SAN DIEGO -- (Business Wire)
BofI Holding, Inc. (the “Company”) (NASDAQ: BOFI), parent of
BofI Federal Bank (the “Bank”), announced today the addition of a new
member to the Boards of Directors of the Company and the Bank (the
“Boards”). James Brandon Black joins the Boards as an independent
director effective October 26, 2017.
Mr. Black is currently an operating partner at Clover Crest Partners, a
private investment group founded by experienced public and private
company chief executive officers and operators to invest in
service-based businesses located in the Western United States. In 2013,
Mr. Black retired as the Chief Executive Officer and Director of Encore
Capital Group, Inc. (NASDAQ: ECPG), one of the largest global companies
in the credit management services industry. During his nine years as
CEO, Mr. Black was instrumental in growing the business, expanding into
new asset classes and geographies and making acquisitions that
established Encore as the industry’s leading debt management and
recovery solutions provider. Prior to Encore, Mr. Black worked for First
Data Resources and Capital One Financial Corporation, where he led
various operating units including credit, customer service, fraud and
collections. Mr. Black earned a M.B.A. from the University of Richmond
and a bachelor’s of business administration degree from The College of
William and Mary. Most recently, he co-authored and published a book
titled, “Ego Free Leadership: Ending the Unconscious Habits that Hijack
Your Business.”
Paul Grinberg, Chairman of the Boards, stated, “I am excited to have
someone with Brandon’s background and expertise join the Boards. His
strong public company and financial services management experience will
be a great asset in the continued growth of the Company and the Bank.”
Additional information about the election of Mr. Black is available on
the Company’s current report on Form 8-K filed today with the Securities
and Exchange Commission.
About BofI Holding, Inc.
BofI Holding, Inc. is the holding company for BofI Federal Bank, a
nationwide bank that provides financing for single and multifamily
residential properties, small-to-medium size businesses in target
sectors, and selected specialty finance receivables. With approximately
$8.6 billion in assets, BofI Federal Bank provides consumer and business
banking products through its low-cost distribution channels and affinity
partners. BofI Holding, Inc.’s common stock is listed on the NASDAQ
Global Select Market under the symbol “BOFI” and is a component of the
Russell 2000® Index, the S&P SmallCap 600® Index, and the KBW Nasdaq
Financial Technology Index. For more information on BofI Federal Bank,
please visit bofifederalbank.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including without limitation statements
relating to BofI's financial prospects and other projections of its
performance and asset quality, BofI's ability to grow and increase its
business, diversify its lending, and the anticipated timing and
financial performance of new initiatives. These forward-looking
statements are made on the basis of the views and assumptions of
management regarding future events and performance as of the date of
this press release. Actual results and the timing of events could differ
materially from those expressed or implied in such forward-looking
statements as a result of risks and uncertainties, including without
limitation changes in interest rates, inflation, government regulation,
general economic conditions, conditions in the real estate markets in
which we operate and other factors beyond our control. These and other
risks and uncertainties detailed in BofI's periodic reports filed with
the Securities and Exchange Commission could cause actual results to
differ materially from those expressed or implied in any forward-looking
statements. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in their
entirety by this cautionary statement, and BofI undertakes no obligation
to revise or update any forward-looking statements to reflect events or
circumstances after the date of this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171030005394/en/
Contacts:
BofI Holding, Inc.
Johnny Lai, CFA
VP, Corporate Development &
Investor Relations
858-649-2218
jlai@bofifederalbank.com
Source: BofI Holding, Inc.
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