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ESOP HISTORY AND RESEARCH

GreatBanc Trust Company has established a national reputation as the most credible and highly skilled, independent trustee specializing in employee stock ownership plan (ESOP) fiduciary oversight. Representing plan participants and beneficiaries, they provide technically superior fiduciary services for qualified plans of companies facing an ownership transition, as well as for companies with ongoing ESOP needs.

Their team of seasoned professionals offers extensive and diverse experience in ESOP analysis and compliance and is the largest and most respected in the nation. Their experience ensures that the complexity and potential conflict of interest inherent in any transaction involving employer securities will be handled in a manner that is objective, thoroughly documented and compliant with a fiduciary’s standard of prudence and care. Their process is designed to meet expectations by both the United States Department of Labor and the Internal Revenue Service.

The breadth of their fiduciary experience extends to purchases and sales of stock held in leveraged and non-leveraged ESOPs, corporate restructurings, Section 1042 transactions, plan terminations, and ongoing trustee, investment management, and custodial services for all types of qualified plans that hold employer securities.

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GreatBanc Trust Company

Vaughn Gordy, SVP

Mr. Gordy joined GreatBanc Trust Company in 2005. Before joining GreatBanc Trust, he led the Employee Stock Ownership Plan (ESOP) Trustee Services practice for ten years at LaSalle Bank N.A. During his career, Mr. Gordy also served as Controller
and Chief Financial Officer for several companies, as well as Chief Operating Officer for a manufacturer.

Mr. Gordy's extensive experience encompasses the design and administration of ESOP transactions for both closely held and publicly traded corporations. He regularly
speaks at ESOP conferences, and is a co-author of industry articles and publications. Mr. Gordy is an active member of Employee-Owned S-Corps of America (ESCA) where he has served on the Advisory Board since the organization was founded. He is also an active member of the ESOP Association, the National Center for Employee Ownership and the National Association for Corporate Directors.

Mr. Gordy received a bachelor of science degree in accounting from Pennsylvania State University and a master of business administration degree from the J.L. Kellogg Graduate School of Management at Northwestern University. Mr. Gordy served five years with the U. S. Air Force as a C-130 pilot including two years in Vietnam where he was awarded the Distinguished Flying Cross. He currently serves as Senior Vice President at GreatBanc Trust where he leads the Qualified Retirement Plan Services group.
Lasalle

Vaughn Gordy
ESOP Association
NCEO Kelso