Fred Jensen has been extensively involved in the banking industry for over 40 years. He is a director, since 1978, of Advantage Certified Development Company in Long Beach, California. During his career, Mr. Jensen was the President of five banks: American City Bank (1977-1979); National Bank of Long Beach (1979-1992); Queen City Bank (1994-1995), which was acquired by First Bank of St. Louis in 1995; First Bank & Trust (1995-2001) and Security Pacific Bank – LA (2001-2007); and, most recently, he served as a Director and Audit Committee Chairman for California Bankers Pacific Trust Bank (2012-2013), previously Beach Business Bank (2005-2011). Beginning in 1989, Mr. Jensen served as a Director of the Federal Reserve Bank, San Francisco, for two terms (1989-1994). Mr. Jensen has served his community as a member of the Finance Committee of Long Beach Memorial Medical and MMC Foundation since 1984, where he also is a former board member; and he is an Elder and the Director of Finance for Cornerstone Church, Long Beach. Mr. Jensen previously served on the board of the Aquarium of the Pacific; and is a Director Emeritus of the Boys and Girls Clubs of Long Beach and has served as a member of the Advisory Board of the California State University Long Beach, School of Business Administration. Mr. Jensen is a graduate of the University of Washington, Pacific Coast School of Banking.