Mr. Smith is the former Chairman of the Board and CEO of Security Pacific Bank, which was the fifth-largest bank holding company when acquired by Bank of America in 1992. Upon completion of that transaction, Mr. Smith was named President and COO of Bank of America and a member of its Board of Directors. Most recently, Mr. Smith has served as a Partner of a Southern California investment and consulting firm. He currently serves on the Boards of Trustees of both the University of Southern California and Santa Clara University. He is also a member of the Executive Committee of the University of Southern California. Since 1987, Mr. Smith has served as a member of the Board of Directors of Edison International (NYSE), as well as its Lead Director. Mr. Smith is an Organizing and Founding Director of the Commerce National Bank and is the Chairman of the Board of Blue Healthcare Bank. He has also served on the boards of Pinkerton, Inc. and Oasis Residential, Inc., both NYSE-listed companies, as well as on the Board of Governors of the Pacific Stock Exchange. He has also served as a member of the Market Oversight Committee of the U.S. Securities Exchange Commission, as a member of the board of the World Affairs Council, and as a Member of the Board of Directors of the California State Teachers’ Retirement System (CalSTRS).