Pacific Financial Corporation and Bank of the Pacific issued a release announcing that Douglas Biddle will retire from his position as Executive Vice President and Chief Financial Officer of the Aberdeen bank, effective August 31, 2019.
In the release it states that the Board of Directors has retained an executive search firm to assist in the process of identifying his successor.
Biddle will be participating in the recruitment process and will remain with the Company until a replacement is found.
Pacific Financial Corporation, based in Aberdeen, is the bank holding company for Bank of the Pacific.As of March 31, 2019, the Company had total assets of $903.7 million and operated fourteen branches in Grays Harbor, Pacific, Whatcom, Skagit, Clark and Wahkiakum counties, as well as two branches in Clatsop County, Oregon.
The Company also operated loan production offices in the communities of Tacoma and Burlington in Washington and Salem, Oregon.
Visit the Company’s website at www.bankofthepacific.com.