CHARTER BANK PROMOTES THREE TOP EXECUTIVES
Bellevue, WA - February 27, 2006
Charter Bank Chairman and CEO Keith Jackson announced three executive promotions today. Terry Peterson has been named president and chief operating officer. Rick Darrow has been promoted to executive vice president and retains the title of chief financial officer. Alan Fulp has been named executive vice president and senior real estate lending administrator. Keith Jackson continues in his role as chairman and chief executive officer.
"The hard work and expertise of this team have contributed to Charter Bank's position as one of the fastest growing and highest performing community banks among all banks formed in Washington State during the last ten years," said Jackson. "Since forming the bank in 1997, these fine individuals have applied time, talent, and skill to help Charter achieve high performance and sustain an exceptional credit culture. These promotions recognize their role in shaping Charter's success to date. They also acknowledge contributions still to come that will fuel the growth and success of our organization."
Prior to his promotion to president, Peterson served as executive vice president and chief lending officer. His banking career began at Rainier Bank more than 25 years ago. Peterson, a graduate of Washington State University, has deep experience in all areas of commercial banking and loan administration.
Prior to his promotion to executive vice president, Darrow served as senior vice president and chief financial officer. A graduate of the University of Washington, Darrow has more than 20 years experience in the financial services industry. Formerly a CPA with an international accounting firm, Darrow worked for six years with Enterprise Bank and five years with University Savings Bank.
Prior to his promotion, Alan Fulp served as senior vice president and senior real estate lending officer and Bellevue business banking manager. He offers more than 20 years of banking experience. Fulp brings expertise in commercial, consumer, real estate and construction lending to the Charter Bank team. Fulp is a graduate of Willamette University, in Salem, OR, and a 1986 graduate of the Pacific Coast Banking School.
About Charter Bank:
Charter Bank is a private bank for family-owned businesses and professionals located throughout Greater King County with offices in Bellevue, Redmond, Kent, and Downtown Seattle. At Charter Bank, clients enjoy friendly, professional, and detailed service from experienced account officers with local market knowledge. Clients also benefit from quick turnaround on important decisions and have access to online banking and other sophisticated treasury management products. Employees of Charter Bank are shareholders and are committed to the financial success of the organization. For more information, visit www.charterbankwa.com.
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