Washington State Department of Financial Institutions

News Release

Wednesday, April 19, 2006

FOR IMMEDIATE RELEASE:

DFI Appoints New Director of Banks

OLYMPIA, WA - Today, the Director of Department of Financial Institutions (DFI), Scott Jarvis, announced the appointment of Brad Williamson as DFI's Director of the Division of Banks.

"Brad's proven leadership skills and reputation as a forward thinker will be an asset to the department. He is a strong advocate of the Washington state charter," stated Director Jarvis. "I am confident Brad will continue DFI's tradition of promoting competitive financial systems that enhance economic vitality."

Mr. Williamson brings extensive federal and state banking regulatory experience to the department. He was most recently employed as Managing Director for RSM McGladrey, and was Senior Vice President for Phoenix Savings Bank. Previously, he worked in a supervisory role with the Federal Deposit Insurance Corporation and as the Program Manager responsible for the bank examinations at DFI. He holds a Bachelor of Science degree in Administration/Finance from California State University and is a graduate of the Pacific Coast Banking School, University of Washington campus.

# # #

About DFI's Division of Banks
The Division of Banks was organized in 1907 and was incorporated into the Department of Financial Institutions in 1993. The division supervises commercial banks, trust companies, savings banks, savings and loan associations, and alien banks incorporated under Washington State laws. It seeks to ensure the protection of depositors, borrowers, shareholders, and consumers by examining state chartered institutions for safety and soundness. For more information, visit DFI's website: www.DFI.wa.gov

Industry Facts:

Contact:

Scott Kinney, Director of Communications, 360-902-0517 or via email at skinney@dfi.wa.gov.
DFI