Mr. Bhavsar is the Chairman of the Board of Currency Exchange International, Corp. and President of JMS Holdings, LLC. Previously, Mr. Bhavsar was Executive Vice President of Valley National Bank, Executive Vice President and Chief Financial Officer of CNLBank, Valley National Bank’s predecessor, a role he held since March 2002. Mr. Bhavsar was the Executive Vice President, Chief Operating Officer and Chief Financial Officer of Florida Choice Bank from April 1999 until March 2002, and Senior Audit Manager of Hacker Johnson Cohen and Grieb, a specialized Accounting and Auditing firm for state and regional banks, from 1992 to 1999. Mr. Bhavsar is also a director of Currency Exchange International Corp. (“CXI”), EBC’s parent company.

Mr. Bhavsar received his Bachelor of Science in Accounting from the University of Florida in 1990 and received his Master’s degree in Accounting from the University of Florida in 1991. He graduated from Banking School at the University of Virginia in 1993.