Commencement Bank (CBWA) Announces Senior Leadership Promotions

Rhea-AI Summary

Commencement Bank (OTCQX:CBWA) announced the promotions of Jerald Kennedy to Senior Vice President, Chief Information Officer, and Rick Larson to Executive Vice President, Chief Credit Officer. Kennedy has been with the bank for eight years, while Larson has managed credit risk for four years. President and CEO John Manolides praised their contributions to the bank’s growth and risk management. Commencement Bank focuses on providing reliable banking services in Tacoma and surrounding areas, emphasizing community commitment and technological solutions.

Positive

• Promotions of key executives, enhancing leadership structure.
• Kennedy's and Larson's experience contributes to stability and growth.

Negative

• None.

TACOMA, WA / ACCESSWIRE / January 13, 2022 / Commencement Bank (OTCQX:CBWA) is pleased to announce the promotions of Jerald Kennedy and Rick Larson. Kennedy, who has been with Commencement eight years, will now serve as Senior Vice President, Chief Information Officer. Larson, who has managed the Bank's credit risk for the past four years, was promoted from Senior Vice President to Executive Vice President and will retain the title of Chief Credit Officer.

"We are fortunate to have such strong individuals whose contributions have been instrumental in the Bank's growth and risk management. I am honored to work alongside such a talented team and support them in advancing their careers with Commencement," said John Manolides, President and CEO.

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About Commencement Bank

Commencement Bank, headquartered in Tacoma, Washington, was formed in 2006 to provide traditional, reliable, and sustainable banking in Pierce, South King, Thurston counties and the surrounding areas. Their team of 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. Commencement Bancorp, Inc. is the holding company for Commencement Bank. For more information, please visit www.commencementbank.com. For information related to the trading of CBWA, please visit www.otcmarkets.com.

Contact Information: John E. Manolides, President & CEO | 253-284-1802

SOURCE: Commencement Bank (WA)

View source version on accesswire.com:
https://www.accesswire.com/683426/Commencement-Bank-CBWA-Announces-Senior-Leadership-Promotions

FAQ

What promotions were announced by Commencement Bank on January 13, 2022?

Commencement Bank promoted Jerald Kennedy to Senior Vice President, Chief Information Officer, and Rick Larson to Executive Vice President, Chief Credit Officer.

Who are the newly promoted executives at Commencement Bank?

The newly promoted executives are Jerald Kennedy and Rick Larson.

How long has Jerald Kennedy worked at Commencement Bank?

Jerald Kennedy has been with Commencement Bank for eight years.

What is the stock symbol for Commencement Bank?

The stock symbol for Commencement Bank is CBWA.

When was the leadership announcement made for Commencement Bank?

The leadership announcement was made on January 13, 2022.