LBC - Luther Burbank Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Luther Burbank Corporation

520 Third Street
Fourth Floor
Santa Rosa, CA 95401
United States
844-446-8201
http://www.lutherburbanksavings.com

SectorFinancial Services
IndustryBanks—Regional
Full Time Employees277

Key Executives

NameTitlePayExercisedYear Born
Ms. Simone F. LagomarsinoCEO, Pres & DirectorN/AN/A1961
Ms. Laura TarantinoExec. VP & CFO661.65kN/A1965
Ms. Liana R. Prieto J.D.Exec. VP, Gen. Counsel & Corp. Sec.718.72kN/A1979
Mr. Bradley S. SatenbergInvestor RelationsN/AN/A1971
Ms. Tammy MahoneyExec. VP & Chief Risk OfficerN/AN/A1967
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, high net worth individuals, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and mortgage products, such as a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM machines, debit cards, and online and mobile banking services; engages in the real estate investment and equal housing lending activities; and issues trust preferred securities. As of January 28, 2019, it had operations in California, Oregon, and Washington through nine branches in California; 1 branch in Washington; and 9 lending offices located throughout the market area, including Santa Rosa, Los Angeles, San Francisco, San Jose, San Diego, and Seattle. The company was founded in 1983 and is headquartered in Santa Rosa, California.

Corporate Governance

Luther Burbank Corporation’s ISS Governance QualityScore as of February 3, 2020 is 5. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 4; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.