Risk Management Manual of Examination Policies - FDIC

IV. GENERAL CHARACTER OF THE MANAGEMENT (Continued)
NAME AND ADDRESS
AGE RELATIONSHIP WITH BANK
Gray, Frank
38 Director Officer 10% Shareholder
Morlich Lodge
Anytown, Anystate
LIABILITIES NET WORTH SHARES OF
STOCK
ANNUAL
SALARY
325,000 314,000 225,000 55,000
TITLE
Proposed Director and Chief Technology Officer
OTHER BUSINESS AFFILIATIONS OR PROFESSIONS
Information Technology Professional & Software Designer. Also serves as an Officer of Holding Company-1, London, England.
Mr. Gray was born in Shropshire, England and holds British citizenship and residency. He is a graduate of Loughborough University,
United Kingdom (UK) and received a degree in Mathematics and Engineering.
From 1995 up to his involvement in the proporsal (March 2000), Mr. Gray served as the Head of Front Office Technology/Europe for
InternationalBank in London. In this role, he coordinated and led the Year 2000 project as well as, the Euro currency conversion. His
primary responsibility, while at the institution was the development and implementation of front office trading systems for financial
derivatives and fixed income securitites. Prior to this, Mr. Gray worked for nine years on numerous IT and software design projects
including remote sensing technology (satalite systems) for end users such as the European Space Agency and Defense Research
Agency in the UK.
Interview Comments
Mr. Gray stated his primary emphasis thus far has been on writing the Applicant's technology plan and designing and implementing
the technology infrastucture. Mr. Gray stated he has extensive software design and project management experience and successfully
recruited other highly talented designers from his previous employer, InternationalBank. He feels the current proposal offers a more
viable business model, given its previous success with RSB. He also added that the Board has been strentghened considerably by the
additions of former commercial bankers, Messrs. Hamm and Lamar.
Financial Information and Stock Ownership
As of June 2001, Mr. Gray’ reported net worth, was primarily centered in his personal residence, with an assigned value of $547M.
Liabilities of $325M consist of a mortgage payable on his residence in the UK. Mr. Gray’ investment in the proposal of $9,900 was
purchased with personal savings.
FDIC 6510/10 (02-2002) 27