Luther Burbank Corporation Appoints Yzaguirre to Board of Directors

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SANTA ROSA, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) – Luther Burbank Corporation (NASDAQ: LBC), the holding company of Luther Burbank Savings (“the Bank”), today announced that Messrs Max Yzaguirre has been appointed on the boards of directors of Luther Burbank Corporation and Luther Burbank Savings (the “Boards”). He will sit on the Audit and Risk Committee and the Compensation Committee, as of January 2, 2022.

“Max brings his extensive experience on banking boards and other companies, as well as his leadership experience in a wide range of industries, including banking, real estate, infrastructure construction, engineering, electricity, oil and gas, telecommunications and private equity investment. . We are delighted to welcome him to the boards of the LBC and the bank, ”said Vic Trione, President of Luther Burbank. “His experience will complement the expertise of our directors, especially as the company continues to evolve strategically and develop its activities. “

About Mr. Max Yzaguirre

Mr. Yzaguirre’s experience includes national and international business, government and law as well as expertise in a wide variety of industries and sectors. He currently sits on the Board of Directors of Aris Water Solutions, Inc. (NYSE: ARIS) and is Chairman of their Compensation Committee. Mr. Yzaguirre previously served on the Boards of Directors of BBVA USA Bancshares, Inc. and BBVA USA Bank, the Board of Directors of Texas Regional Bancshares and the Board of Directors of Texas State Bank. He was also executive chairman of the energy infrastructure construction company, Forbes Bros. Holdings, Ltd., and Chairman and CEO of Isolux Ingenieria USA, LLC, the US subsidiary of Isolux Corsan, a Spanish engineering, procurement and construction company. Mr. Yzaguirre is also a member of the National Association of Corporate Directors (NACD) and the Latino Corporate Directors Association (LCDA).

About Luther Burbank Corporation

Luther Burbank Corporation is a public company listed on the NASDAQ Capital Market under the symbol “LBC”. The company is headquartered in Santa Rosa, Calif., With total assets of $ 7.2 billion, total loans of $ 6.3 billion, and total deposits of $ 5.6 billion as of September 30, 2021. It operates primarily through its wholly owned subsidiary, Luther Burbank Savings, an FDIC insured, California chartered bank. Luther Burbank Savings fulfills its mission to improve the financial future of customers, employees and shareholders by providing banking services to individuals and businesses. It offers consumers a host of highly competitive deposit and mortgage products, coupled with personalized attention. Business customers benefit from boutique-quality service as well as access to products that meet their unique financial needs, the convenience of online and mobile banking, robust cash management solutions, and cash flow products. high yield liquidity management for multi-family and commercial real estate loans. Currently operating in the Western United States with ten branches in California, one branch in Washington, and loan offices located throughout the market area, Luther Burbank Savings is an equal real estate lender. For more information, please visit lutherburbanksavings.com.

CONTACT: Contact Laura Rosenbaum Marketing 310.272.7375 [email protected]


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