2015. He is a current director of the Sequoia Parks Conservancy, a philanthropic and educational organization. In selecting Mr. Holly as a nominee, the Board considered the following: his leadership capabilities; his long tenure and strong track record as President and CEO of the Bank; his deep understanding of bank lending, operations, and financial management resulting from his banking background; his extensive network in the banking industry; his knowledge of the local economy; and his involvement in the local community.

Kenneth Taylor

Mr. Kenneth R.Taylor is the Chief Financial Officer, Executive Vice President of Sierra Bancorp, and Bank of the Company, a subsidiary of the Company.

James Gardunio

Mr. James F. Gardunio is the Executive Vice President, Chief Credit Officer of Sierra Bancorp, and Bank of the Company, a subsidiary of the Company.

Michael Olague

Mr. Michael W. Olague is the Executive Vice President, Chief Banking Officer of the Company and its wholly-owned subsidiary, Bank of the Sierra, effective January 1, 2015. With more than 37 years of banking experience, Olague has become a well established banking figure in the Bakersfield Area. Prior to this promotion, Olague held the position of Senior Vice President and Area Manager for Bank of the Sierra’s Bakersfield and Delano markets. Olague is a graduate of California State University Bakersfield and completed Graduate Banking School at the University of Virginia. As an active member of the Bakersfield community, Olague currently sits on the boards of the Boys and Girls Club, San Joaquin Hospital Foundation, Kern County Cancer Fund, Mid-State Development Corporation, and the CSUB Business School Advisory Board.

Vonn Christenson

Mr. Vonn R. Christenson is appointed as Director of the Company., effective September 15, 2016. He was appointed to the Boards of the Bank and the Company effective September 15, 2016, and was simultaneously appointed to serve on the Governance Committee and the Investment Committee. He graduated from Brigham Young University with honors in 2003, and earned his J.D. at Harvard Law School in 2006. After working for a time as an attorney in Orange County, California, Mr. Christenson joined the Christenson Law Firm in Porterville, California, specializing in business and contract disputes, personal injury, medical malpractice, and intellectual property litigation. He currently resides in Porterville and is actively involved in the community including with the Porterville Optimist Club, the Porterville Chamber of Commerce Board of Directors, and the Porterville Unified School District Academy of Law, Justice & Ethics Advisory Board. Mr. Christenson was selected to serve on the Board due in part to his active involvement in the local community, his stellar educational background, and his ability to add a unique legal perspective to Board discussions.

Laurence Dutto

Mr. Laurence S. Dutto, Ph.D. is appointed as Director of the Company., effective September 15, 2016. He was appointed to the Boards of the Bank and the Company effective September 15, 2016, at which time he was also appointed to serve on the Governance Committee and the Insurance Committee. Dr. Dutto, a resident of Visalia, California, is a retired college administrator with extensive hands-on agricultural experience. His decorated 30-year career at College of the Sequoias in Visalia, California includes service as Provost of the Tulare College Center, Dean of Academic Services, Dean of Technical Education, Agriculture Division Chair, and Faculty Academic Senate President. His prior experience includes 15 years working on his family’s dairy farm. He was appointed to the Board due in part to his management and administrative expertise and his community connections, and to help strengthen the Bank’s ties to the local agricultural community.

Robb Evans

Mr. Robb Evanswas is appointed as Director of the Company., effective September 15, 2016. He was appointed to the Boards of the Bank and the Company effective September 15, 2016, at which time he was also appointed to serve on the Governance Committee and the Audit Committee. He is currently designated as an audit committee financial expert. Mr. Evans is the Chairman of Robb Evans & Associates LLC, which acts as a fiduciary or advisor in complex corporate and financial matters. He was formerly Chairman of the Board of Coast Bancorp and Coast National Bank, which were acquired by Sierra Bancorp in July 2016, and he helped facilitate the post-acquisition integration of Coast by maintaining board-level ties to our new market area. He also has extensive executive-level banking experience, including prior service as Chief Executive Officer at four different California banks, three international banking corporations chartered by the Federal Reserve, and a Hong Kong merchant bank. Mr. Evans has served as a California Special Deputy Commissioner of Financial Institutions and Special Deputy Superintendent of Banks. He maintains residences in both Bakersfield and Cambria, California. He was appointed to the Board because of his broad-ranging association with banking industry experts and regulators and his extensive financial and management expertise in the banking arena, including a familiarity with opportunities and challenges facing our industry.

Albert Berra

Dr. Albert L. Berra is the Independent Director of the Company, since 2000. He has been a director of the Bank and of Sierra Bancorp since their formations in 1977 and 2000, respectively. He has served on numerous committees of the Bank and the Company throughout that time and is currently Chairman of both the Audit Committee and the Compensation Committee and a member of the Governance Committee. A native of Porterville, Dr. Berra attended the University of California, Berkeley after high school and went on to St. Louis University to complete his dental and orthodontic training. After service in the U.S. Army, Dr. Berra returned to Porterville to establish his orthodontic practice, which he operated continuously since his return until he retired and sold his practice in 2014. He also runs a farming operation in the area. Dr. Berra is involved in many community activities. Dr. Berra was selected to serve on the Board because of his involvement in the formation of the Bank, his lengthy experience as a bank director and accumulated knowledge of the Company’s operations, his experience operating his own business, his agricultural expertise, and his active involvement in the local community.

Lynda Scearcy

Ms. Lynda B. Scearcy is the Independent Director of the Company, since December 2007. She has been a director of the Bank and of Sierra Bancorp since December 2007. She has been a valuable member of the Audit Committee since that time and is currently designated as an audit committee financial expert. She also serves on the Senior Loan Committee, the Compensation Committee, the Investment Committee, and the Governance Committee. Ms. Scearcy received her undergraduate degree from the University of Florida and her Master’s Degree in Taxation from San Joaquin College of Law. Ms. Scearcy is a retired tax professional. She was previously the tax partner at McKinley Scearcy Associates, an accounting and consulting firm which she joined in 1983. McKinley Scearcy Associates sold to H&R Block in November 2014, and Ms. Scearcy retired from the firm in September 2017. She is deeply committed to the community, as demonstrated by her involvement with, among others, the Rotary Club of Porterville (Past President), Porterville Chamber of Commerce (Past Treasurer), Tule River Economic Development Corporation (Past Treasurer) and Tulare County Office of Education Foundation (Board Member). In selecting Ms. Scearcy as a nominee, the Board considered the following: her strong educational background, her experience as a partner and leader at her accounting and consulting firm, her deep understanding of accounting and tax issues, her financial acumen, and her strong commitment to and involvement in the local community.

Gordon Woods

Mr. Gordon T. Woods is the Independent Director of the Company. He was an original proponent of the Bank and has been a director of the Bank and of Sierra Bancorp since their formations in 1977 and 2000, respectively. He has served on the Audit Committee, the Compensation Committee and the Governance Committee for many years, and is currently Chairman of the Insurance Committee and the Investment Committee. He attended Arizona State University and the University of Arizona on scholarship, majoring in chemical engineering, and is a U.S. Army veteran. His professional experience includes employment as a chemical engineer, as well as executive positions with divisions of Gulf Oil Company and Ford Motor Company. In 1969 he moved to Porterville and established Hydrokleen Systems, a designer and manufacturer of water and waste treatment systems, and in 1989 he established Gordon T. Woods Construction, an engineering construction company building industrial and municipal water and waste water systems. He is currently CEO of both of those companies. Mr. Woods has been active in numerous service organizations in Porterville and has also served on the Porterville City Council, including two years as Mayor and two years as Mayor Pro-Tem. Mr. Woods was selected to serve on the Board because of his involvement in the formation of the Bank, his lengthy experience as a bank director and accumulated knowledge of the Company’s operations, his experience in executive positions at international companies, his success at owning and operating his own businesses, his financial acumen, and his involvement in the local community.

Basic Compensation

Name Fiscal Year Total

Morris Tharp

103,723

Kevin McPhaill

871,092

James Holly

121,457

Kenneth Taylor

658,224

James Gardunio

529,294

Michael Olague

222,055

Vonn Christenson

66,734

Laurence Dutto

65,934

Robb Evans

72,534

Albert Berra

100,307

Lynda Scearcy

88,134

Gordon Woods

97,692
As Of  31 Dec 2017