Felix Miranda
About Felix Miranda
Felix Miranda, age 52, joined United Business Bank (BayCom Corp’s banking subsidiary) in January 2025 and was appointed Executive Vice President, Chief Lending Officer in March 2025. He brings 30 years of commercial and middle market lending experience, previously serving as EVP, Head of Commercial Banking at Bank of San Francisco (2016–2025), with prior leadership roles at Wells Fargo, First Republic Bank, Charles Schwab, and IBM Global Finance. He holds a B.S. in Business Administration from California State University, Hayward and an MBA in International Business from St. Mary’s College. For performance context, BayCom reported cumulative total shareholder return of $143.52 in 2024 and net income of $23.6 million in 2024 (with 2023 net income of $27.4 million), reflecting the firm’s earnings and shareholder outcomes as he began his tenure .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Bank of San Francisco | EVP, Head of Commercial Banking | 2016–2025 | Responsible for growing C&I business across nine Bay Area counties |
| Wells Fargo | Leadership roles in commercial banking | Various | Commercial and middle market lending responsibilities |
| First Republic Bank | Leadership roles in commercial banking | Various | Commercial and middle market lending responsibilities |
| Charles Schwab | Leadership roles | Various | Commercial banking exposure |
| IBM Global Finance | Leadership roles | Various | Finance and lending exposure |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| One Treasure Island | Board of Directors | As of 2025 | Community-focused board service |
| Grateful Gatherings | Supporter | As of 2025 | Community/non-profit support |
| Habitat for Humanity | Supporter | As of 2025 | Community/non-profit support |
Equity Ownership & Alignment
| Filing | Date of Event | Officer Title | Beneficial Ownership Status |
|---|---|---|---|
| Form 3 (Initial Statement of Beneficial Ownership) | 03/18/2025 | Chief Lending Officer | No securities beneficially owned |
| Insider Policy Prohibitions | Status |
|---|---|
| Holding company stock in margin accounts | Prohibited |
| Pledging company stock as collateral | Prohibited |
| Hedging transactions (e.g., collars, swaps, forwards, exchange funds) | Prohibited |
Implication: With no reported holdings at appointment, near-term insider selling pressure from Miranda is negligible. Company-level policies significantly limit misalignment risks from pledging and hedging .
Employment Terms
| Item | Detail |
|---|---|
| Employment start | Joined January 2025; appointed EVP, Chief Lending Officer March 2025 |
| Education | B.S. CSU Hayward; MBA St. Mary’s College |
| Role scope | Chief Lending Officer overseeing commercial lending |
Note: The latest proxy details employment agreements and compensation mechanics for certain named executive officers; specific compensation terms (salary, bonus targets, equity awards) for Miranda were not disclosed in those filings .
Company Performance Context (for pay-for-performance background)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Total Shareholder Return (Value of $100 Investment) | $103.30 | $126.40 | $143.52 |
| Net Income ($USD Thousands) | $23,730 | $27,425 | $23,614 |
Say‑on‑Pay & Shareholder Feedback
| Proposal | For | Against | Abstain | Broker Non‑Vote |
|---|---|---|---|---|
| Advisory (non-binding) vote on executive compensation (2025 AGM) | 6,268,041 | 233,606 | 69,807 | 623,759 |
Investment Implications
- Retention and alignment: As a new EVP/CLO with no reported beneficial ownership at appointment, Miranda’s alignment will be shaped by future equity grants or open-market purchases; monitor Section 16 Forms 4 and compensation disclosures for evolving incentives and vesting schedules . Company policy eliminates pledging/hedging risks, which supports alignment once holdings are established .
- Compensation structure: BayCom’s Annual Bonus Plan centers on objectives such as earnings, loan/deposit growth, credit quality, operating efficiency, strategic initiatives, compliance/risk management; these are the levers likely tied to senior managers’ pay outcomes, and directly connected to a CLO’s execution footprint . Watch for future proxies or 8‑K Item 5.02 filings to quantify Miranda’s targets, weightings, and realized payouts.
- Execution indicators: Miranda’s prior track record scaling C&I lending is a potential driver for BayCom’s loan growth and NIM mix; near-term signals will come from portfolio growth, credit quality metrics, and risk‑adjusted returns disclosed in earnings and 10‑Qs, alongside any incentive attainment disclosures .
- Trading signals: Absence of initial holdings reduces sell‑pressure risk from mandatory 10b5‑1 or discretionary sales in the near term. Future RSU grants with multi‑year vesting would create periodic vesting overhangs; watch grant dates and vesting schedules once disclosed. Robust say‑on‑pay support at the 2025 AGM suggests investor acceptance of compensation governance, lowering headline risk around pay controversies .