The holding company for Bank of the Pacific has named Denise Portmann as the bank’s new president and CEO.
Portmann takes over the roles from Dennis Long, who will remain as president and CEO for the bank’s holding company, Pacific Financial Corp. She assumed her new jobs Jan. 1.
Gary Forcum, chairman of Pacific Financial ‘s board of directors, said in a statement that the leadership change was, “part of a well-planned corporate transition plan, which is critical to providing the incoming CEO with a solid platform from which to move the [b]ank forward.”
Portmann will also fill additional roles in an interim capacity at Bank of the Pacific, including CFO and treasurer. Searches for permanent hires for both of those positions are underway, according to Pacific Financial.
Portmann has worked for the bank for 12 years. She was appointed executive vice president and CFO in 2004, and has served as treasurer for the company since 2001. She earned a bachelor’s degree from Central Washington University and is also a Certified Public Accountant.
Pacific Financial is based in Aberdeen, Wash. Its current assets total $715.7 million, according to the company.
Bank of the Pacific operates 19 branches and five loan centers in Washington and Oregon. It has four branches in Whatcom County: two in Bellingham, one in Lynden and one in Ferndale, as well as two loan centers, both in Bellingham.