Javier Ubarri

Javier Ubarri currently serves as the President of The Federal Savings Bank. He started working with the current ownership group in late 2010 in connection with its efforts to acquire control of what was then Generations Bank, a transaction that was consummated on April 4, 2011. In only its fourth month of operation under new ownership and a new business plan, Mr. Ubarri guided the Bank to its first month of profitable results in well over a year. In implementing its new business plan, the Bank is quickly building a pipeline of residential mortgage loans for sale in the secondary market.

Prior to his involvement with The Federal Savings Bank, Mr. Ubarri held a number of leadership positions at Banco Popular North America- a 116 year old super community bank. His last position was as Head of Commercial Banking. In that role, he led all of the Bank's national commercial lines of business which included Popular Small Business Capital (SBA Group), Popular Equipment Finance (small ticket leasing company), Money Servicing Division (banking currency exchanges), Popular Association Banking (banking condominium associations in NY, FL and CA), McDonald's Lending, Equity One Mixed Use Group and Popular Warehouse Lending. Total assets for the group were approximately $2 Billion and included 300 employees nationwide.

While at Banco Popular, Mr. Ubarri was the Regional President for the TL Region and was responsible for all of the retail and commercial lending in the region as well as a branch network that include 20 locations with $1.8 Billion in loans and deposits. He was also the Regional President for the TX Region which grew under his leadership from a single location with $40 Million in assets to one with 6 locations with $320 Million in assets in only four years.

Mr. Ubarri joined Banco Popular as part of the team that managed its expansion initiative in the United States. As part of the due diligence and integration team, he participated in eight acquisitions throughout the US until his move to Texas. Mr. Ubarri obtained his BBA from the University of Massachusetts at Amherst and his MBA from the University of Chicago. Earlier in his career, he worked for Price Waterhouse and passed the Certified Public Accountant examination.