PBCO Reports Erb Accepts Role of Chief Operating Officer

Rhea-AI Summary

PBCO Financial (OTCPK: PBCO), the holding company for People’s Bank of Commerce, announced that Steve Erb will assume the role of Chief Operating Officer effective June 14, 2024. Erb will succeed Joan Reukauf, who is leaving to pursue a new opportunity in the banking education sector. PBCO's President and CEO, Julia Beattie, expressed confidence in Erb's capabilities as Reukauf transitions out of the organization.

Positive

• Steve Erb's appointment as COO brings experienced leadership to PBCO.
• Smooth transition in leadership as Reukauf is leaving for new opportunities.
• Positive outlook by PBCO's President and CEO on the new appointment.

Negative

• Potential uncertainty due to the transition of a key executive role.
• Possible disruptions during the transition period affecting operations.

MEDFORD, Ore.--(BUSINESS WIRE)-- PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported that Steve Erb has accepted the role of Chief Operating Officer, effective June 14, 2024. Joan Reukauf, the current Chief Operating Officer, is leaving to pursue a new opportunity related to the banking industry in education. “The Company is fortunate to retain Mr. Erb as Chief Operating Officer as Ms. Reukauf transitions to her new role outside the organization,” reported Julia Beattie, President & CEO.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604701684/en/

Julia Beattie, President & CEO

(541) 608-8920, julia.beattie@peoplesbank.bank

Source: PBCO Financial Corporation

FAQ

When will Steve Erb start as COO of PBCO?

Steve Erb will start as COO of PBCO on June 14, 2024.

Who is the new COO of PBCO?

Steve Erb is the new COO of PBCO.

What company is Steve Erb joining as COO?

Steve Erb is joining PBCO Financial as COO.

Why is Joan Reukauf leaving PBCO?

Joan Reukauf is leaving PBCO to pursue a new opportunity in the banking education sector.