Brad Williamson, Chief Regulator for Washington State Banks, Named President and CEO of Islanders Bank
February 03 2011 - 5:51PM
The Board of Directors of Islanders Bank today announced that Brad
Williamson has been named President and Chief Executive Officer of
Islanders Bank, a subsidiary of Banner Corporation. Mr. Williamson
will also join the Board of Directors of Islanders Bank. Mr.
Williamson will replace interim President and Chief Executive
Officer Brian Brown, who will continue to serve as Chairman of the
Board.
Mr. Williamson was formerly the Director of Banks for the
Washington State Department of Financial Institutions, which
regulates all Washington State chartered banks, trust companies and
business development companies. Since 2006, he led a staff of
30 examiners supervising and examining all chartered financial
organizations to ensure ongoing safety and soundness and compliance
with applicable regulations. Prior to joining the Department
of Financial Institutions, Mr. Williamson was Managing
Director for RSM McGladrey's Northwest Risk Management Practice
headquartered in Tacoma, Washington. He has a Business
Administration/Finance degree from California State University and
is a graduate of Pacific Coast Banking School.
"Brad Williamson brings a wealth of financial experience and has
an outstanding reputation in the financial services
industry. We are very excited about having someone with Brad's
industry knowledge, respect, and skill set join our local
management team at Islanders Bank," stated Brian Brown, Chairman of
Islanders Bank. "His knowledge of banking, finance, credit
administration and risk management is exceptional. The Board
and management are excited about the expertise, energy and
professionalism that Brad brings to our organization."
"I am excited to be leading a team of professionals that
provides superior banking services at such a healthy financial
institution as Islanders Bank," stated Brad Williamson.
"Having Brad join us is a real advantage. He is an
outstanding regulator and will be just as impressive a leader at
Islanders Bank for us," said Mark Grescovich, President and Chief
Executive Officer of Banner Corporation, Islanders Bank's parent
company. "Islanders Bank has been highly successful and we are
confident that Islanders will continue to contribute to Banner's
success."
About Islanders Bank
Islanders Bank is a Washington-chartered commercial bank that
conducts business from three locations in San Juan County,
Washington. Islanders Bank is a community bank which offers a
wide variety of commercial banking services and financial products
to individuals and businesses in its primary market
area. Visit Islanders Bank on the Web at
www.IslandersBank.com.
Islanders Bank became a wholly owned subsidiary of Banner
Corporation on May 1, 2007 and will continue to operate as the only
state-chartered commercial bank headquartered in San Juan County
with a local Board of Directors and local management.
About Banner Corporation
Banner Corporation (Nasdaq:BANR), the parent company of
Islanders Bank and Banner Bank, is a $4.4 billion bank holding
company operating two commercial banks in Washington, Oregon and
Idaho. The banks serve the Pacific Northwest region with a
full range of deposit services and business, commercial real
estate, construction, residential, agricultural and consumer
loans.
CONTACT: Brian Brown
Chairman, Islanders Bank
(360) 378-2265
Mark J. Grescovich
President & CEO, Banner Corp.
(509) 527-3636
Banner (NASDAQ:BANR)
Historical Stock Chart
From May 2024 to Jun 2024
Banner (NASDAQ:BANR)
Historical Stock Chart
From Jun 2023 to Jun 2024