Karen R. Saunders is a retired audit partner of KPMG LLP where she most recently served as the lead banking partner for KPMG's banking practice in Los Angeles, California from 2018 until 2024. Ms. Saunders is a Certified Public Accountant in the State of Washington and recently retired her license in the State of California. She holds a Bachelor of Arts degree in Business from the University of Washington's Foster School of Business. Ms. Saunders currently serves as an Ambassador Board Member for Big Brothers and Big Sisters of Puget Sound. She formerly served as a member of the board of directors Washington State Accountancy Board, the KPMG Partnership Audit Committee and Board Nomination Committee, and advisory director of the U.S.A. Bobsled and Skeleton. Committees: Audit and Finance Risk and Technology Qualifications: Ms. Saunders' extensive financial background, leadership skills, and depth of public company and banking industry knowledge provide the Board with valuable expertise. Ms. Saunders is Heritage's designated financial expert.