– USA, OR – Pacific Continental Corporation (Nasdaq: PCBK), the holding company of Pacific Continental Bank, today announced that Thomas Ellison and Duane C. Woods, formerly board members for Foundation Bank of Bellevue, Washington, will join the board of directors for Pacific Continental Bank. Pacific Continental Corporation formally closed its acquisition of Foundation Bancorp, Inc. and its wholly-owned subsidiary, Foundation Bank on September 6.
“Tom and Duane bring outstanding leadership and banking expertise to our board of directors,” said Roger Busse, president and chief executive officer for Pacific Continental Bank. “Their proven organizational stewardship and deep market knowledge will further strengthen our outstanding board.”
Mr. Woods is a founding investor of Foundation Bank and a former senior vice president for Waste Management Inc. Mr. Ellison, also a founding investor, is co-owner in partnership with TPG Capital and Leonard Green Partners at Savers, Inc., a privately held international retail chain with over 350 locations in the United States, Canada and Australia.
About Pacific Continental Bank
Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through 14 banking offices in Oregon and Washington. The Bank also operates loan production offices in Tacoma, Washington and Denver, Colorado. With $2.4 billion in total assets, Pacific Continental has established one of the most unique and attractive metropolitan branch networks in the Pacific Northwest with offices in three of the region’s largest markets including Seattle, Portland and Eugene. Pacific Continental targets the banking needs of community-based businesses, health care professionals, professional service providers and nonprofit organizations.
Since its founding in 1972, Pacific Continental Bank has been honored with numerous awards and recognitions from highly regarded third-party organizations including The Seattle Times, Portland Business Journal, Seattle Business magazine and Oregon Business magazine. A complete list of the company’s awards and recognitions – as well as supplementary information about Pacific Continental Bank – can be found online at therightbank.com. Pacific Continental Corporation’s shares are listed on the Nasdaq Global Select Market under the symbol “PCBK” and are a component of the Russell 2000 Index.
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