PBCO Financial Corporation announced the upcoming retirement of Ken Trautman, Co-Founder, effective July 1, 2023. Mr. Trautman will remain on the Board of Directors for the Company and the Bank. Mr. Trautman started the Bank with Co-Founder Mike Sickels in 1998 in response to the numerous mergers that took place in the southern Oregon market that had notably reduced a local community banking presence.

Under Mr. Trautman's leadership, the Bank has grown from seven employees in one Medford location to over 140 employees in eleven offices serving ten communities with assets of over $800 million. Ms. Julia Beattie will join the Board of Directors for the Company and the Bank. Ms. Beattie has been with the Bank since 2013 and has more than 30 years of experience in the financial services industry, including the last three years as the Bank's president.

Ms. Beattie received her Business Administration degree from Baylor University and her MBA from the University of Texas. She is an honors graduate of Pacific Coast Banking School, Seattle and currently serves on the board of the Community Bankers of Oregon.