HOQUIAM, Wash.--(BUSINESS WIRE)--
Timberland Bancorp, Inc. (NASDAQ:TSBK) (“Timberland” or “the Company”)
today announced the hiring of Ed Foster as Chief Credit Officer, who is
replacing Michael Scott following his retirement. In addition, Bob
Drugge has been promoted to Executive Vice President of Community and
Commercial Lending, John Norawong is now Chief Operating Officer and
Richard Pifer has been promoted to Regional Manager of Community Lending.
“We welcome Ed to our senior management team and look forward to working
with him to expand our lending operations,” said Michael R. Sand,
President and CEO. “His many years of experience managing community bank
loan departments, as well as his regulatory expertise, will enhance our
management team. In addition, Bob, John and Richard have long tenures
with Timberland and are exceptionally capable leaders.”
Most recently, Ed Foster served as an examiner with the Federal Deposit
Insurance Corporation (FDIC). Foster has spent the majority of his
career in banking beginning in the proof department and progressing to
chief credit administrator. He has worked in all areas of credit
management during his banking career. A graduate of Western
International University, Foster earned his Bachelor of Science degree
in Management and his Master’s in Business Administration in Finance. He
is also a graduate of the Pacific Coast Banking School at University of
Washington.
Bob Drugge has been promoted to lead the Community and Commercial
Lending division of the bank. Drugge joined Timberland in 2006 and has
more than 37 years in banking. Drugge earned his Bachelor’s degree in
Business Administration from the University of Washington, majoring in
accounting. He is also a graduate of the Pacific Coast Banking School.
Born and raised in Hoquiam, Washington, Drugge currently serves on the
Franciscan Foundation finance committee and has served on the boards of
City of Puyallup Parks and Recreation, Comprehensive Mental Health, Red
Cross, World Trade Center, Puyallup Cal Ripken Baseball, YMCA and many
other community organizations.
John Norawong has been promoted to Chief Operating Officer. Norawong has
over 19 years of experience in commercial lending, retail banking, and
various management positions. Prior to joining Timberland Bank in 2006,
Norawong has served in senior management positions with United
Commercial Bank, Key Bank and Sanwa Bank of California. Norawong earned
his Bachelor’s degree in Business from Brigham Young University and his
Master’s degree in Business Administration from the University of
Tennessee.
Richard Pifer, with more than 32 years of banking experience, is being
promoted to Regional Manager of Community Lending. Pifer is a graduate
of the Coastline College and the University of Washington’s Pacific
Coast Banking School. He currently serves on the board and is Community
Service Director for Gig Harbor’s Rotary, is past vice president for the
Gig Harbor Museum, is a member of the Gig Harbor Chamber of Commerce, is
a founder of the Peninsula High School Interact Club and is a volunteer
instructor for Junior Achievement.
About Timberland Bancorp, Inc.
Timberland Bancorp, Inc., a Washington corporation, is the holding
company for Timberland Bank (“Bank”). The Bank opened for business in
1915 and serves consumers and businesses across Grays Harbor, Thurston,
Pierce, King, Kitsap and Lewis counties, Washington, with a full range
of lending and deposit services through its 22 branches (including its
main office in Hoquiam).
Photos available upon request to Denise Burke at drburke@timberlandbank.com
or 360-533-4747.
Timberland Bancorp, Inc.
Michael R. Sand, President & CEO
Dean
J. Brydon, CFO
360-533-4747
www.timberlandbank.com
Source: Timberland Bancorp, Inc.