John Dickson Retires as Chief Operating Officer
Coastal Financial Corporation (Nasdaq: CCB) announced the retirement of Chief Operating Officer John Dickson, effective April 3, 2023, with plans for a part-time advisory role to ensure a smooth transition. Dickson has been instrumental in developing the Bank's Banking as a Service (BaaS) unit, CCBX, since its inception. The company had previously appointed President Curt Queyrouze in 2022 as part of succession planning. As of December 31, 2022, Coastal Financial reported total assets of $3.14 billion, gross loans of $2.63 billion, and total deposits of $2.82 billion.
- Successful succession planning with the appointment of Curt Queyrouze as President.
- John Dickson's continued part-time role ensures a smooth leadership transition.
- Strong financial metrics with total assets of $3.14 billion.
- Retirement of a key executive may impact strategic initiatives.
EVERETT, Wash., April 03, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that John Dickson has retired from his role as Chief Operating Officer of the Bank. Mr. Dickson will continue part-time with the Bank in an advisory role for a period of time to ensure a smooth transition.
The addition of President Curt Queyrouze in 2022 was part of ongoing succession planning at the Bank in anticipation of Dickson’s departure.
“John has been key in building out our Banking as a Service team, CCBX,” said CEO Eric Sprink. “From the inception of CCBX, John has ensured that we have a wide depth of expertise and knowledge within the Bank, which positions us for this transition. While we will miss John and the skills and insights he brought to the Bank, he leaves us prepared to move forward.”
Dickson joined the Bank in 2010. Prior to joining the Bank, he served in various roles for Frontier Financial Corporation and Frontier Bank from 1985 to 2010, serving as President of Frontier Bank from 2008 to 2010. He received a bachelor’s degree in economics from the University of Puget Sound and graduated with honors from the Graduate School of Banking at the University of Wisconsin-Madison. John practiced accounting as a CPA for three years in the audit division of a large accounting firm and is a past Chairman of the Washington Bankers Association.
About Coastal Financial Corporation
Coastal Financial Corporation (NASDAQ: CCB), is an Everett, Washington-based Bank holding company with Coastal Community Bank (the “Bank”) a full-service commercial bank, as its sole wholly owned banking subsidiary. The Bank operates through its 14 branches in Snohomish, Island, and King Counties, the Internet, and its mobile banking application. The Bank, through its CCBX division, provides banking as a service (“BaaS”) that allows our broker-dealer and digital financial service partners to offer their customers banking services. As of December 31, 2022, we had total assets of
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