Douglas N. Biddle Named EVP and Chief Financial Officer of Bank of the Pacific
February 13 2014 - 4:00PM
Pacific Financial Corporation (OTCQB:PFLC), the
holding company for Bank of the Pacific, today announced that
Douglas N. Biddle was named Executive Vice President and Chief
Financial Officer of Bank of the Pacific, effective February 10,
2014. Biddle will also serve as Treasurer of the holding
company succeeding Denise Portmann, who was recently promoted to
President and CEO of the Bank. Portmann will work with Biddle
over the next several weeks to transition her current
responsibilities.
"We are delighted to welcome Doug to our management team," said
Dennis Long, President and Chief Executive Officer. "With over
30 years of executive banking experience, he brings a track record
of success in the industry and a unique blend of strategic
financial skills. His proven leadership and stellar reputation
in the banking community will provide a strong complement to our
executive team."
Formerly with PremierWest Bancorp as their Executive Vice
President and CFO, Biddle also served as President and CEO of
Plumas Bancorp, a California community Bank from 2005 through
2010. During his twenty year career at Plumas Bancorp, Biddle
has served in various executive positions including Chief
Administrative Officer, Chief Financial Officer and Chief Operating
Officer.
Biddle earned his BA in Political Science from the University of
California-Davis and an MBA from UCLA. He is a Certified
Management Accountant and a former National Bank Examiner with the
Office of the Comptroller of the Currency.
"Pacific Financial is one of the leading community financial
institutions in the Pacific Northwest. I am very pleased
to join such an accomplished executive team," said
Biddle. "Bank of the Pacific has a stellar business reputation
and the talent on hand to expand on its strong foundation and
continue to deliver superior service throughout its
communities."
About Pacific Financial
Corporation
Pacific Financial Corporation of Aberdeen, Washington, is the
bank holding company for Bank of the Pacific, a state chartered and
federally insured commercial bank. Bank of the Pacific offers
banking products and services to small-to-medium sized businesses
and professionals in Washington and Oregon. As of December 31,
2013, the Company has total assets of $705.0 million and operates
16 branches in the communities of Grays Harbor, Pacific, Whatcom,
Skagit and Wahkiakum counties in the State of Washington, and three
branches in Clatsop County, Oregon. The Company also operates
loan production offices in the communities of Vancouver, Dupont and
Burlington in Washington. Visit the Company's website at
www.bankofthepacific.com. Member FDIC.
CONTACT: DENNIS LONG, PRESIDENT & CEO
DOUGLAS N. BIDDLE, TREASURER & CFO
PACIFIC FINANCIAL CORPORATION
360.537.4061
The Cereghino Group
IR CONTACT: 206-388-5785
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