Board of Directors

William L. Campbell: Chairman

Campbell is one of VICOR Inc.'s founders and has been a director of the company since its inception in 1989. He is currently a director and Executive Vice President of Avistar Communications Corporation. He also holds the position of Corporate Secretary for Avistar. Campbell has been Chairman, President and Chief Executive Officer of Collaboration Properties, Inc. since 1998. He holds a B.S. in general engineering from the U.S. Military Academy and an M.S. in management from the Sloan School of the Massachusetts Institute of Technology.

Larry McNabb: Vice Chairman

McNabb served as CEO of VICOR from November 2000 through December of 2003. He joined VICOR in 1998 as President of VICOR Financial Services. Prior to joining VICOR, McNabb was a Group Executive Vice President at Bank of America. In eleven years with the Bank of America, he managed a variety of key functions. His last assignment was Group Executive Vice President in charge of the Bank's Global Payments and Cash Management business. He has been involved in numerous civic and professional organizations and has been a frequent speaker at conventions and conferences on payments, operations, retail banking and corporate banking issues. McNabb holds a BS in Math from the Tennessee Technology University and is a graduate of the Louisiana State University school of banking.

Gerald J. Burnett: Board Member

Burnett is one of VICOR, Inc.'s founders and has been a director of the company since its inception in 1989. He is currently Chairman and CEO of Avistar Communications Corporation and a director of Collaboration Properties, Inc. Burnett has held directorships for over a decade at Avistar, VICOR, Inc., and Western Data Systems. In addition to possessing a B.S. and an M.S. from the Massachusetts Institute of Technology in electrical engineering and computer science, he is a member of MIT's Corporation (Board of Trustees). Burnett also holds a Ph.D. from Princeton University in computer science and communications.

R. Stephen Heinrichs: Board Member

Heinrichs is a founder of VICOR, Inc. and has been a director of the company since its inception in 1989. Until his retirement in May 2001, Heinrichs was Chief Financial Officer and Secretary of Avistar Communications Corporation and its subsidiaries. Currently he is a strategic advisor to Avistar, as well as a director of the Board. From 1976 through 1989 he was Chief Financial Officer at Teknekron and Chairman and Chief Executive Officer of several Teknekron companies. He has been Chairman of Western Data Systems of Nevada, Inc. since 1990. From 1969 through 1974 he was an accountant with Arthur Andersen LLP. Heinrichs holds a B.S. in Accounting from California State University in Fresno. He is a Certified Public Accountant.

Robert F. Kirk: Board Member/President and CEO

Kirk has nearly 25 years of direct experience in financial services and Cash Management. Prior to joining VICOR in 1999, Kirk was President of Enterprise Consulting, Inc. His engagements included consulting in both the operational and strategic marketing aspects of the banking industry. Previously, he held the position of Vice President of Marketing with BancTec Systems, Inc., working in their Dallas headquarters. He joined BancTec in 1989 as Director of Product Marketing for their Retail and Wholesale Remittance products. Earlier, Kirk had a ten-year tenure with Mellon Bank where he held the position of Vice President, Operations with responsibility for Mellon's Nationwide Lockbox Operations. Kirk has both his Bachelors and Masters Degrees in Business from West Virginia University.