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Commencement Bancorp, Inc. (CBWA) and Commencement Bank Announce New EVP, Chief Financial Officer and SVP, Finance and Accounting Manager

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Commencement Bancorp, Inc. (OTCQX:CBWA) and Commencement Bank have announced two key appointments to their finance team. Brandi Parker has joined as Executive Vice President and Chief Financial Officer, while Mandie Ereth has been appointed as Senior Vice President and Finance & Accounting Manager. Both executives, who previously worked at Heritage Bank, started their new roles on July 29th and 30th, 2024, respectively.

Parker brings over 20 years of finance and accounting experience, with expertise in SEC filings, budgeting, financial forecasting, and asset liability management. Ereth has 20 years of experience in bank accounting and finance, specializing in financial statements, asset liability management, and profitability modeling. Both are Certified Public Accountants with master's degrees in accounting.

CEO John E. Manolides expressed enthusiasm about the new hires, highlighting their potential to create efficiencies, analyze data, and enhance reporting processes at Commencement Bank.

Commencement Bancorp, Inc. (OTCQX:CBWA) e Commencement Bank hanno annunciato due nomine fondamentali nel loro team finanziario. Brandi Parker è entrata a far parte dell'organizzazione come Vicepresidente Esecutivo e Direttore Finanziario, mentre Mandie Ereth è stata nominata Vicepresidente Senior e Manager di Finanza e Contabilità. Entrambi i dirigenti, che avevano precedentemente lavorato presso Heritage Bank, hanno iniziato i loro nuovi ruoli rispettivamente il 29 e il 30 luglio 2024.

Parker porta con sé oltre 20 anni di esperienza nel settore della finanza e della contabilità, con competenze nelle fusioni SEC, budgeting, previsione finanziaria e gestione degli attivi e dei passivi. Ereth ha 20 anni di esperienza nella contabilità bancaria e nella finanza, specializzandosi in bilanci, gestione degli attivi e dei passivi e modellazione della redditività. Entrambi sono Dottori Commercialisti con master in contabilità.

Il CEO John E. Manolides ha espresso entusiasmo per le nuove assunzioni, sottolineando il loro potenziale nel creare efficienze, analizzare i dati e migliorare i processi di reportistica presso Commencement Bank.

Commencement Bancorp, Inc. (OTCQX:CBWA) y Commencement Bank han anunciado dos nombramientos clave en su equipo financiero. Brandi Parker se ha unido como Vicepresidenta Ejecutiva y Directora Financiera, mientras que Mandie Ereth ha sido nombrada Vicepresidenta Senior y Gerente de Finanzas y Contabilidad. Ambas ejecutivas, que trabajaron previamente en Heritage Bank, comenzaron sus nuevos roles el 29 y 30 de julio de 2024, respectivamente.

Parker aporta más de 20 años de experiencia en finanzas y contabilidad, con especialización en presentaciones a la SEC, presupuestos, pronósticos financieros y gestión de activos y pasivos. Ereth cuenta con 20 años de experiencia en contabilidad bancaria y finanzas, especializándose en estados financieros, gestión de activos y pasivos y modelado de rentabilidad. Ambas son Contadoras Públicas Certificadas con maestrías en contabilidad.

El CEO John E. Manolides expresó su entusiasmo por las nuevas contrataciones, destacando su potencial para crear eficiencias, analizar datos y mejorar los procesos de informes en Commencement Bank.

커멘스먼트 뱅코프, Inc. (OTCQX:CBWA)와 커멘스먼트 뱅크는 금융 팀에 두 명의 주요 임명 소식을 전했습니다. 브랜디 파커가 부회장 겸 CFO로 합류했으며, 맨디 에레스는 수석 부사장 겸 재무 및 회계 매니저로 임명되었습니다. 두 임원 모두 이전에 헤리티지 뱅크에서 근무했으며, 각각 2024년 7월 29일과 30일에 새로운 역할을 시작했습니다.

파커는 SEC 제출서류, 예산, 재무 예측 및 자산 부채 관리에 대한 전문 지식을 갖춘 20년 이상의 재무 및 회계 경력을 보유하고 있습니다. 에레스는 20년의 은행 회계 및 재무 경험을 가지고 있으며, 재무 제표, 자산 부채 관리 및 수익성 모델링을 전문으로 하고 있습니다. 두 사람 모두 공인회계사로서 회계 석사 학위를 가지고 있습니다.

CEO 존 E. 마놀리데스는 새로운 채용에 대한 기대감을 표명하며, 그들이 커멘스먼트 뱅크에서 효율성을 창출하고, 데이터를 분석하며, 보고 프로세스를 개선할 잠재력을 강조했습니다.

Commencement Bancorp, Inc. (OTCQX:CBWA) et Commencement Bank ont annoncé deux nominations clés au sein de leur équipe financière. Brandi Parker a rejoint l'entreprise en tant que Vice-Présidente Exécutive et Directrice Financière, tandis que Mandie Ereth a été nommée Vice-Présidente Senior et Responsable de la Finance et de la Comptabilité. Les deux dirigeantes, qui ont travaillé auparavant chez Heritage Bank, ont commencé leurs nouveaux postes respectivement le 29 et le 30 juillet 2024.

Parker apporte plus de 20 ans d'expérience dans le domaine des finances et de la comptabilité, avec une expertise en matière de dépôts à la SEC, de budgétisation, de prévisions financières et de gestion des actifs et des passifs. Ereth a 20 ans d'expérience en comptabilité bancaire et en finances, se spécialisant dans les états financiers, la gestion des actifs et des passifs et la modélisation de la rentabilité. Toutes deux sont des comptables agréées avec des maîtrises en comptabilité.

Le PDG John E. Manolides a exprimé son enthousiasme à propos des nouvelles recrues, soulignant leur potentiel à créer des efficacités, à analyser des données et à améliorer les processus de reporting chez Commencement Bank.

Commencement Bancorp, Inc. (OTCQX:CBWA) und Commencement Bank haben zwei wichtige Ernennungen in ihrem Finanzteam bekannt gegeben. Brandi Parker hat die Position der Executive Vice President und Chief Financial Officer übernommen, während Mandie Ereth zur Senior Vice President und Managerin für Finanzen und Buchhaltung ernannt wurde. Beide Führungskräfte, die zuvor bei der Heritage Bank tätig waren, haben ihre neuen Rollen am 29. und 30. Juli 2024 begonnen.

Parker bringt über 20 Jahre Erfahrung in Finanzen und Buchhaltung mit, einschließlich Expertise in SEC-Einreichungen, Budgetierung, finanzieller Prognose und Asset-Liability-Management. Ereth besitzt 20 Jahre Erfahrung in der Bankbuchhaltung und Finanzen und hat sich auf Finanzberichte, Asset-Liability-Management und Rentabilitätsmodellierung spezialisiert. Beide sind zertifizierte Wirtschaftsprüfer und haben Masterabschlüsse in Buchhaltung.

CEO John E. Manolides äußerte Begeisterung über die neuen Einstellungen und hob ihr Potenzial hervor, Effizienz zu schaffen, Daten zu analysieren und die Berichtprozesse bei Commencement Bank zu verbessern.

Positive
  • Appointment of experienced CFO with over 20 years in finance and accounting
  • Addition of SVP with 20 years of bank accounting and finance expertise
  • Both new executives are Certified Public Accountants with master's degrees
  • Potential for improved financial reporting and data analysis processes
Negative
  • None.

TACOMA, WA / ACCESSWIRE / August 1, 2024 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") and Commencement Bank (the "Bank") announced today that Brandi Parker joined the Bank as Executive Vice President and Chief Financial Officer on July 29th, 2024, along with Mandie Ereth as Senior Vice President and Finance & Accounting Manager. Parker and Ereth came from Olympia-based Heritage Bank, where they held positions in the finance department. Both are highly accredited as Certified Public Accountants with master's degrees in accounting.

"We are excited to welcome Brandi and Mandie to our growing team. They both have impressive backgrounds in finance and accounting and will be great additions to Commencement. We are looking forward to utilizing their skill sets to create new efficiencies, analyze data, and enhance our reporting processes," said John E. Manolides, Chief Executive Officer.

Parker has over 20 years of finance and accounting experience with proficiencies in SEC filings, budgeting, financial forecasting, asset liability management, and data analytics. Prior to starting her banking career, she worked at KPMG as an accountant. Brandi is also a graduate of Pacific Coast Banking School.

Ereth has 20 years of experience in bank accounting and finance with expertise in areas including call reports, monthly and yearly financial statements, asset liability management, budgeting, profitability modeling, and financial forecasting.

The team began on July 29th (Parker) and July 30th (Ereth).

Brandi Parker, EVP & Chief Financial Officer

Mandie Ereth, SVP Finance & Accounting Manager

About Commencement Bancorp, Inc.

Commencement Bancorp, Inc. is the holding company for Commencement Bank, headquartered in Tacoma, Washington. Commencement Bank was formed in 2006 to provide traditional, reliable, and sustainable banking in Pierce, King, and Thurston counties and the surrounding areas. Their team of experienced banking experts focuses on personal attention, flexible service, and building strong relationships with customers through state-of-the-art technology as well as traditional delivery systems. As a local bank, Commencement Bank is deeply committed to the community. For more information, please visit www.commencementbank.com. For information related to the trading of CBWA, please visit www.otcmarkets.com.

For further discussion, please contact the following:

John E. Manolides, Chief Executive Officer | 253-284-1802

Nigel L. English, President & Chief Operating Officer | 253-284-1801

Forward-Looking Statement Safe Harbor: This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Forward-looking statements describe Commencement Bancorp, Inc.'s and Commencement Bank's projections, estimates, plans and expectations of future results and can be identified by words such as "believe," "intend," "estimate," "likely," "anticipate," "expect," "looking forward," and other similar expressions. They are not guarantees of future performance. Actual results may differ materially from the results expressed in these forward-looking statements, which because of their forward-looking nature, are difficult to predict. Investors should not place undue reliance on any forward-looking statement, and should consider factors that might cause differences including but not limited to the degree of competition by traditional and nontraditional competitors, declines in real estate markets, an increase in unemployment or sustained high levels of unemployment; changes in interest rates; greater than expected costs to integrate acquisitions, adverse changes in local, national and international economies; changes in the Federal Reserve's actions that affect monetary and fiscal policies; changes in legislative or regulatory actions or reform; demand for products and services; changes to the quality of the loan portfolio and Commencement Bank's ability to succeed in its problem-asset resolution efforts; the impact of technological advances; changes in tax laws; and other risk factors. Neither Commencement Bancorp, Inc. nor Commencement Bank undertakes any obligation to publicly update or clarify any forward-looking statement to reflect the impact of events or circumstances that may arise after the date of this release.

SOURCE: Commencement Bank



View the original press release on accesswire.com

FAQ

Who are the new executives joining Commencement Bancorp, Inc. (CBWA)?

Brandi Parker is joining as Executive Vice President and Chief Financial Officer, and Mandie Ereth as Senior Vice President and Finance & Accounting Manager.

When did the new executives start their roles at Commencement Bank (CBWA)?

Brandi Parker started on July 29th, 2024, and Mandie Ereth started on July 30th, 2024.

What is the professional background of Brandi Parker, the new CFO of Commencement Bancorp (CBWA)?

Brandi Parker has over 20 years of finance and accounting experience, with expertise in SEC filings, budgeting, financial forecasting, and asset liability management. She previously worked at Heritage Bank and KPMG.

What are the qualifications of the new executives at Commencement Bancorp (CBWA)?

Both Brandi Parker and Mandie Ereth are Certified Public Accountants with master's degrees in accounting. They have extensive experience in bank finance and accounting.

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