On December 8, 2020, Sierra Bancorp and its wholly-owned subsidiary, Bank of the Sierra, announced that James F. Gardunio, Executive Vice President and Chief Credit Officer, will retire effective January 31, 2021. He will be succeeded as Executive Vice President and Chief Credit Officer of the Company by Hugh F. Boyle, an experienced and talented bank financial executive with an extensive background in credit and risk management who will join the Company effective December 14, 2020. Mr. Boyle, currently 61 years old, holds both a Master of Science and Bachelor of Science degree from Pennsylvania State University. Most recently, Mr. Boyle was the Chief Risk Officer and Chief Credit Officer for Banc of California in Santa Ana, California, positions he held from 2013 to 2019.