SANTA ROSA, Calif., Dec. 22, 2020 (GLOBE NEWSWIRE) — Luther Burbank Company (the “Firm”) (NASDAQ: LBC), the holding firm for Luther Burbank Financial savings (the “Financial institution”), has introduced that Renu Agrawal has been appointed to the Board of Administrators of the Firm and the Financial institution. Ms. Agrawal has additionally been appointed to the Firm’s and the Financial institution’s Audit and Danger Committee of the Board of the Administrators.
Ms. Agrawal most lately served as Government Vice President and Chief Working Officer for Wells Fargo’s Monetary Establishments Group. Previous to that, she oversaw Wells Fargo’s Worldwide Treasury Administration enterprise and performed a management position within the Wells Fargo-Wachovia merger. Earlier, Ms. Agrawal was Chief Working Officer at ValleyCrest Corporations and Quisic Company. She started her profession as a scientist at Polaroid and in addition labored at McKinsey & Firm. Ms. Agrawal is a founding member of Neythri, a worldwide neighborhood of South Asian skilled ladies dedicated to serving to one another succeed. She beforehand served as a board member and finance chair for First Graduate and in 2018 acquired the Nationwide Asian Pacific American Company Achievement Award. Ms. Agrawal holds a M.B.A. from MIT Sloan College of Administration and a Ph.D. in Supplies Science and Engineering from MIT. She graduated with a B.Tech in metallurgy from IIT, Kanpur.
“Renu’s expertise as a strategic senior banking govt makes her a uniquely certified addition to our board,” mentioned Victor Trione, Chairman of the Board of Luther Burbank Company. “I anticipate Renu will leverage her experience to make rapid and helpful contributions to the group and I’m happy to welcome her to our board.”
Ms. Agrawal commented, “I’m thrilled to affix the board of Luther Burbank Company and sit up for working with fellow board members to supply steering and perspective to the manager group in help of Luther Burbank’s strategic plan.”
About Luther Burbank Company
Luther Burbank Company is a publicly owned firm traded on the NASDAQ Capital Market below the image “LBC.” The Firm is headquartered in Santa Rosa, California with complete belongings of $7.1 billion, complete loans of $6.1 billion and complete deposits of $5.3 billion as of September 30, 2020. It operates primarily by way of its wholly-owned subsidiary, Luther Burbank Financial savings, an FDIC insured, California-chartered financial institution. Luther Burbank Financial savings executes on its mission to enhance the monetary future of consumers, staff and shareholders by offering private banking and enterprise banking companies. It affords customers a number of extremely aggressive depository and mortgage merchandise coupled with personalised consideration. Enterprise prospects profit from boutique-quality service together with entry to merchandise which meet their distinctive monetary wants from the comfort of on-line and cell banking, sturdy money administration options, and high-yield liquidity administration merchandise to multifamily and industrial actual property lending. At present working in California, Oregon and Washington, from ten branches in California, one department in Washington and 7 lending places of work positioned all through the market space, Luther Burbank Financial savings is an equal housing lender. For added info, please go to lutherburbanksavings.com.
Contact: Bradley Satenberg Investor Relations 844-446-8201