OAK HARBOR — Whidbey Island Bank acquired Lynnwood-based City Bank in April, and now it’s taking on a piece of shuttered Frontier Financial Corp., too.
The bank recruited eight former Frontier Bank staffers, according to a statement released earlier today.
Like City Bank, Frontier was shut down by regulators in April. Frontier was bought by California-based Union Bank.
Whidbey Island Bank touted the team of recruits, led by former Frontier Senior Vice President Tim Coulter, as a sign that it’s dedicated to community banking in Snohomish County.
“Coulter and his team are well-known and highly respected in the greater Snohomish area business community, and we are delighted to offer these banking professionals a new home,” said Whidbey Island Bank President Jack Wagner. “As a strong community bank, we are well positioned to benefit from the opportunities created by the changing face of Northwest banking.”
The rest of Whidbey Island’s recruits include commercial loan officers Dave Hajek, Julie Lienhard, Scott Higgins, and Sailesh Kumar; credit analysts Kimberly Love and Kirsten Marino and credit assistant Barb Jeffries.
Coulter said Whidbey Island Bank was “the clear choice” for his team.
“We wanted to maintain our strong presence in the North Puget Sound area and continue to build our business with a dynamic local bank that had the resources and resolve to grow,” he said.
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