Pacific West Bancorp in Portland, Ore., will soon have a new leader.
The $320 million-asset company said in a press release that Jason Wessling will become its CEO on June 1. Wessling, who will remain president, will succeed Terry Peterson, who is retiring.
Peterson will remain on the board.
“We knew … Wessling was a special leader when he joined the bank,” Peterson said in the release. “His promotion to president in 2022 was with the intention that he would become the CEO as part of a thoughtful and deliberate two-year transition plan.”
Separately, the company said that Lisa Fajardo-Faust had become chief banking officer. She was chief deposit officer.