Directors
Craig J. Cerny
William “Butch” Phillips, President
Paul O. Halme, J.D.
Timothy Hatlestad
John J. McConnell, Ph.D.
William D. Ross
Susan C. Weber
Executive Officers
Craig J. Cerny
William “Butch” Phillips, President
Susan C. Weber, EVP
Vernon H. Hansen, President-Arizona Region
Rick Harrison, President-Harrington Wealth Management
Steven J. Berg, J.D., SVP
Kim D. Chambers, SVP
Michele K. Morrison, SVP
Kerry K. Steele, SVP, CFO
Steen Weber, SVP
Chairman, Chief Executive Officer
Craig J. Cerny has served as Chairman of the Board and Chief Executive Officer of Harrington West Financial Group, Inc. (OTC Market:HWFG) since August 1995, when he formed the Company to acquire Los Padres Bank. HWFG is a $1.1 billion diversified banking company, operating Los Padres Bank in the central coast of California and the Phoenix metro. It also owns Harrington Wealth Management Company, a trust and investment management company, with $161 million in assets under management. Mr. Cerny has been the Chief Executive Officer of Los Padres Bank since October 2001 and the Chairman of the Board of Los Padres Bank since May 2002. Until January 2002, Mr. Cerny was the Chief Executive Officer, President and a director of Harrington Financial Group, Inc., Richmond, Indiana, or HFGI, and Chairman of the Board and Chief Executive Officer and President of HFGI's subsidiary, Harrington Bank, FSB, positions he held since February 1992. In January 2002, HFGI and Harrington Bank merged with an unaffiliated financial institution after the sale of the assets of HFGI's Shawnee Mission, Kansas operations to Los Padres Bank. Prior to holding these positions, Mr. Cerny served as a principal and member of the board of directors of Smith Breeden Associates, Inc, which is a money management and bank consulting firm with over $30 billion of assets under management or advisement. Mr. Cerny was employed at Smith Breeden from April 1985 to December 1996, where he was active in the firm's bank consulting and investment advisory practice. Mr. Cerny remains a stockholder in Smith Breeden. Prior to joining Smith Breeden, Mr. Cerny held a number of financial management related positions with Hallmark Cards, Inc. and Pizza Hut Restaurants, Inc. He holds a Master of Business Administration in Finance and a Bachelor of Science in Finance from Arizona State University. Mr. Cerny resides in Scottsdale, Arizona, where HWFG maintains an executive office and Los Padres Bank is expanding on a regional basis.
President
William "Butch" Phillips is the President and a director of the Company, and he is the President, Chief Operating Officer, Chief Financial Officer and a director of the Bank. Mr. Phillips has been the Company's President since 1998 and a director since May 2002. Mr. Phillips became a director of the Bank in 2001. Mr. Phillips has served as the President and Chief Operating Officer of the Bank since 1997. Prior to being the President and Chief Operating Officer of the Bank, Mr. Phillips served as its Senior Vice President and Treasurer. Mr. Phillips has more than 27 years of experience in the banking industry and has served the Bank in progressively responsible capacities since its origination in 1983.
Director
Paul O. Halme has served as a director of the Company since May 2002 and as a director of the Bank since 2000. Mr. Halme is an attorney and a partner in the law firm of Halme and Clark in Solvang, California. Mr. Halme was named Man of the Year in 2003 for his support of nonprofit charities in his community. He is a founder and the first President of the Santa Ynez Valley Bar Association. He currently serves as Chair of the Paloheimo Foundation Board which supports specific museums and educational beneficiaries including The Pasadena Museum of History, Pasadena, California, El Rancho De Las Golondrinas, an outdoor museum of Spanish Colonial History, Santa Fe, New Mexico, The School of American Research, Santa Fe, New Mexico and The Southwest Museum, Los Angeles, California. Mr. Halme is a Knight First Class Order of the Lion of Finland awarded in recognition of his support of cultural and educational exchange between the country of Finland and the United States.
Director
Timothy Hatlestad has served as a director of the Bank since 2003, and is nominated as a director for the Company. Mr. Hatlestad is President and CEO of Resource Marketing Group, Inc., owner of RE/MAX Commercial Investment and RE/MAX Achievers, which is a real estate brokerage, property management, development and real estate investment firm with fourteen offices in the Phoenix metropolitan area. The company completed almost 10,000 transactions in 2005 representing more than $2.8 Billion in sales volume. The company is recognized as one of the largest real estate brokerage firms in Arizona as well as the United States. Currently there are more than 600 real estate professionals associated with the firm. Mr. Hatlestad is the 2006 First Vice President of the CCIM Institute, an organization dedicated to advanced commercial investment real estate education; and was the 2005 President of the 48,000+ member Arizona Association of REALTORS®.
Director
John J. McConnell has served as a director of the Company and as a director of the Bank since 1996. Dr. McConnell also served as a director of HFGI until January 2002. Dr. McConnell is the Emanuel T. Weiler Distinguished Professor of Management (in Finance) at the Krannert School of Management, Purdue University, where he has been a faculty member since 1976. He served on the Board of Directors of the Federal Home Loan Bank of Indianapolis from 1983 to 1986 and has been a consultant for various government agencies, trade associations, law firms, and corporations.
Director
William D. Ross has served as a director of the Company since 1996 and a director of the Bank since its incorporation in 1982. Mr. Ross served as the Company's President from 1996 until 1998 and as the Chief Executive Officer of the Bank from 1983 to 1998 and was Chairman of the Bank from 1997 to May 2002. Mr. Ross has spent more than 47 years in the banking business.
Executive Vice President, Chief Lending Officer
Susan C. Weber has been with the Bank since 1983. Mrs. Weber has served as the Company's Senior Vice President and Secretary since 1999. Mrs. Weber has served as Executive Vice President and Chief Lending Officer of the Bank since 1999, and she has been a director of the Bank since 2001. When Mrs. Weber joined the Bank in 1983 as Vice President and Loan Manager, she was instrumental in establishing its loan department. Shortly thereafter, Mrs. Weber was promoted to Vice President and Chief Loan Officer and, in June 1997, she was promoted to Senior Vice President and Chief Loan Officer. Mrs. Weber has more than 31 years experience in the banking industry.
President, Arizona Region
Vernon H. Hansen joined the Bank in July 2002 as President of its newly formed Arizona Region. Mr. Hansen has several years of experience in the Phoenix, Arizona metropolitan market, and a 31 year background in commercial and community banking, including duties as President, Branch Manager, Chief Credit Officer and Lending Officer. Prior to joining the Bank, Mr. Hansen served as Executive Vice President - Chief Lending Officer for Bank of the Southwest in Tempe, Arizona from May 2001 to July 2002, and Vice President - Chief Credit Officer for Matrix Capital Bank in Phoenix and Denver from January 1997 to May 2001. Mr. Hansen was also employed by the Federal Deposit Insurance Corporation as a bank examiner earlier in his career.
Senior Vice President, Chief Financial Officer
Kerry K. Steele joined Los Padres Bank in February 2004 as Vice President, Corporate Controller and was promoted to Chief Financial Officer in December 2004. Ms. Steele is a certified public accountant and was formerly Director of Corporate Accounting for World Minerals, Inc., a subsidiary of a Fortune 500 Company. Ms. Steele received her public training with KPMG, LLP with a focus on audit and taxation of financial institutions.
Senior Vice President, Corporate Counsel and Compliance Officer
Steven J. Berg has served as the Bank's Corporate Counsel and as Senior Vice President and Compliance Officer since October 1996. At the time Mr. Berg joined the Bank, he was in private law practice in Santa Barbara and Goleta, California, where he focused on banking and creditors' rights law. Prior to that, Mr. Berg served in various legal positions, including general counsel with Santa Barbara Federal Savings & Loan Association. Mr. Berg entered private law practice in 1976.
