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Luther Burbank Corporation (LBC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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11.62-0.23 (-1.94%)
At close: 04:00PM EDT
12.20 +0.58 (+4.99%)
After hours: 05:10PM EDT
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Luther Burbank Corporation

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

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees289

Key Executives

NameTitlePayExercisedYear Born
Ms. Simone F. LagomarsinoCEO, Pres & Director1.39MN/A1961
Ms. Laura TarantinoExec. VP & CFO725.65kN/A1965
Mr. Parham MedhatExec. VP and Chief Operations & Technology OfficerN/AN/A1974
Mr. Bradley S. SatenbergHead of Investor RelationsN/AN/A1971
Ms. Tammy MahoneyExec. VP & Chief Risk OfficerN/AN/A1967
Mr. William D. FanterExec. VP & Head of Retail BankingN/AN/A1971
Mr. Alexander L. StefaniExec. VP & Chief Credit OfficerN/AN/A1980
Ms. Lisa KeplerSr. VP & Director of Single Family Residential LendingN/AN/A1960
Amounts are as of December 31, 2021 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, depositors, 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 a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. As of December 31, 2021, it operated ten full service branches in California located in Sonoma, Marin, Santa Clara, and Los Angeles Counties; one full service branch in Washington located in King County; six loan production offices located throughout California; and a loan production office in Clackamas County, Oregon. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.

Corporate Governance

Luther Burbank Corporation’s ISS Governance QualityScore as of October 1, 2022 is 4. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 5; Compensation: 6.

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.
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