PBCO Financial in Medford, Ore., will have a new CEO this summer.
The $800 million-asset parent of People’s Bank of Commerce said in a press release that Julie Beattie, its president, will succeed Ken Trautman as CEO on July 1. Trautman, who is retiring, will remain on the company’s board.
Trautman co-founded the bank with Mike Sickels in 1998.
“We are indebted to Ken for his dedicated service and leadership over the past 25 years,” Roy Vinyard, the company’s chairman, said in the release. “He navigated the bank through difficult economic challenges and has led the bank to continued growth and success.”
Beattie’s “institutional knowledge, reputation in the industry and commitment to the mission, vision and values of the bank will ensure a smooth and successful transition,” Vinyard added.