At A Glance
Stay up to date by following us on LinkedIn.
To Our Valued Customers:
2017 has been a challenging year as family, friends and neighbors have lost homes and businesses as a result of the North Bay fires. Luther Burbank Savings has a history in Sonoma County as a leader in construction and development financing. Many of the homes lost we helped build through construction financing. read more
Federation of Exchange Accommodators (FEA) will be holding their 28th Annual Conference in San Diego September 13-15. Luther Burbank’s Business Banking team is looking forward to sponsoring the event and meeting attendees, make sure to drop by the Bernardo Ballroom during session breaks.
Luther Burbank Savings’ Income Property Lending team is pleased to sponsor the BAMA (Bay Area Mortgage Association) Summer Mixer. Join us at EPIC Steak on Tuesday, August 8 from 5:30pm to 8:30pm. Click here for registration details.
Summer CAMP 2017 is in session August 7-8 at the Coronado Island Marriott Resort and Spa. Our account executives look forward to mingling with mortgage professionals from across California during this annual event. Stop by booth #10 in the exhibit hall to learn about our residential lending programs.
Mel Jensen has joined Luther Burbank Savings as Income Property Loan Officer. Leveraging over 30 years of experience in commercial and multifamily lending, Mel offers market expertise to clients seeking financing throughout the Greater Los Angeles area.
Jerry Carlson has joined Luther Burbank Savings as Account Executive. In his new role, Jerry will manage wholesale relationships for the Bank's portfolio residential lending business in Washington state.
Catch up with our Income Property lending group during RENTV's Sacramento State-of-the-Market Conference on May 11th.
A team of Luther Burbank employees participated in the Human Race and raised over $5000 for the Volunteer Center of Sonoma County. Luther Burbank Savings has matched this donation making the "Daisy Petals" the top fundraising team for the event.
RealShare Los Angeles is coming up on April 25th. Stop by the Luther Burbank booth between sessions to learn more about our Income Property Lending and Business Banking solutions.
On April 19th, the Manhattan Beach office hosted 23 students from Gardena High School enrolled in Junior Achievement's Financial Academy program. Eric Carlson, Director of Development with Junior Achievement commented, "Luther Burbank Savings' partnership with our organization is paramount to student success. We wish we had more financial partners offering similar stewardship, their Job Shadow event complements our financial education program with real life examples that are so impactful to high school students soon entering the job market." Warren Harris, SVP, Fair & Responsible Banking Officer welcomed and hosted students throughout the day providing live demonstrations of video conferencing, shedding light on various departments and functions within the bank while also creating an interactive environment for students to ask questions.
Liana Prieto, Executive Vice President and General Counsel, will be a featured panelist at the General Counsel Summit to be held April 19-22nd in Aventura, Florida. Incentive Compensation and Cross-selling Under Fire: Strategies for Compliance and Risk Management in Sales Practices will be on the agenda April 21st at 2:00pm.
Join Luther Burbank Savings in congratulating Kevin Joseph, Income Property Loan Officer, on being recognized by the Los Angeles Business Journal as one of L.A. County’s Most Influential Lenders.
Luther Burbank Savings has done it again, we’ve been included in NorthBay biz’s The Top 500 North Bay Companies.
Luther Burbank's President — Consumer & Commercial Banking will be a featured speaker at the American Bankers Association Real Estate Lending Conference. 20/20 Vision: Building for the Future will be held March 29-31st in Orlando, Florida. Don’t miss this opportunity to sharpen your vision and go for growth.
Bryan Harvey has joined Luther Burbank Savings as an Income Property Loan Officer. In his new role, Bryan will leverage more than 15 years of origination experience in multifamily lending to expand the Bank’s direct to investor channel in the Bay Area.
February 3rd was National Wear Red Day to help raise awareness and improve heart disease care for women. Our Santa Rosa team showed their support by wearing red and raising $500. Luther Burbank has matched these funds dollar for dollar, taking our donation total to $1,000.
Our passion and dedication to providing grants throughout California has recently made us one of the leading participants of the Federal Home Loan Bank of San Francisco. As of December 12th, Luther Burbank Savings has provided 42 grants totaling $612,053 to first-time homebuyers earning less than 80% of their area median income. These grants are originated through our participation of the FHLB SF Workforce In Support of Housing (WISH) Program. We will continue to champion this cause by applying for more funding in 2017.
On November 29th, the Santa Rosa branch received approximately 50 “Giving Hearts” from Sonoma County as part of their annual Secret Santa event. To date, roughly 25 “Giving Hearts”, containing the wish list of a child or adult in need, have been pulled and six wrapped gifts have been returned. Branch customers as well as Luther Burbank Savings employees are welcome to participate. Please stop by the Santa Rosa branch if you are able to take part in this worthwhile project.
With two locations in the Valley, Luther Burbank Savings was included in the San Fernando Valley Business Journal’s The Lists 2017.
Our Community Lending Manager recently taught a First-Time Homebuyer Workshop hosted by NEW Economics for Women, a Los Angeles based non-profit dedicated to the economic security of women. Participating in these events ensure that Luther Burbank Savings continues to have a significant impact in the communities we serve with our affordable housing home loan programs. Learn more about what we are doing to help first-time homebuyers to realize their dreams of homeownership.
Luther Burbank Savings is proud to support the 2016 “Night of Miracles – The Heart of a Hero”. Miracles for Kids, one of our community partners, serves children with life-threatening illnesses and their families.
Luther Burbank Savings is proud to support the Center for Well-Being’s annual “Celebration of Dream” event honoring local community leaders in health and wellness at the Santa Rosa Golf & Country Club. The Center is tackling chronic disease from all angles — giving communities the tools needed to live full, healthy lives. Thank you to our executives who supported the cause and to Autumn Strier, President & CEO of Miracles for Kids, another Luther Burbank community partner, for joining us.
In The News
May 18, 2017 ι Forbes
How Technology Is Closing The Financial Accessibility Gap
Similarly, Luther Burbank Savings is offering three new community lending programs to make homeownership more accessible in California. read more
March 3, 2017 ι American Banker
Time to cool it in multifamily?
"We're not seeing any distress or cause for concern," said Jason Pendergist, the president of consumer and commercial banking at the $5.1 billion-asset Luther Burbank Savings in Manhattan Beach, Calif. "We're just seeing projects fill up at the expected pace and we’re seeing rent levels move up at a deliberate pace." read more
November 28, 2016 ι North Bay Business Journal
Santa Rosa's Luther Burbank Savings' growth plan...
The Business Journal interviewed John Biggs, CEO and president of Luther Burbank Savings. North Bay’s largest financial institution was started in 1983 and is based in Santa Rosa. read more
July 19, 2016 ι North Bay Business Journal
Santa Rosa's Luther Burbank Savings Seeks Commercial Bank Status
Luther Burbank Corporation, based in Santa Rosa and founded in 1983, on July 19 published notice of its application to the Federal Reserve Board in San Francisco to convert from a unitary thrift holding company to a bank holding company. read more
June 1, 2016 ι Wall Street Journal
Banks Embrace of Jumbo Mortgages...
High-dollar home loans place lenders between two post crisis regulatory mandates: Take fewer risks and lend to a racially diverse pool. Last decade's financial crisis left many losers in banking. One winner is the jumbo. read more
May 20, 2016 ι North Bay Business Journal
Sonoma County Loan Fund launches with $255k in microloan pledges
Sonoma County startups and entrepreneurs in need of financing have a new pool of funds to dive into, thanks to pledges from several financial institutions. read more
April 17, 2016 ι Press Democrat
Quiet Luther Burbank Savings, Sonoma County's biggest bank, is adding to its successful formula
With new digs in downtown Santa Rosa, a large sign out front and a strong record of profit, Luther Burbank Savings is finally bringing a little attention to its success as the largest consumer bank in Sonoma County. read more
Nov. 4, 2015 ι American Banker
Luther Burbank in Calif. Launches Affordable Home-Loan Programs
Luther Burbank Savings, in Santa Rosa, Calif., has established three home loan programs aimed at helping low- and moderate-income borrowers afford to buy homes in nine California counties. read more
July 23, 2015 ι Long Beach Post
Luther Burbank Savings Opens Long Beach Branch on Second Street
The Santa Rosa-headquartered financial institution Luther Burbank Savings opened a Long Beach branch this month, on Second Street. read more
November 9, 2017 ι PR Newswire
Luther Burbank Corporation Launches IPO of Common Stock
Luther Burbank Corporation (“the Company”), a holding company that operates primarily through its wholly owned banking subsidiary, Luther Burbank Savings, announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The offering will total $150 million, inclusive of the underwriters’ overallotment option. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The Company has applied to list its common stock on the NASDAQ Global Select Market under the ticker symbol “LBC.” read more
September 27, 2017 ι PR Newswire
Luther Burbank Savings Completes $626 Million Securitization of Multifamily Loans
Luther Burbank Savings announced today that it completed the securitization of $626 million of its multifamily loans through Freddie Mac sponsored Q Certificates. Luther Burbank Savings will be the Sub-Servicer for the securitization. All of the multifamily loans were originated within Luther Burbank Savings’ geographic markets along the west coast extending from Washington to California. read more
September 25, 2017 ι PR Newswire
John C. Erickson Joins Luther Burbank Savings Board of Directors
Luther Burbank Savings has announced that John C. Erickson has joined the Company’s Board of Directors. read more
April 7, 2017 ι PR Newswire
Luther Burbank Savings Is Helping To Bring Miracles for Kids to Sonoma County
Luther Burbank Savings announces a partnership with Miracles for Kids to provide financial aid to families of Sonoma County with children battling life-threatening illnesses. Miracles for Kids is a non-profit organization which provides much needed financial aid, food delivery, wellness and other support programs to meet the basic needs of critically-ill children and families in crisis. read more
April 6, 2017 ι PR Newswire
Luther Burbank Savings "Grow" and "Daisy" Loans Make First Time Homebuyer Dreams A Reality
Luther Burbank Savings, one of the largest privately held financial institutions in California with over $5.1 billion in assets, has pledged to loan $50 million to first time homebuyers. Their popular "Daisy" product, which the bank reintroduced in 2016, offers down payment assistance to first time homebuyers. "Grow," which is complemented by "Daisy," is a community lending program designed to make California homeownership more viable, especially to those who cannot afford the typical down payment. read more
Oct. 2016 ι Direct Distribution
Luther Burbank Savings Converts to State-Chartered Commercial Bank Status
Luther Burbank Savings, one of the largest privately held financial institutions in California with over $4.7 billion in assets, has announced its strategic conversion from a federally-chartered savings association to a state-chartered commercial bank, according to John Biggs, President and Chief Executive Officer. read more
Jan. 26, 2016 ι PR Newswire
Robert Armstrong Joins Luther Burbank Savings as Senior Vice President, Director of Online Banking
Luther Burbank Savings announced this week that Robert Armstrong has joined the bank as Senior Vice President of its Online Banking Division. read more
Nov. 2, 2015 ι Direct Distribution
Luther Burbank Savings Launches New Loan Programs to Make Homeownership and Home Improvement More Accessible in California
Luther Burbank Savings, one of the largest privately held financial institutions in California with over $4 billion in assets, has announced the launch of three new community lending programs that will make homeownership and home improvement loans more accessible for borrowers throughout California... read more
July 20, 2015 ι PR Newswire
Luther Burbank Savings Opens Branch in Long Beach
Luther Burbank Savings, one of the largest privately held financial institutions in California with nearly $4 billion in assets, has opened a branch in Long Beach, Calif. at 5348 2nd Street. read more
Oct. 23, 2014 ι PR Newswire
Luther Burbank Savings Receives Bank Enterprise Award
Luther Burbank Savings announced that on Thursday, September 18th, it received a Bank Enterprise Award of $105,000 for providing an Affordable Housing Mortgage Loan, an Affordable Housing Development Loan and Project Investments in California. read more