PBCO Reports Chief Operating Officer Retirement

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, Chief Operating Officer of the Company and Bank will retire March 16, 2026. Erb joined the bank in January 2014, serving as Chief Banking Officer, Chief Strategy Officer, and most recently as Chief Operating Officer. “We honor Steve, whose lifelong dedication to banking and leadership with People’s Bank over the past 11 years has strengthened our organization and earned him the respect of colleagues, community members, and industry leaders,” reported Julia Beattie, President and CEO. Erb will be succeeded by Nikki Hoffman, Senior Vice President and IT Director, who will step into the role of Chief Operating Officer of the Bank on January 1, 2026. Hoffman has worked at People’s Bank since 1998, with prior roles in commercial lending, operations support, and most recently as Director of the Bank’s IT department.