BELVEDERE CAPITAL

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Acting as “owner trustee”, Mr. Frank negotiated the sale of the $2 billion Lincoln Savings Bank of New York to Anchor Savings Bank in 1994. Mr. Frank was founding Chairman of the $1.6 billion Independent Bancorp of Arizona (Caliber Bank) in 1993, which was formed by the acquisition of the 49 branches divested as a result of the BankAmerica/Security Pacific merger; and sold to Norwest Bank. During his tenure as Chairman of First Nationwide Bank and the primary architect of its success story from 1971 to 1987, more than a dozen financial institutions were acquired. In the same time frame at First Nationwide, assets increased from $450 million to $17.5 billion, and the bank was sold to Ford Motor Co. When Mr. Frank left for government service, to serve as Postmaster General of the United States from 1988 to 1992, First Nationwide Bank was the only A-rated thrift in the United States. He has served as the Chairman of the Federal Home Loan Bank of San Francisco, Chairman of the California Housing Finance Agency and was the first Chairman of the Federal Home Loan Mortgage Corporation Advisory Board.

Mr. Frank obtained a BA from Dartmouth College and an MBA from the Tuck School of Business at Dartmouth. He was an Overseer of the Tuck School from 1988 to 1997.