Daniel Kuenzi Joins Pacific Financial Corporation as EVP & Chief Credit Officer

ABERDEEN, Wash., May 01, 2017 -- Pacific Financial Corporation (OTCQB:PFLC), the holding company for Bank of the Pacific, today announced that Daniel E. Kuenzi will join its executive management team as Executive Vice President and Chief Credit Officer on May 22, 2017.

“We are excited to have Dan join our executive team, adding depth to an already excellent credit administration group. With over 28 years of production management and credit oversight responsibilities within the financial services industry, Dan brings many years of proven leadership skills,” said Denise J. Portmann, President and CEO.  “Dan will be responsible for all aspects of credit administration.  We believe his experience in commercial banking and credit administration will provide additional capabilities in moving our franchise to the next level.”

Formerly with HomeStreet Bank in Yakima, Washington, Kuenzi served as Senior Vice President/Eastern Washington Regional President, overseeing relationship-based commercial banking.  Kuenzi also was EVP/ Chief Credit Officer with Whidbey Island Bank, and has held other progressively responsible positions with U.S. Bank, Washington Mutual and Wells Fargo throughout the Pacific Northwest. 

“I am delighted to be joining the leadership team of Pacific Financial,” said Dan Kuenzi.  “Pacific Financial is a growing franchise and has a long tradition of supporting its communities and markets.  I look forward to being part of that tradition.”

Kuenzi graduated from the University of Illinois, Urbana-Champaign, Illinois with a Master of Science in Agricultural Economics and earned his Bachelor of Science from Oregon State University in Corvallis, Oregon. 

ABOUT PACIFIC FINANCIAL CORPORATION
Pacific Financial Corporation of Aberdeen, Washington, is the bank holding company for Bank of the Pacific, a state chartered and federally insured commercial bank.  Bank of the Pacific offers banking products and services to small-to-medium sized businesses and professionals in western Washington and Oregon.  As of March 31, 2017, the Company had total assets of $873 million and operated fifteen branches in the communities of Grays Harbor, Pacific, Whatcom, Skagit, Clark and Wahkiakum counties in the State of Washington, and three branches in Clatsop County, Oregon.  The Company also operated loan production offices in the communities of DuPont and Burlington in Washington and Salem, Oregon.  Visit the Company’s website at www.bankofthepacific.com.  Member FDIC.

CONTACTS:
DENISE PORTMANN, PRESIDENT & CEO
DOUGLAS BIDDLE, EVP & CFO
360.537.4061

The Cereghino Group
IR CONTACT: 206-388-5785