This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Timberland Bancorp Hires Ed Foster As Chief Credit Officer; Announces Promotions Of Drugge, Norawong, And Pifer

Timberland Bancorp, Inc. (NASDAQ:TSBK) (“Timberland” or “the Company”) today announced the hiring of Ed Foster as Chief Credit Officer, who is replacing Michael Scott following his retirement. In addition, Bob Drugge has been promoted to Executive Vice President of Community and Commercial Lending, John Norawong is now Chief Operating Officer and Richard Pifer has been promoted to Regional Manager of Community Lending.

“We welcome Ed to our senior management team and look forward to working with him to expand our lending operations,” said Michael R. Sand, President and CEO. “His many years of experience managing community bank loan departments, as well as his regulatory expertise, will enhance our management team. In addition, Bob, John and Richard have long tenures with Timberland and are exceptionally capable leaders.”

Most recently, Ed Foster served as an examiner with the Federal Deposit Insurance Corporation (FDIC). Foster has spent the majority of his career in banking beginning in the proof department and progressing to chief credit administrator. He has worked in all areas of credit management during his banking career. A graduate of Western International University, Foster earned his Bachelor of Science degree in Management and his Master’s in Business Administration in Finance. He is also a graduate of the Pacific Coast Banking School at University of Washington.

Bob Drugge has been promoted to lead the Community and Commercial Lending division of the bank. Drugge joined Timberland in 2006 and has more than 37 years in banking. Drugge earned his Bachelor’s degree in Business Administration from the University of Washington, majoring in accounting. He is also a graduate of the Pacific Coast Banking School. Born and raised in Hoquiam, Washington, Drugge currently serves on the Franciscan Foundation finance committee and has served on the boards of City of Puyallup Parks and Recreation, Comprehensive Mental Health, Red Cross, World Trade Center, Puyallup Cal Ripken Baseball, YMCA and many other community organizations.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs