Luther Burbank Corporation (LBC)

NASDAQ: LBC · IEX Real-Time Price · USD
-0.13 (-0.95%)
Aug 19, 2022 3:59 PM EDT - Market closed

Company 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.

Luther Burbank Corporation
Country United States
Founded 1983
IPO Date Dec 8, 2017
Industry Thrifts & Mortgage Finance
Sector Financials
Employees 289
CEO Simone Lagomarsino

Contact Details

520 3rd St Fl 4
Santa Rosa, California 95401-6414
United States
Phone 844 446 8201

Stock Details

Ticker Symbol LBC
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency US Dollars
CIK Code 0001475348
CUSIP Number 550550107
ISIN Number US5505501073
Employer ID 68-0270948
SIC Code 6022

Key Executives

Name Position
Simone F. Lagomarsino Chief Executive Officer, President and Director
Laura Tarantino Executive Vice President and Chief Financial Officer
Parham Medhat Executive Vice President and Chief Operations and Technology Officer
Bradley S. Satenberg Head of Investor Relations
Tammy Mahoney Executive Vice President and Chief Risk Officer
William D. Fanter Executive Vice President and Head of Retail Banking
Alexander L. Stefani Executive Vice President and Chief Credit Officer
Lisa Kepler Senior Vice President and Director of Single Family Residential Lending

Latest SEC Filings

Date Type Title
Aug 10, 2022 SC 13D/A [Amend] General statement of acquisition of beneficial ownership
Aug 5, 2022 10-Q Quarterly Report
Jul 26, 2022 8-K Current Report
Jul 8, 2022 8-K Current Report
May 6, 2022 10-Q Quarterly Report
Apr 28, 2022 8-K Current Report
Apr 26, 2022 8-K Current Report
Apr 8, 2022 8-K Current Report
Mar 18, 2022 8-K Current Report
Mar 16, 2022 DEFA14A Additional definitive proxy soliciting materials and Rule 14(a)(12) material