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Opus Bank (OPB.OQ)

OPB.OQ on NASDAQ Stock Exchange Global Select Market

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12 Dec 2017
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Summary

Name Age Since Current Position

Stephen Gordon

52 2010 Chairman of the Board, President, Chief Executive Officer

Robert Shackleton

78 2017 Director - Emeritus

Kevin Thompson

2017 Chief Financial Officer, Executive Vice President

Curtis Glovier

52 2016 Chairman and Chief Executive Officer - PENSCO Trust, Senior Executive Vice President, Head - Wealth Services of Opus Bank, Director

Jennifer Simmons

2015 Chief Operating Officer, Executive Vice President

Brian Williams

58 2017 Executive Vice President, Chief Administrative Officer

Dwayne Sharpy

2016 Executive Vice President, Chief Risk Officer

Balaji Krishna

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

Geoffrey Anfuso

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

Brian Fitzmaurice

2016 Senior Executive Vice President, Senior Chief Credit Officer

Edward Padilla

2016 Executive Vice President, Co-Chief Lending Officer, Head of Commercial Real Estate Banking

Donald Royer

65 2016 Senior Executive Vice President

Joseph Simpson

2017 Executive Vice President, Chief Audit Executive

Amondo Redmond

2017 Senior Vice President, Chief Marketing Officer

Kathryn Gonzales

56 2017 Senior Vice President and Head - Sales Integration

Paul Greig

61 2017 Lead Independent Director

Richard Thomas

2017 Director

Thomas Bowers

2016 Independent Director

Mark Cicirelli

41 2012 Independent Director

David King

58 2016 Independent Director

Michael Meyer

76 2010 Independent Director

Mark Schaffer

72 2010 Independent Director

Brett Villaume

2017 Senior Vice President, Director of Investor Relations

Biographies

Name Description

Stephen Gordon

Mr. Stephen H. Gordon is Chairman of the Board, President, Chief Executive Officer of Opus Bank, since September 30, 2010. Additionally, Mr. Gordon serves as Chairman of the Opus Community Foundation, which was initially funded with $4.3 million from the proceeds of the Bay Cities Reorganization, and focuses its philanthropic efforts in the areas of affordable housing, community development, education, financial literacy, critical health issues, and the arts. Mr. Gordon previously served as the Chairman of the Board of Fremont General Corporation, or Fremont, and Fremont Reorganizing Corporation, formerly Fremont Investment and Loan, or FRC, from November 2007 to June 2010, as Chief Executive Officer of Fremont from November 2007 to September 2008 and as Chief Executive Officer of FRC from December 2007 to September 2008. Mr. Gordon and other members of our executive management team were engaged to take over the management responsibility of Fremont and its distressed industrial and loan subsidiary with the full support and approval of its banking regulators, the FDIC and the DBO. Within a period of six months, the team restructured the balance sheet, significantly reduced general and administrative expenses, sold off nonperforming assets, negotiated and received a forbearance agreement with respect to Fremont’s senior unsecured debt, resolved and settled a number of litigation matters, and negotiated/entered into an asset purchase and deposit liability assumption agreement for the sale of all of FRC’s 22 retail branches and approximately $5.2 billion of deposits to CapitalSource, Inc., which closed in July 2008. Prior to Fremont, Mr. Gordon was the Founding Chairman and Chief Executive Officer of Commercial Capital Bancorp, Inc., or CCBI, and its subsidiary companies: Commercial Capital Bank, or CCB, a federally chartered savings bank headquartered in Irvine, CA; Commercial Capital Mortgage, a commercial mortgage banking company; and Comcap Financial Services, a registered broker dealer.

Robert Shackleton

Mr. Robert J. Shackleton is Director - Emeritus of the Company. Mr. Shackleton served as an independent director of Fremont and FRC from January 2008 to June 2010. He was the chairman of Fremont’s audit committee and a member of the company’s governance and nominating and compensation committees. Mr. Shackleton was also chairman of FRC’s audit committee. Prior to the Fremont companies, Mr. Shackleton served as a director of CCBI from February 2001 and as a director of CCB from February 2001 until it was acquired by Washington Mutual in October 2006. He served as chairman of the audit committee of both the bank and holding company. Mr. Shackleton is a certified public accountant, and from 1961 to 1997, was with KPMG LLP, an international accounting firm, where he attained the positions of partner-in-charge of the Orange County audit and professional practice departments and was appointed a reviewing partner for public reporting companies. He served for nine years on the California State Board of Accountancy and as its president in 1996 and 1997. Mr. Shackleton holds a B.S. in commerce degree from the University of Louisville and an M.B.A. degree in finance from the University of Southern California.

Kevin Thompson

Mr. Kevin L. Thompson, CPA., serves as Chief Financial Officer, Executive Vice President of the Company. Mr. Thompson's responsibilities at Midland State Bancorp included providing leadership and guidance in the bank's strategic business planning and forecasting; evaluating merger and acquisition opportunities; and developing strategies to strengthen relationships with investors, investment bankers, research analysts, and regulatory agencies. During his tenure at the bank, he was integral in the announced acquisitions of two banks and a wealth management company. 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; M&A analysis; and capital expenditures. While at American Express Centurion Bank, Mr. Thompson also developed and led a multi-year project to automate, streamline, and simplify financial processes, better utilize technology and eliminate non-value added practices. Mr. Thompson joined American Express Centurion Bank in 2006, initially serving as the bank's Controller. Earlier in his career, Mr. Thompson served as Controller with AgReserves, and as Auditor with Advanta Bank Corporation and earlier as a Senior Auditor wi

Curtis Glovier

Mr. Curtis A. Glovier is Chairman and Chief Executive Officer of PENSCO Trust Company, a wholly-owned subsidiary of Opus Bank; Senior Executive Vice President, Head of Wealth Services of Opus Bank, Director of the Company. Mr. Glovier is a Senior Managing Director of the Merchant Banking division. From May 2007 to July 2016, Mr. Glovier served as a Managing Director at Fortress Investment Group LLC, responsible for the private equity effort within Fortress’s credit business. In that capacity, he managed the origination, execution, and monitoring of private equity, mezzanine, and other investments. Mr. Glovier was also on the investment committee of a number of Fortress investment funds, including the Fortress Credit Opportunities Funds, which invest in mortgage-backed securities, loans, and other credit-related opportunities. Prior to joining Fortress in May 2007, Mr. Glovier served for seven years as a Managing Director and Co-Head of the Middle Market Buyout group at Perseus, LLC. Prior to joining Perseus, LLC in May 2000, he was a Managing Director of Nassau Capital, which managed over $2 billion on behalf of Princeton University. Prior to joining Nassau in June 1995, Mr. Glovier worked at Goldman, Sachs & Co. in the Mergers & Acquisitions, Structured Finance and Leveraged Buyout groups, and was also a management consultant at The Boston Consulting Group. He has served as a director of companies in the financial services, business services, branded consumer products, intellectual property, pharmaceutical, alternative energy, communications and manufacturing areas, and as Chairman of the Board of Maritime Telecommunications Network. Mr. Glovier holds a B.A. from Princeton University, a M.Ec. from James Cook University in Australia, and an M.B.A. from The Wharton School at the University of Pennsylvania, where he graduated as a Palmer Scholar.

Jennifer Simmons

Ms. Jennifer A. Simmons is Executive Vice President, Chief Operating Officer of the Opus Bank. Ms. Simmons, a 22-year banking veteran, joined Opus Bank in April 2014 as Senior Vice President, Strategies and Growth and was promoted to Executive Vice President, Chief Operating Officer in October 2015. As Chief Operating Officer, Ms. Simmons is responsible for leading, managing, and directing the operational and support functions of Opus Bank including Information Technology, Project Management, Corporate Real Estate, and Vendor Management and Procurement, as well as for acquisition integration, and process improvement and efficiency management. During her tenure as SVP, Strategies and Growth, Ms. Simmons was responsible for supporting the strategic and tactical elements of Opus’ financial success, as well as leading bank-wide efforts to automate in order to scale for growth using project management methodologies and technology solutions. Prior to joining Opus, Ms. Simmons served as SVP, Business Manager of the Business Banking Group at Union Bank, where she led an 18 person team responsible for strategic planning and governance, operations, projects, technology, systems administration, incentive design and administration, analytics and reporting, business model development, product development, acquisition due diligence and integration, pricing tool business process improvement, 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 Team Ms. Simmons 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 joins the Bank most recently from FirstMerit Corporation (“FirstMerit”), the holding company of FirstMerit Bank, where he served as EVP, Chief Audit Executive from 2008 to 2014 and EVP, Chief Risk Officer from 2014 until its merger with Huntington Bancshares Incorporated in July 2016. During his tenure at FirstMerit, Mr. Williams served as a member of the Corporate Compliance, Model Risk Management, Corporate Insurance, and Enterprise Risk Management Committees, and reported directly to FirstMerit’s Chief Executive Officer and 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 positions overseeing strategic performance improvement initiatives for the bank, rising to the position of Audit Group Manager in 2006. Mr. Williams holds a Bachelor of Arts degree in Accounting from The Ohio State University. Mr. Williams holds professional designations as a 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 joined Opus most recently from 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.

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 Opus in December 2010. Prior to joining Opus Bank, 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 Commercial Capital Bank. 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.

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 13-year banking veteran, joined Opus 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. 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.

Brian Fitzmaurice

Mr. Brian Fitzmaurice serves as Senior Executive Vice President, Senior Chief Credit Officer of the Company. Mr. Fitzmaurice joins the Bank most recently from 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, Royal Bank of Canada. 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 Executive Vice President, Co-Chief Lending Officer, Head of Commercial Real Estate Banking of the Company. Mr. Padilla, a 14-year banking veteran, joined Opus in July 2011 as Senior Vice President, Senior Credit Administrator and was promoted to Head of Income Property Banking in July 2013. Mr. Padilla was promoted to Senior Vice President, President of Commercial Real Estate Banking, in July 2015. Prior to joining Opus Bank, 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 $700MM 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 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.

Donald Royer

Mr. Donald E. Royer is Senior Executive Vice President, General Counsel of the Company. From November 2007 until June 2010, Mr. Royer served as Executive Vice President and General Counsel of Fremont General Corporation ('Fremont') and, from December 2007 to June 2010, as Executive Vice President and General Counsel of Fremont Reorganizing Corporation, formerly Fremont Investment and Loan. From June 2010 through September 2010, Mr. Royer served as the interim Chief Operating Officer and Chief Legal Officer of Signature Group Holdings, Inc., the successor to Fremont following Fremont's reorganization and emergence from bankruptcy. From February 2006 to October 2006, Mr. Royer served, as EVP, General Counsel of Commercial Capital Bancorp, Inc. ('CCB') and its subsidiary, Commercial Capital Bank, and continued to work with Washington Mutual following its acquisition of CCB. From 2003 to 2005, Mr. Royer worked at the Law Offices of Steven J. Melmet, Inc., a law firm representing major financial institutions, where he handled litigation for large financial institutions, banks, credit unions and thrift institutions, as well as nationwide mortgage lenders and mortgage servicing companies. During 2005 the Melmet Law firm merged into Pite Duncan, LLP. Mr. Royer worked at Pite Duncan, LLP, an AV rated business litigation firm representing financial institutions until accepting an offer to join CCB. From 1991 to 2002, Mr. Royer served as EVP, General Counsel and Corporate Secretary of Downey Savings & Loan Association. From 1988 to 1991, Mr. Royer's served as EVP, General Counsel of American Savings Bank. From 1984 to 1988, Mr. Royer served as EVP, General Counsel of Financial Corporation of America and American Savings and Loan Association. Earlier in his career, Mr. Royer served as General Counsel for American Savings and Loan Association and began his legal career at First Federal Savings. Mr. Royer holds a B.A. from Arizona State University and a J.D. from Western State University College of Law.

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 joins Opus most recently from HealthNow New York, an independent licensee of the BlueCross BlueShield Association, where he served as Director of Enterprise Risk Management since 2016. 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 overseeing audit implementation and execution, rising to the positions of Chief Accounting Officer in 2006 and to Head of Global Finance, Tax and Capital Audit in 2010. 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.

Amondo Redmond

Mr. Amondo Redmond is Senior Vice President, Chief Marketing Officer of the Company. Mr. Redmond joined Opus from GAP Inc., where he oversaw global marketing including leading some of the organization's biggest rebranding efforts. Redmond pioneered Exclusivelystyled, which relaunched the brand in 2014 and became one of its biggest social and digital campaigns. Prior to GAP, Redmond led global marketing for Revlon, where he helped shape the organization's positioning, consumer campaigns, and partnerships. Redmond began his career in consumer goods at PepsiCo, where he worked across a number of brands including Pepsi, Diet Pepsi, Gatorade, and Mountain Dew. In 2006, Redmond was chosen as one of the leaders to manage the Pepsi Branded Entertainment and Content division. The division was instrumental in placing Pepsi at the forefront of entertainment and pop culture. While attending Michigan State University, he worked across a number of organizations including The National Basketball Association (NBA), Sony, and The Coca-Cola Company.

Kathryn Gonzales

Ms. Kathryn R. Gonzales is Senior Vice President, Head - Sales Integration of the Company. Ms. Gonzales, a 37-year banking veteran, is responsible for further developing and integrating Opus' Consumer and Commercial Banking client experience. Ms. Gonzales joins Opus most recently from Plaza Bank, where from 2015 to the time of Plaza's acquisition by Pacific Premier Bancorp in 2017 she served as Executive Vice President & Director of Branch Banking with the overall responsibility for driving deposit growth and delivering service and operational excellence. From 2013 to 2015, Ms. Gonzales served as Chief Banking Officer at Farmers & Merchants Bank, where she was responsible for the oversight of business and retail banking, the development of new products and services, de novo branch expansion, and the creation and management of the bank's business development officer program. From 2006 to 2013, Ms. Gonzales served as Senior Vice President of Retail Banking at Provident Bank, where she was responsible for the bank's 15 retail branches, marketing department, Investment Services division, and call center operations, as well as the bank's business development officers and sales training enterprise-wide. From 2003 to 2006, Ms. Gonzales served as First Senior Vice President of Community Banking and President/CEO of the Business Banking ("CUSO") at Arrowhead Credit Union Bank, where she was responsible for the bank's 25 retail branches, wealth management efforts, call center operations, and commercial loan and deposit processing, while also serving on the firm's credit committee. Earlier in her career, Ms. Gonzales served with Countrywide Home Loans, Bank of the West, Sanwa Bank, Citizens Business Bank, and Wells Fargo Bank.

Paul Greig

Mr. Paul G. Greig is the Lead Independent Director of the Company. Mr. Greig joined our board of directors in April 2017 and was appointed Lead Independent Director in May 2017. Mr. Greig formerly served as Chairman, President and CEO of FirstMerit and its wholly-owned bank subsidiary, FirstMerit Bank N.A., from 2006 until its merger with Huntington Bancshares Incorporated in July 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 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.

Richard Thomas

Mr. Richard Thomas serves as Director of the Company. Mr. Thomas' 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 of Certified Public Accountants and the California State Society of CPA's.

Thomas Bowers

Mr. Thomas (Tom) Bowers is Independent Director of the Company. He serves as Managing Director and Chief Operating Officer of Starwood Capital Group. In this role, Mr. Bowers is responsible for driving Starwood Capital’s priority strategic initiatives and enhancing the operational effectiveness of Starwood’s public and private operating companies and entities. He serves on Starwood’s Executive and Investment Committees, and is a Trustee of Colony Starwood Homes (NYSE: SFR), a Starwood Capital Group affiliate that is one of the largest publicly traded investors, owners, and operators of single-family homes in the nation. Mr. Bowers previously served as Head of Corporate Strategy and Development at Starwood. Prior to joining Starwood in 2015, Mr. Bowers was Co-Head of Asset and Wealth Management-Americas at Deutsche Bank, where he was responsible for managing the U.S. and Latin American wealth management businesses, and had joint responsibility for the integration of Deutsche Bank’s wealth and institutional asset management businesses in the Americas. In this role, Mr. Bowers was a board member of Deutsche Bank Securities. Mr. Bowers previously held a number of senior roles at Citigroup Private Bank, including Global Chief Operating Officer; Head of Strategy and Corporate Development; COO-Europe, Middle East and Africa; COO-U.S.; and Head of Banking and Structured Lending. Mr. Bowers holds a B.S. degree in Business administration from the Boston University School of Management, and a J.D. and LL.M. (Taxation) from Boston University School of Law.

Mark Cicirelli

Mr. Mark Cicirelli is Independent Director of the Company, since March 2012. Mr. Cicirelli is a Portfolio Manager at Elliott Management Corporation, a multi-strategy hedge fund with approximately $23 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.

David King

Mr. David King, J.D., is a Independent Director of the Company. Mr. King is Managing Director of Fortress Investment Group’s (“Fortress”) 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 from Stanford University.

Michael Meyer

Mr. Michael L. Meyer is Independent Director of the Company, 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. The Michael L Meyer Company is a principal of and/or manager of real estate entities that provides those entities with property acquisition, financing, and management services and advice. Since June 2006, Mr. Meyer has also been a principal of AMG Realty Investors, LLC, and TwinRock Partners, commercial and residential real estate investment companies. 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 Paladin Realty Income Properties, Inc. Mr. Meyer was previously a director of City National Corporation and City National Bank, William Lyon Homes, 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. 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