Herb and his wife Marion Sandler operated Golden West Financial Corporation from 1963 to 2006. Golden West was a successful, risk-averse residential mortgage portfolio lender that focused on making high quality loans and had the lowest loan losses in the industry over a 40+ year period. The Sandlers, who are committed to giving away their wealth philanthropically, have contributed more than $1.3 billion to the Sandler Foundation.
Herb Sandler grew up in New York’s Lower East Side, graduated from the City College of New York in 1951 and Columbia Law School in 1954. After graduation from law school, he worked for the Waterfront Commission of New York Harbor and as an attorney at a small law firm in lower Manhattan. Herb married Marion Osher in 1961 and subsequently moved to California.