Bank of Pacific names Denise Portmann as new President/CEO
Denise Portmann has been named President and Chief Executive Officer of Bank of the Pacific, effective on January 1, succeeding Dennis Long, who will remain President and CEO of Pacific Financial Corporation.
Gary Forcum, Chairman of the Board said “A smooth transition is essential to maintain the confidence of investors, business partners, customers and our employees. We have already begun a broad-based search for a new Chief Financial Officer.” Portmann will continue to oversee the CFO responsibilities until a replacement is found.
Portmann was named Executive Vice President and Chief Financial Officer of Bank of the Pacific in 2004 and has served as Treasurer for the Company since 2001, and will continue to do so until a replacement is found. She holds a Bachelor of Science in accounting and is a Certified Public Accountant. Her community activities include being on the board of trustees for Grays Harbor College.
Having spent his entire professional life in the financial services industry, Long joined Bank of the Pacific in 1997 as President, and was appointed CEO in May 2001. He will remain President and CEO.
Pacific Financial Corporation of Aberdeen, Washington, is the holding company for Bank of the Pacific. As of September 30, the Company has total assets of $715.7 million and operated 16 branches in communities in Grays Harbor, Pacific, Whatcom, Skagit and Wahkiakum counties.