BELLEVUE, Wash.--(BUSINESS WIRE)--Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Kimberly Carhee joined the company as vice president, loan operations manager.
Ms. Carhee replaces Bruce Nalder, who will retire on May 13, 2016 after 11 years managing the team of loan service representatives at Puget Sound Bank. Mr. Nalder was one of the first employees of Puget Sound Bank and helped establish the culture and policies that have built the Bank into one of the strongest and most successful in the United States.
“Bruce has been instrumental in the Bank’s success and everyone here wishes him a well-deserved retirement,” said Tony Chalfant, Puget Sound Bank executive vice president and chief credit officer. “We’re pleased to have found Kim Carhee as Bruce’s replacement. Her depth of experience in managing loan operations in community banks will be valuable as Puget Sound Bank continues to grow.”
Ms. Carhee has spent her entire career in loan operations in banks, with most of her time in community banking. “Her proven track record of building, managing and motivating successful teams through growth and change is just what we were looking for,” added Mr. Chalfant. “We are fortunate to bring her experience and customer-focused leadership to the Bank.”
She grew up in the Seattle area and is a graduate of the University of Washington.
Puget Sound Bank has been named a best workplace, fastest growing company and top corporate philanthropist by the Puget Sound Business Journal and is consistently rated one of the country’s strongest banks by independent analysts.
Common stock for Puget Sound Bancorp trades on the OTCQB® electronic marketplace under the symbol PUGB.
About Puget Sound Bank
Puget Sound Bank, the primary subsidiary of Puget Sound Bancorp, is one of Washington state’s top commercial banks (as measured by commercial and industrial loans as a percentage of total loans). Based in Bellevue, Washington, the bank was founded to meet the specialized needs of small- and medium-sized businesses, nonprofits, select commercial real estate projects, professional service providers and high net worth individuals. Puget Sound Bank offers a full range of competitive financial products including an advanced suite of cash management services. Customers can access their accounts in-branch, online, on mobile devices or through Puget Sound Bank's ATM network throughout the continental United States. For more information visit www.PugetSoundBank.com or call (425) 455-2400.
To access investor information for Puget Sound Bancorp, visit www.PugetSoundBancorp.com or call (425) 467-2037.