Board of Directors of Proficio Bank
Lock W. Ireland – Chairman, Former President of Resource Bancshares and Chief Executive Officer of 1st Performance Bank
Lock W. Ireland's (Lock) role is as an external member of the Board of Directors of Proficio Bank Mr. Ireland was instrumental to the formation to the Company and has previously executed a business strategy similar to NHB Holdings' strategy. Mr. Ireland has been in the banking business for his entire professional career. Mr. Ireland was the President of Resource Bancshares (1994-1999), the holding company to Resource Bancshares Mortgage Group (RBMG), which was bought by NetBank in 2001 and is now one of the largest thrifts in the U.S. During this time, Mr. Ireland also served terms as Vice Chairman of Republic National Bank in Columbia, South Carolina (1987-1995) and as President and Chief Executive Officer of 1st Performance Bank in Jacksonville, Florida (1990-1994), which primarily focused on mortgage banking. Mr. Ireland organized 1st Performance Bank by obtaining a charter to capitalize on a mortgage opportunity that was identified in the market. 1st Performance Bank was sold less than 36 months later for $36 million cash. Prior to Resource Bancshares, Mr. Ireland held multiple responsibilities including Executive Vice President and Chief Operating Officer of Bankers Trust of South Carolina. Mr. Ireland began his career in 1969 as a bank regulator working with banks and thrifts on holding company formations and charter activities for the Federal Reserve Bank in Dallas, Texas. Mr. Ireland presently serves as a Director on the Board for Global Axcess Corp, Inc., a publicly traded specialty bank related company. Mr. Ireland is a graduate of North Carolina State University with an Economics degree and has completed many banking programs including the three-year banking curriculum at the University of Wisconsin.
John W. Westman – Former worldwide Chief Financial Officer of Banc One Corporation
John W. Westman’s (John) role is as an external member of the Board of Directors of Proficio Bank. Mr. Westman was instrumental to the formation of the Company and is a highly successful financial and organizational strategist. Mr. Westman has over 30 years of experience in senior executive positions with Banc One Corporation and General Electric (“GE”). During this time frame, Banc One grew approximately four times in size from $15 billion to $63 billion in assets. Mr. Westman worked for Banc One Corporation for ten years in various capacities including the Chief Financial Officer of the holding company, President and Chief Operating Officer of a Bank One affiliate bank, and Senior Vice President of Strategic Planning. Mr. Westman facilitated the bank’s acquisition and growth strategy. He directed the financial plan to acquire the banks from M Corporation in 1989 and subsequent implementation of the financial control system used for all Bank One affiliate banks. Prior to Banc One Corporation, Mr. Westman was employed by GE where he served as Chief Executive Officer, Chief Financial Officer, Strategic Planning and General Manager Positions over a 20-year period. He led a management buyout effort for MPD, a GE division that was sold to a venture capital firm in 1986. Mr. Westman is a graduate of Ohio State in 1964 with a Mathematics and Chemistry degree.
Brad D. Hardy – Former Chief Financial Officer & General Counsel of First Security Corporation, the second largest bank holding company in the West
Brad D. Hardy’s (Brad) role is as the Chief Executive Officer of Proficio Bank and a member of the Board of Directors of Proficio Bank Mr. Hardy has the ability to effectively operate a rapidly growing nationally focused bank with a large national mortgage subsidiary in a safe and sound manner. Mr. Hardy has over 25 years of broad and diverse experience in the banking, mortgage and bank-related industries. Mr. Hardy has held roles including Chief Financial Officer and General Counsel at First Security Corporation, a $22 billion bank holding company headquartered in Salt Lake City (1995 – 2000). While at First Security, Mr. Hardy was instrumental in First Security’s almost doubling in asset size from $ 13 billion in 1995 to $22 billion in 2000 and acquiring over 25 banks and financial services companies. First Security Corporation, prior to its acquisition by Wells Fargo in 2000, was the second largest independent bank holding company in the West. First Security operated almost 4000 banking centers in 7 states. First Security operated 150 residential mortgage and construction lending offices in 26 states through CrossLand Mortgage, First Security Bank and First Security Leasing. CrossLand Mortgage had annual mortgage originations in excess of $13 billion. Most recently, Mr. Hardy held a leadership role as Co-Chair of the integration of the First Security Corporation and Wells Fargo merger and other responsibilities (2000-2005). Earlier in his career, Mr. Hardy was in private practice at Ray, Quinney & Nebeker, a corporate law firm specializing in bank regulation, mergers and acquisitions, and corporate governance (1978 – 1995). Mr. Hardy received a BS in business management (1974), MBA (1975) and JD (1978) from the University of Utah.
Senator Al Mansell – Former President of National Association of Realtors and Utah State Senator
Senator Al Mansell’s (Al) role is as an external member of the Board of Directors of Proficio Bank Senator Mansell is an expert in the national real estate industry, an industry that is important to the Company’s strategy. Senator Mansell served as a Utah State Senator from 1994 until 2007. Senator Mansell served as chairman of several committees and in a number of leadership roles including President of the Senate from 2000 to 2004. Senator Mansell just completed his role as the 2005 President of National Association of Realtors© (NAR) and also served as the Immediate Past President of NAR. NAR is the nation’s largest professional association representing over 1.25 million members who are involved in all aspects of the real estate industry. Senator Mansell has been a Realtor® since 1969. Earlier in his professional career, Senator Mansell founded and successfully grew Mansell and Associates into one of the largest and most successful real estate companies in Utah. Concurrent to this role, he built a mortgage company and a home warranty company. Senator Mansell sold all the three companies in 2001. Senator Mansell then became the Chief Executive Officer of Coldwell Banker Residential Brokerage, a position he held until becoming NAR president. He was a founding member of Realty Alliance, the nation’s largest real estate alliance. Senator Mansell has been active in the community serving on a number of boards such as the Board of Trustee's for Intermountain Health Care, the President of the Sandy Rotary Club, the Executive Committee for the Economic Development Corporation of Utah, the Olympic Organizing Committee for the 2002 Salt Lake City Olympics, and is currently the Chairman of the Utah State Sports Commission. Senator Mansell is a native of Utah and attended the University of Utah.
Michael A. Johnston – Founder, Chairman & Chief Executive Officer of Merrill Lynch Credit Corporation
Michael A. Johnston's (Mike) formerly served as the President of Proficio Bank Mortgage and a member of the Board of Directors of Proficio Bank. Mr. Johnston retired as a day-to-day executive and now serves as a member of the Board of Directors of NHB Holdings. Mr. Johnston has over 35 years of experience in the financial services industry. Mr. Johnston is the founder and former Chairman and Chief Executive Officer of Merrill Lynch Credit Corp ("MLCC") (1981-2001). Most recently, Mr. Johnston was Director and Chairman and Chief Executive Officer of a Jacksonville, Florida based company, Basis100, which he sold to First American in 2004 (2001–2004). While at MLCC, Mr. Johnston launched and grew the organization into an 880 person full-service mortgage and home equity business. MLCC is the mortgage subsidiary of Merrill Lynch Bank, based in Salt Lake City, which is the largest state chartered industrial bank in the U.S. with over $66 billion in assets. In 1997, under Mr. Johnston's leadership, MLCC was awarded the coveted Malcolm Baldridge National Quality Award. In addition to his MLCC role, Mr. Johnston simultaneously served as Chairman and Chief Executive Officer of Lender's Service Inc., a mortgage settlement services vendor that was sold to Fidelity National Financial (1996-1998). Earlier in his career, Mr. Johnston was the Chief Financial Officer of Merrill Lynch Hubbard. Merrill Lynch Hubbard specialized in real estate syndications, Small Business Administration loans, and GNMA securities. Mr. Johnston began his career with Merrill Lynch, Pierce, Fenner & Smith, Inc. as a junior accountant in 1969. Until early 2008, Mr. Johnston also served as the Chairman of the Advisory Board of ATM Corp of America, an emerging settlement services company. Mr. Johnston is a graduate of Pace University in 1976 with a BBA.
Jeffrey R. Johnson - Financial Services Executive; Former President & CEO of GMAC Bank and the Prudential Bank & Trust (Atlanta, Georgia.)
Jeff is an external member of the Board of Directors of NHB Holdings, Inc. and Proficio Bank joining the Boards in August, 2008. Mr. Johnson has over 25 years of executive experience in the financial services industry. Most recently, he has served as a consultant to several private equity firms seeking investments in the financial services arena. From 2004 to 2006, Jeff was the President and CEO of Franklin Credit Management Corp., a specialty finance and mortgage company. Jeff was recruited by the founder to strategically reposition the firm and significantly expand its franchise. He enhanced the corporate governance structure, financial reporting processes and internal control procedures to bring the company into full compliance with Sarbanes-Oxley regulations and also led the company through a successful IPO, listing the company’s stock on NASDAQ. From 2000 to 2002, Jeff served as the founding President and CEO of GMAC Bank, a new commercial banking business created to provide captive banking services to various GM affiliates, including their large and rapidly growing residential mortgage operations. Jeff also served for 10 years as the President & CEO of the Prudential Bank and Trust and previously held executive positions with Equifax, Bank of America and Citicorp. Jeff is a graduate of the Arizona State University, from which he received his Bachelor of Science in Finance as well as his MBA in Finance and International Economics.
