The principal occupation or business and experience of the members of the Board of Directors of the Bank are set forth below. Don Driscoll, Justin Dye and William Rawlings were appointed to the Board of Directors in December 2010, and were elected as directors at the annual shareholders meeting in April 2011, subject to regulatory approval. The Bank has received approval from the Idaho Department of Finance and is awaiting approval from the FDIC.
Mark Miller, Chairman of the Board, is Managing Member and CEO of Miller Family Holdings, LLC, a private equity investment firm based in Portland, Oregon, with ownership in real estate, start-up and long term operating companies. He is also CEO and Managing Member of Signature Northwest LLC, an operating grocery chain with stores in the Portland area market. Mr. Miller served previously as the Senior Vice President of Natural Beverage for Columbia Distributing, the region’s largest distributor of beer, wine, and natural beverages with annual sales exceeding $500 million. Before joining Columbia, he served as a partner with Team Northwest, a large independent food broker, and as President and owner of Signature Sales, which was acquired by Team Northwest. Mr. Miller is a member of the Board of Metropolitan Family Service, Portland State University Foundation, Pepperdine University Graziadio School of Business and Management, The Portland Art Museum and the Young Presidents’ Organization. Mr. Miller received his MBA from Graziadio School of Business and Management of Pepperdine University in 2004.
James Fletcher, Vice Chair and Chairman of the Audit Committee, is the former Senior Vice President of Univar Corporation, the world’s largest industrial chemical distributor that supplies products and distribution services to all major industrial markets. Mr. Fletcher oversaw worldwide business development and served on the board of Univar Europe. He led the acquisition team that built its European business to over $1 billion in sales volume, expanded the Canadian and United States businesses and opened the Mexican market. He also served for the past six years as Chairman of the Board of Vacation Internationale, which owns and operates 28 vacation resorts in the United States, Canada and Mexico. Mr. Fletcher is currently a significant investor in various real estate construction projects in Seattle, Boise, Yakima, Evansville, Indiana and LaPaz, Baja, Mexico. Mr. Fletcher graduated from the University of Washington in Seattle in 1965 with a Bachelor of Arts in Economics and in 1971 with a Doctor of Jurisprudence. Mr. Fletcher is a former senior partner in K&L Gates, now one of the largest law firms in the country, where he headed the real estate practice, and was involved in taking both Microsoft and Starbucks public. Mr. Fletcher and his wife divide their time between Sun Valley, Seattle and LaPaz, Mexico.
Andy Scoggin Mr. Scoggin began his career as an attorney with a Bay Area law firm and joined the Albertsons grocery chain as a member of management in 1993. He currently serves as the Executive President of Human Resources, Labor Relations, Public Relations and Governmental Affairs for Albertsons LLC.
Dan Krahn, is President and part owner of Krahn’s Home Furnishings, the largest furniture store in McCall, Idaho. Mr. Krahn is active in local community and charitable activities and currently serves as Chairman of the Board of Trustees for McCall Memorial Hospital, a part of St. Luke’s Health System. He graduated in 1978 from the University of Idaho in Moscow, Idaho with a Bachelor of Science in Business Management. Mr. Krahn has been a resident of McCall for over 30 years.
Larry LaRocco, is principal in LaRocco & Associates, Inc., a public affairs and government relations consulting firm in Boise and Washington, D.C. Mr. LaRocco served two terms in the U.S. House of Representatives from Idaho’s 1st District. While in Congress, he sat on the House Banking and Natural Resources Committees. After his service in Congress he was managing director of the ABA Securities Association and the ABA Insurance Association, affiliates of the American Bankers Association (ABA). He is the former President of Fleishman-Hillard Government Relations in Washington, D.C. and served as the President of the United States Association of Former Members of Congress. Prior to serving in Congress, he was a Vice President with Piper Jaffray, Inc. and Shearson Lehman Hutton.
Greg Lovell, has been Chief Executive Officer of Idaho First Bank since its organization in 2005. Mr. Lovell has an extensive banking and bank consulting background. He is the former Chairman, Chief Executive Officer, and President of First Bank of Idaho, FSB of Ketchum, Idaho. Mr. Lovell guided that bank from its inception to its becoming the dominant bank in the Sun Valley area with a 37% market share. Prior to starting First Bank of Idaho, Mr. Lovell was Senior Vice President of Bank of America, N.A. He was in charge of all commercial and private banking activities of their Idaho bank subsidiary. Mr. Lovell began his banking career with Idaho First National Bank with various lending positions including Vice President, Corporate Banking, where he handled large corporate loans. He worked to establish a Ketchum loan production office (subsequently converted to a branch) for Idaho Independent Bank of Coeur d’Alene, Idaho and as a bank consultant with FiCap Strategic Partners of Denver, Colorado. In this capacity, he served as Chief Credit Officer of a bank that had engaged FiCap to provide management as a result of regulatory action. He also provided other credit review process for various banks. Mr. Lovell graduated from Brigham Young University of Provo, Utah in 1981 with a Bachelor of Science in Agricultural Economics. He obtained a Masters Degree equivalent from Pacific Coast Banking School in Seattle, Washington in 1995.
William Rawlings, is the former Chief Financial Officer for Agri Beef Co. in Boise, Idaho. He was a founding shareholder in the Company retiring after 30 years of service. He continues to serve the Company as director and as a member of the Finance Committee. Mr. Rawlings is also an active participant in various partnership interests in the Treasure Valley. He has served previously on various boards including: MWI Veterinary Supply Co., General Fire & Casualty Co., and Crane Creek Country Club. Mr. Rawlings received his BS degree from the University of Utah School of Business and is a CPA (retired).