Curriculum Vitae
Of
Fereshteh (Tay) Fried

 BACKGROUND 

Chief Operating Officer –  Western Golf, Inc.  (November 2002 to Present)
72-105 Corporate Way
Thousand Palms, California 92276

Responsible for all operations of this 50+ year old manufacturer and distributor of golf course and golf driving range equipment and supplies.

Executive Vice President and Chief Financial Officer –  Mission Oaks Nat'l Bank (2000 to 2002)
41530 Enterprise Circle South
Suite 100
Temecula, California  92590

Responsible for all pre- and post-opening operations of this De Novo commercial bank, including initial stock sale, hiring of personnel, creation and approval of operating policies and procedures, establishing data processing and correspondent banking relationships as well as forms and physical facilities.  Subsequent to opening responsibilities included preparation of all regulatory and Board of Directors financial reporting, review, revision and approval of all operational policies of the bank, establishment of all operating procedures, hiring and supervision of all operations personnel including check, statement and data processing personnel.  Responsible for all investment operations of bank encompassing short-term Federal Funds, Certificates of Deposit and Government Bond purchases.  Managed all internal accounting functions and interfaced with outside accountants on diverse matters to include incentive compensation, equipment leases, CRA and compliance issues.

 Executive Vice President and Chief Operating Officer –  First Community Bank  (1996 to 2000)
74-750 Highway 111
Indian Wells, California  92210

 Responsible for all operations of this seven-branch, $125 million commercial bank, including preparation of all regulatory and Board of Directors financial reporting, review, revision and approval of all operational policies of the bank, establishment of all operating procedures, hiring and supervision of all operations personnel including check, statement and data processing personnel.  Responsible for all investment operations of bank encompassing short-term Federal Funds, Certificates of Deposit and Government Bond purchases aggregating approximately $40 million.  During my tenure with First Community Bank, I have been responsible for the sale of one branch, relocation of one branch, the opening of two branches and one loan production office.  Managed all internal accounting functions and interfaced with outside accountants on diverse matters to include incentive compensation, equipment leases, CRA and compliance issues.  Successfully converted ATM service vendors and oversaw all Y2K related concerns.

Owner/Founder –  Capital Finance/Institutional Resources (1993 to 1996)
18653 Ventura Boulevard, Suite 344
Tarzana, California  91356-9937

Founded this Bank Consulting and Financial Institution Software Development and Sales Company in 1993.  The company acted as a consultant to banks in the area of operations management, staff training, internal accounting, regulatory reporting requirements, Board oversight systems and management reporting.  The company has developed and sells to lending institutions specialized loan accounting and collateral systems for use in SBA and construction type loans as well as specialized compliance software for OFAC and wire transfers.

Coast Bank – (1985 to 1993)
5354 East Second Street
Long Beach, California  90803

President and Chief Executive Officer - 1991 to 1993

 Responsible for all business operations of a three (3) branch, $130 million community bank, serving South Los Angeles County, Orange County and the Inland Empire.  Direct supervision of an administrative staff of six (6) and five (5) department managers, inclusive of Commercial Loans, Construction Loans, Accounts Receivable, Mortgage Services and Small Business Administration financing, with indirect supervision of a staff of 80.  Member of the Board of Directors and voting member of the following Directors Committees:  Loan, Human Resources, Marketing, and Investment.  Ex-officio member of Audit Committee.  Also held the position of President of Coast Participation Group, Inc., a wholly owned subsidiary of Coast Bank organized for the purpose of real estate investments.  Responsible for overseeing the various Correspondent Banking and Loan Participation Relationships.

 Executive Vice President/Senior Loan Administrator – (1988 to 1991)

Responsible for all credit related activities reporting to the President/Chief Executive Officer.  Loan portfolio grew from $68 million in September 1988 to $127 million as of July 1991.  During this period, the Small Business Administration Department was completely staffed and began operations.  As Senior Loan Administrator, I was responsible for Loan Policy and Procedure, internal audit functions, portfolio growth, etc.  During this period, I implemented a construction voucher disbursement system.  I also served on the holding company’s Task Force responsible for researching, interviewing, contracting out and converting to a new data processing firm for the entire holding company.

 Executive Vice President/Chief Financial Officer – (1985 to 1988)

Initially hired as Vice President and Cashier.  Responsible for all internal operations of this then four (4) branch, $85 million financial institution.  Direct supervision of the Cashier’s staff of six (6) and indirect supervision of 72 branch personnel.  In January, 19896, was promoted to Senior Vice President and again in June 1987 to Executive Vice President.  Member of Human Resources, Asset and Liability Management, Investment, Audit, and Strategic Planning Committees.  During this period, I successfully reduced Cashier’s and Operations staff, while the bank grew in assets.  Responsible for exemplary examinations partially resulting in upgrading the bank’s CAMEL rating.  Installed local area network, linking bank’s offices on in house computer network.

Prior Banking Experience – (1968 to 1985)

Prior banking experience at all levels of banking operations with Inland National Bank, Pacific National Bank and Orange National Bank.

EDUCATION ‑ Long Beach State University, BA, 1968, Major: Economics and Business Administration;