LUTHER BURBANK - Key Persons
Job Titles:
- Chief Credit Officer
- Executive Vice President
- Member of the Leadership Team
- Company As Chief Credit Officer
Mr. Stefani serves the Company as Chief Credit Officer. In this role, he oversees the Company's credit administration program, including loan underwriting, portfolio monitoring and special assets, as well as the appraisal and loan operations departments; he is also a member of the Company's Executive Committee. Mr. Stefani joined in 2004 and has held several positions within the bank including teller, loan underwriter, loan officer, and underwriting manager before being promoted to Director of Income Property Lending in 2017, a position he held until accepting his current role in 2021.
Mr. Stefani holds an M.A. in Political Science from San Francisco State University and a B.A. in Political Science from Sonoma State University. In the summer of 2019, Mr. Stefani began his studies at Pacific Coast Banking School and is scheduled to graduate in the summer of 2022.
Ms. Newcomb's experience spans over three decades in the financial services industry as a commercial banker, investment banker, and strategic consultant. She has advised regional and community banks and financial services companies on a wide range of corporate development initiatives from strategic planning, consumer and business banking strategy, and corporate governance best practices, to mutual conversions and valuing and structuring acquisitions. Most recently, Ms. Newcomb was president of A.G. Newcomb & Co., a financial services consultancy. She served on the board of the Federal Reserve Bank of Richmond - Baltimore Branch from 2010 through 2015. Ms. Newcomb holds a MBA in Finance from The University of Houston and a BS in Accounting from Auburn University. In 2022, Ms. Newcomb was honored by Auburn University Alumni Association with its Lifetime Achievement Award. Ms. Newcomb is also a certified public accountant (inactive).
Job Titles:
- Member of the Leadership Team
- Company As Head of Retail Banking
- Executive Vice President, Head of Retail Banking
- Member of the the Consumer Bankers Association Executive Banking School
Mr. Fanter serves the Company as Head of Retail Banking. In this role he is responsible for expanding Luther Burbank's deposit offerings and creating greater access to its products and services, including consumer deposit generation across traditional branch and online banking platforms, as well as business banking activities; he is also a member of the Company's Executive Committee. Prior to joining in 2020, Mr. Fanter served as Executive Vice President, Head of Retail Banking at Opus Bank from 2019; previous to that as Senior Vice President, Consumer and Business Banking Market Executive at U.S. Bank from 2003-2019. His background also includes positions as Director of Automation Services at Kirchman Corporation; and several roles culminating with Senior Vice President, Chief Operating Officer at GreatBanc, Inc.
In addition to his role at Luther Burbank, Mr. Fanter serves as a faculty member for the Consumer Bankers Association Executive Banking School, Furman University.
Job Titles:
- Director
- Compensation / Governance
- Executive Chairman and Chairman of the Board of NMI Holdings, Inc
Mr. Shuster has served as Executive Chairman and Chairman of the Board of NMI Holdings, Inc. (NASDAQ: NMIH) since January 2019. Mr. Shuster founded National MI and served as Chairman and Chief Executive Officer of the company from 2012 to 2018. He also serves as an independent director of McGrath RentCorp (NASDAQ: MGRC). Prior to founding National MI, Mr. Shuster was a senior executive of The PMI Group, Inc. (NYSE: PMI), where he served as Chief Executive Officer of PMI Capital Corporation. Before joining PMI in 1995, Mr. Shuster was a partner at Deloitte LLP, where he served as partner-in-charge of Deloitte's Northern California Insurance and Mortgage Banking practices. Mr. Shuster holds a B.S. from The University of California, Berkeley and an M.B.A. from The University of California, Los Angeles. In addition, he has received both CPA and CFA certifications.
Greg Smith - Chief Legal Officer, Secretary, SVP
Job Titles:
- Corporate Secretary
- General Counsel
- Member of the Leadership Team
- Senior Vice President
- Company 's Senior Vice President, General Counsel and Corporate Secretary
Mr. Smith serves as the Company's Senior Vice President, General Counsel and Corporate Secretary. In this role, he has responsibility for the Company's legal affairs and corporate governance. Prior to joining Luther Burbank in 2022, Mr. Smith served as vice president, deputy general counsel and secretary of First American Financial Corporation from 2020 to 2022 and from 2010 to 2020 as its assistant general counsel and assistant secretary. Prior to First American, he served as associate general counsel for Eclipsys Corporation and as an associate with O'Melveny & Myers, LLP. Mr. Smith holds a J.D. from the University of Minnesota Law School and a B.S. in Business Administration - Management Information Systems from Brigham Young University. He has been a member of the California Bar Association since 2003. He has significant experience as a corporate, securities and M&A attorney.
He also has experience in ESG, employee benefit, and intellectual property matters, as well as in overseeing records management and real estate functions.
Mr. Erickson has more than 35 years of financial services experience, including serving for over 30 years at Union Bank, N.A. He served in many executive roles across that institution, culminating in two vice chairman positions (Chief Risk Officer and Chief Corporate Banking Officer) between 2007 and 2014. As Chief Corporate Banking Officer, he oversaw commercial banking, real estate, global treasury management, wealth management, and global capital markets. He was a director of Zions Bancorporation (NASDAQ: ZION) from 2014 to 2016, and was Chair of the Board Risk Committee as well as a member of the Audit Committee. He also served as President, Consumer Banking and President, California, for CIT Group, Inc. (NYSE: CIT) in 2016.
Job Titles:
- Chief Financial Officer
- Executive Vice President
- Member of the Leadership Team
- Audit Committee Member for the Santa Rosa Council
Ms. Tarantino currently serves as Executive Vice President and Chief Financial Officer of the Company, a position she has held since 2006. In this role, she oversees all aspects of financial reporting including strategic planning, asset/liability management, taxation and regulatory filings; she is also a member of the Company's Executive Committee. Ms. Tarantino has over 29 years of experience with Luther Burbank, having joined as Controller in 1992. She previously served as Audit Manager for KPMG LLP, San Francisco specializing in the financial services industry.
In addition to her role at Luther Burbank, Ms. Tarantino has served as an Audit Committee member for the Santa Rosa Council on Aging since 2012. Ms. Tarantino is a California Chartered CPA (inactive) and earned a B.S. in Business Administration - Finance & Accounting with summa cum laude honors from San Francisco State University.
Mr. Yzaguirre joined the Board of Directors in October 2021 and was appointed to the Audit and Risk Committee and the Compensation Committee effective January 2022. Mr. Yzaguirre's experience includes domestic and international business, government and law, as well as expertise in a wide variety of industries and sectors. He currently serves on the board of directors of Altria Group (NYSE: MO) and is a member of their Finance Committee and their Innovation Committee. He also currently serves on the board of directors of Aris Water Solutions, Inc. (NYSE: ARIS), where he is chairman of their Compensation Committee. Mr. Yzaguirre formerly served on the boards of directors of BBVA US Bancshares, Inc. and BBVA USA Bank, on the board of directors of Texas Regional Bancshares and on the board of directors of Texas State Bank. He also served previously as Executive Chairman of the energy infrastructure construction company, Forbes Bros. Holdings, Ltd., and as Chairman and CEO of Isolux Ingenieria USA, L.L.C., the US operation of Isolux Corsan, a Spanish engineering, procurement and construction company. Mr. Yzaguirre is also a member of the National Association of Corporate Directors (NACD) and the Latino Corporate Directors Association (LCDA). Mr Yzaguirre qualifies as an "audit committee financial expert" as defined in SEC rules.
Job Titles:
- Member of the Leadership Team
- Company As Chief Operations and Technology Officer
- Executive Vice President, Chief Operations and Technology Officer
Mr. Medhat serves the Company as Chief Operations and Technology Officer. In this role he is responsible for deposit and lending operations, loan servicing, information technology and project management; he is also a member of the Company's Executive Committee. Prior to joining Luther Burbank in 2019, Mr. Medhat served as Executive Vice President, Chief Operating Officer at CTBC from 2014 to 2019; previous to that as Senior Vice President, Director of Bank Operations at Opus Bank; and in several roles over thirteen years at CapitalSource Bank.
Mr. Medhat holds a M.A. in Educational-Instructional Technology from California State University, Dominguez Hills and a B.A. in Industrial/Organizational Psychology from California State University, Long Beach.
Dr. Agrawal has held several leadership positions specializing in growth and transforming business models. In addition to Luther Burbank, Dr. Agrawal serves on the board of Allvue Systems, an investment software solutions provider. She was Executive Vice President and Chief Operating Officer for Wells Fargo's Financial Institutions Group. Prior to that, she oversaw Wells Fargo's International Treasury Management business and played a leadership role in the Wells Fargo-Wachovia merger. Earlier, Dr. Agrawal was Chief Operating Officer at ValleyCrest Companies and Quisic Corporation. She began her career as a scientist at Polaroid and worked at McKinsey & Company. Dr. Agrawal is a founding member of Neythri, a global community of South Asian professional women committed to helping each other succeed, and in 2018 she received the National Asian Pacific American Corporate Achievement Award. Dr. Agrawal holds a M.B.A. from MIT Sloan School of Management and a Ph.D. in Materials Science and Engineering from MIT. She graduated with a B.Tech in Metallurgy from IIT, Kanpur.
Job Titles:
- Chief Executive Officer
- Director
- Member of the Leadership Team
- President
- President & Chief Executive Officer, Board of Directors
Ms. Lagomarsino has served as President and Chief Executive Officer of the Company since 2019. She leads the Executive Committee and has been a member of Luther Burbank Corporation's board of directors since 2018. Prior to joining the Company, Ms. Lagomarsino served as President and CEO of the Western Bankers Association and as a director of Pacific Premier Bancorp; from 2011 to 2017, she served as CEO of Heritage Oaks Bank and as President and CEO of Heritage Oaks Bancorp; previous to that she held executive positions with City National Bank, Hawthorne Savings, Kinecta Federal Credit Union, Ventura County National Bank and Warner Center Bank.
Ms. Lagomarsino is regularly honored in financial services industry organizations and publications, and in 2013, was named by American Banker as Community Banker of the Year. In addition to her role at Luther Burbank, Ms. Lagomarsino serves as Chair of the board of directors of the Federal Home Loan Bank of San Francisco and on the board of directors of the Federal Reserve Bank of San Francisco. Ms. Lagomarsino holds an M.B.A in Finance from Claremont Graduate University and a B.A. in Economics from Claremont McKenna College.
Job Titles:
- Chief Risk Officer
- Commissioner
- Executive Vice President
- Member of the Leadership Team
Ms. Mahoney serves as the Company's Chief Risk Officer and Chief Ethics Officer. In her role, she oversees Luther Burbank's compliance, internal audit, independent loan review and risk management functions, including information security and privacy; she is also a member of the Company's Executive Committee. Prior to joining Luther Burbank in 2016, Ms. Mahoney served as Senior Vice President of Enterprise Risk and Compliance at Opus Bank from 2011 to 2015; previous to that as Director, Risk Advisory Services at KPMG LLP; and as Associate National Bank Examiner with the Office of the Comptroller of the Currency.
In addition to her role at Luther Burbank, Ms. Mahoney serves as a commissioner on the Legal Services Trust Fund Commission, State Bar of California, as a member of its Homelessness Prevention Committee and as Chair of its Bank Grants Committee. She serves as a board member to NeighborWorks Orange County and on the Asset Liability Committee of Clearinghouse CDFI. Ms. Mahoney is also a member of the American Bankers Association (ABA) Foundation's Senior Protection Task Force. She is a Certified Enterprise Risk Professional, Certified Regulatory Compliance Manager, and Certified Internal Auditor, and maintains an ISACA Cybersecurity Fundamentals Certificate. Ms. Mahoney holds a B.S. in Business Administration - Finance from San Diego State University.
Job Titles:
- Director
- Compensation / Governance
Mr. Wajnert launched his career in 1968 with US Leasing, a NYSE-listed company. For over 40 years, Mr. Wajnert navigated the changing currents of the equipment leasing industry and built an impressive list of accomplishments, including serving as Chief Executive Officer and Chairman of AT&T Capital Corporation, an international, full-service equipment leasing and commercial finance company, from 1984 to 1996. Mr. Wajnert has extensive public company board experience at Reynolds American as Chairman and at Solera, UDR, Inc., NYFIX, JLG Industries as a director. Mr. Wajnert also serves on the board of International Finance Group, one of the largest privately owned P&C insurance companies in the U.S., and for many years served as a trustee of Wharton's Center for Financial Institutions.
Job Titles:
- Chairman of the Board of Directors
Mr. Trione serves as Chairman of the Board of Directors, a position he has held since founding Luther Burbank Savings and Loan Association in 1983. In this role, Mr. Trione brings continuity and deep historical knowledge of the Company to the Board. In addition to serving as Chairman of the Board, Mr. Trione is President of Vimark, Inc., a real estate development and vineyard management company; and co-proprietor of Trione Winery. Mr. Trione serves as Director and Chairman of the Executive Committee - Empire College; sits on the Advisory Board - Stanford Institute for Economic Policy Research; Board of Overseers - Stanford University's Hoover Institution; serves as Trustee - U.S. Navy Memorial Foundation, Washington, D.C.