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Profile of Stephen Gordon
 

Stephen Gordon

 
Chmn., CEO - Fremont General Corp.
 
Stephen Gordon Email :
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Company Name : Fremont General Corp.
 
Company Website : www.fremontgeneral.com
 
Company Address : 2425 Olympic Blvd.
3rd Fl., Santa Monica, CA,
United States,
 
Stephen Gordon Profile :
Chmn., CEO - Fremont General Corp.
 
Stephen Gordon Biography :

Stephen H. Gordon serves as Chairman and Chief Executive Officer of Fremont General Corporation, a financial services holding company and Fremont Investment & Loan, its wholly-owned bank subsidiary.

Stephen Gordon is former investment banker and successful banking executive with over twenty years of financial services experience. Stephen Gordon was a Co-Founder, Chairman and Chief Executive Officer of Commercial Capital Bancorp, Inc. (CCBI), and its subsidiary companies, Commercial Capital Bank (CCB), a federally chartered savings bank headquartered in Irvine, CA, Commercial Capital Mortgage (CCM), a commercial mortgage banking company, and Comcap Financial Services (CFS), a registered broker dealer. Stephen Gordon also served as Chief Executive Officer of TIMCOR Exchange Corporation, North American Exchange Company and Lawyers Asset Management Inc., each qualified intermediaries or Section 1031 companies that facilitate tax deferred real estate exchanges and were subsidiary companies of CCBI.

CCBI was acquired by Washington Mutual, Inc. in an all-cash transaction, valued at approximately $1 billion in October 2006. Prior thereto, Stephen Gordon led CCBI through (i) its first acquisition in 2000 (Mission Savings & Loan, which became CCB), (ii) its initial public offering in December 2002 that resulted in a market capitalization of $125 million and (iii) the all stock acquisitions of Hawthorne Financial in June 2004, valued at approximately $472 million, as well as Calnet Business Bank in 2006, valued at approximately $41 million. Additionally, Stephen Gordon initiated and led CCBI through acquisitions of the three Section 1031 companies referenced above during 2005 and 2006.

At the time of its initial public offering in December 2002, CCBI had three banking offices and approximately $849 million in total assets, $312 million of total deposits (including $187 million of transaction accounts), and a market capitalization of approximately $125 million. By 2006, CCBI was the 5th largest California based thrift and 22nd nationwide. CCBI was the second largest multifamily lender in California and operated out of 24 banking and 11 lending offices. By 2006, CCBI’s assets had been increased to over $5.7 billion, representing a 73% compound annual growth rate (CAGR), while deposit balances increased to approximately $2.4 billion (including $1.1 billion in transaction accounts), representing a 79% CAGR. CCBI’s market value increased to nearly $1.0 billion, at the close of the sale to Washington Mutual, Inc., representing a 79% CAGR. During the period December 2002 through 2006, CCBI operated at an average efficiency ratio of 36%.

Prior to founding the CCBI companies, from July 1995 to December 1996, Stephen Gordon was the sole stockholder, director and President of Gen Fin, Inc., the general partner of Genesis Financial Partners, LP, a hedge fund that invested exclusively in underperforming middle market financial institutions. From October 1988 to July 1995, Stephen Gordon was an investment banker at Sandler O’Neill & Partners, L.P., a New York based investment banking firm, and was a partner from January 1992. At Sandler O’Neill, Stephen Gordon specialized in advising management and directors of underperforming, undercapitalized and troubled financial institutions on such issues as strategic planning, capital and liquidity management, balance sheet management and restructuring, asset/liability management, and the enhancement of shareholder value. Stephen Gordon successfully executed billions of dollars in capital market transactions, including structuring some of the largest negotiated residential loan securitizations completed through FNMA and FHLMC for troubled financial institution located in the northeast.

Stephen Gordon is involved in various charitable and community organizations, and serves as a board member of the Orangewood Children’s Foundation and the Philharmonic Society of Orange County, and is a founding board member of UC Irvine’s Paul Merage School of Business-Center for Real Estate. Stephen Gordon also served as Chief Executive Officer of the Commercial Capital Bank Community Foundation until its dissolution in 2006.

 
Stephen Gordon Colleagues :
Name Title Email

Robert Lewis

Board Dir. Please login

David Depillo

Vice Chmn., Pres. Please login

Richard Sanchez

Dir., Exec. VP, Chief Administrative Officer Please login

John Loring

Independent Non - Exec. Board Dir. Please login

Barney Northcote

Independent Non - Exec. Board Dir. Please login


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