ABA Banking Journal - September/October 2017 - 12

UPFRONT

CRE Q&A:
Jason Pendergist
BY MOLLY O'CONNELL

It wasn't long after receiving an MBA in Finance and Entrepreneurship
from the University of Colorado Boulder that Jason Pendergist found
his way into banking. After more than a decade of service at two of
the country's largest banks, Pendergist joined Luther Burbank Savings
in Santa Rosa, Calif., where he is currently president of consumer and
commercial banking.
Since the fall of 2015, Pendergist has served as the inaugural
chairman of ABA's Commercial Real Estate Lending Committee. As his
tenure as chairman comes to an end this fall, Pendergist reflects on
his experience and offers insights on the future of the commercial real
estate industry.

Q:

From your perspective, what was the
impetus for starting the Commercial
Real Estate Lending Committee?
A: Upon arriving at Luther Burbank Savings, the first thing I realized
was that I no longer had the support of a $2.4 trillion bank and all
the resources that come with that. At Luther, at the time, we had
some regulatory challenges that we were working through and we
didn't have the internal resources to address the questions that were
being posed to us by the OCC. My initial calls were to ABA to try to
find people that could help provide answers.
I think it was those conversations that I had that ultimately
demonstrated that there was a need to put together a committee
of likeminded commercial real estate professionals. We were all
struggling with a similar series of questions and we needed to
find a peer group within which to collaborate to try to collectively
find solutions.

motivated you to step into the
Q:What
role of chairman?

A: I think that community service in any of the forms in which
it presents itself is an obligation that we all have as citizens, as
leaders within our respective institutions, and leaders within our
respective communities. I believe, when asked, we're called to serve.
There was no question or hesitation on my part when I was asked to
fill the role of chairman. It was a humbling opportunity.

12

ABA BANKING JOURNAL | SEPTEMBER/OCTOBER 2017

How has your participation on the
Q:
committee impacted your work at
Luther Burbank Savings?
A: Without question, the ideas that are gathered-both from
establishing peer group best practices and from our work on the
issues in the commercial real estate space, [such as] high-volatility
CRE, CECL or the economic environment within our markets-all of
those pieces turn into actionable takeaways that I bring to the job
on a daily, weekly, monthly basis.
I would largely attribute our bank's ability to successfully navigate
through the challenging regulatory environment, as well as our
successful conversion to a state chartered bank, to the learning that
we were able to take from the CRE Lending Committee and bring
back to our bank and our board.

Where do you see the commercial real
Q:
estate banking industry going over the
next few years?
A: Everyone has a quest for asset growth and one of the quickest
ways to fill that goal is through commercial real estate, given the
size of the deals and the relative ease with which an account can
be brought on board. We have seen a tremendous amount of growth
and a tremendous amount of capital that has poured into the
commercial space. I expect that trend is going to continue despite
some of the headwinds that we face from a regulatory standpoint.
It's still a great business, it's still a growing business, and it's
something that is going to become more and more important to
more and more of our community and regional bank partners.
MOLLY O'CONNELL is a policy research associate at ABA.



Table of Contents for the Digital Edition of ABA Banking Journal - September/October 2017

CHAIRMAN’S VIEW
UPFRONT
PICTURE THIS
LEGAL BRIEFS
POWER UP PROFILE
THE TOP FINTECH TRENDS DRIVING THE NEXT DECADE
PLUG AND PLAY: FOUR WAYS TO LEVEL UP YOUR MOBILE BANKING APP
MAKING FRIENDS WITH FINTECH
LOOKING AT FINTECH THROUGH THE LEGISLATIVE LENS
LET’S TALK PAYMENTS
IS OUTSOURCING IT SECURITY RIGHT FOR YOUR BANK?
THE CECL RIPPLE EFFECT
FROM YOUNG AMERICANS TO ENTREPRENEURIAL CITIZENS
FINDING THE PERFECT NICHE
THREE ELEMENTS OF BANK LEADERSHIP
REAL ESTATE LENDING
ABA COMPLIANCE CENTER INBOX
WEALTH MANAGEMENT
FROM THE STATES
CORPORATE SOCIAL RESPONSIBILITY
INDEX OF ADVERTISERS
FROM THE VAULT
ABA Banking Journal - September/October 2017 - Intro
ABA Banking Journal - September/October 2017 - bellyband1
ABA Banking Journal - September/October 2017 - bellyband2
ABA Banking Journal - September/October 2017 - cover1
ABA Banking Journal - September/October 2017 - cover2
ABA Banking Journal - September/October 2017 - 3
ABA Banking Journal - September/October 2017 - 4
ABA Banking Journal - September/October 2017 - 5
ABA Banking Journal - September/October 2017 - 6
ABA Banking Journal - September/October 2017 - 7
ABA Banking Journal - September/October 2017 - CHAIRMAN’S VIEW
ABA Banking Journal - September/October 2017 - 9
ABA Banking Journal - September/October 2017 - 10
ABA Banking Journal - September/October 2017 - UPFRONT
ABA Banking Journal - September/October 2017 - 12
ABA Banking Journal - September/October 2017 - 13
ABA Banking Journal - September/October 2017 - 14
ABA Banking Journal - September/October 2017 - 15
ABA Banking Journal - September/October 2017 - PICTURE THIS
ABA Banking Journal - September/October 2017 - 17
ABA Banking Journal - September/October 2017 - LEGAL BRIEFS
ABA Banking Journal - September/October 2017 - 19
ABA Banking Journal - September/October 2017 - POWER UP PROFILE
ABA Banking Journal - September/October 2017 - 21
ABA Banking Journal - September/October 2017 - THE TOP FINTECH TRENDS DRIVING THE NEXT DECADE
ABA Banking Journal - September/October 2017 - 23
ABA Banking Journal - September/October 2017 - 24
ABA Banking Journal - September/October 2017 - 25
ABA Banking Journal - September/October 2017 - 26
ABA Banking Journal - September/October 2017 - 27
ABA Banking Journal - September/October 2017 - PLUG AND PLAY: FOUR WAYS TO LEVEL UP YOUR MOBILE BANKING APP
ABA Banking Journal - September/October 2017 - 29
ABA Banking Journal - September/October 2017 - 30
ABA Banking Journal - September/October 2017 - 31
ABA Banking Journal - September/October 2017 - MAKING FRIENDS WITH FINTECH
ABA Banking Journal - September/October 2017 - 33
ABA Banking Journal - September/October 2017 - LOOKING AT FINTECH THROUGH THE LEGISLATIVE LENS
ABA Banking Journal - September/October 2017 - 35
ABA Banking Journal - September/October 2017 - LET’S TALK PAYMENTS
ABA Banking Journal - September/October 2017 - 37
ABA Banking Journal - September/October 2017 - 38
ABA Banking Journal - September/October 2017 - IS OUTSOURCING IT SECURITY RIGHT FOR YOUR BANK?
ABA Banking Journal - September/October 2017 - THE CECL RIPPLE EFFECT
ABA Banking Journal - September/October 2017 - 41
ABA Banking Journal - September/October 2017 - 42
ABA Banking Journal - September/October 2017 - FROM YOUNG AMERICANS TO ENTREPRENEURIAL CITIZENS
ABA Banking Journal - September/October 2017 - 44
ABA Banking Journal - September/October 2017 - 45
ABA Banking Journal - September/October 2017 - 46
ABA Banking Journal - September/October 2017 - FINDING THE PERFECT NICHE
ABA Banking Journal - September/October 2017 - 48
ABA Banking Journal - September/October 2017 - 49
ABA Banking Journal - September/October 2017 - 50
ABA Banking Journal - September/October 2017 - THREE ELEMENTS OF BANK LEADERSHIP
ABA Banking Journal - September/October 2017 - 52
ABA Banking Journal - September/October 2017 - 53
ABA Banking Journal - September/October 2017 - REAL ESTATE LENDING
ABA Banking Journal - September/October 2017 - 55
ABA Banking Journal - September/October 2017 - 56
ABA Banking Journal - September/October 2017 - 57
ABA Banking Journal - September/October 2017 - 58
ABA Banking Journal - September/October 2017 - 59
ABA Banking Journal - September/October 2017 - ABA COMPLIANCE CENTER INBOX
ABA Banking Journal - September/October 2017 - 61
ABA Banking Journal - September/October 2017 - WEALTH MANAGEMENT
ABA Banking Journal - September/October 2017 - FROM THE STATES
ABA Banking Journal - September/October 2017 - CORPORATE SOCIAL RESPONSIBILITY
ABA Banking Journal - September/October 2017 - INDEX OF ADVERTISERS
ABA Banking Journal - September/October 2017 - FROM THE VAULT
ABA Banking Journal - September/October 2017 - cover3
ABA Banking Journal - September/October 2017 - cover4
ABA Banking Journal - September/October 2017 - outsert1
ABA Banking Journal - September/October 2017 - outsert2
ABA Banking Journal - September/October 2017 - outsert3
ABA Banking Journal - September/October 2017 - outsert4
ABA Banking Journal - September/October 2017 - outsert5
ABA Banking Journal - September/October 2017 - outsert6
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