Timberland Bancorp, Inc. (the “Company”) and its financial institution subsidiary, Timberland Bank (“Bank”), announced that Michael R. Sand retired from the Chief Executive Officer positions at the Company and the Bank on January 31, 2023. Mr. Sand will continue to serve on the Boards of Directors of the Company and the Bank. As a result of Mr. Sand's retirement, Dean J. Brydon, age 56, was appointed as the Chief Executive Officer of the Company and the Bank, effective February 1, 2023.

Mr. Brydon has been affiliated with the Bank since 1994 and has served as President of the Company and the Bank since January 24, 2022. Mr. Brydon has served as the Chief Financial Officer of the Company and the Bank since January 2000. Previously Mr. Brydon had served as Secretary of the Company and the Bank from January 2004 to January 2022.

Mr. Brydon is a Certified Public Accountant.