Leadership for the consolidated bank will be headed by Thomas Giovanelli, who will serve as the chairman, president and CEO of the consolidated bank. Joining Mr Giovanelli on the executive management team are Robert Ittes, who will serve as district president of King County; Michael Hansch, who will serve as community president of Tacoma; Mal Harding, who will serve as community president of Everett; John Williams, who will serve as chief credit officer; and Annetta Mirabella, who will serve as chief operations officer.
Joseph Reid, chairman and CEO of Capitol, said: “We are pleased to join our four affiliates in the Puget Sound region. The synergies resulting from this consolidation will create new operational efficiencies and allow the bank to allocate capital more effectively.”
Mr Giovanelli said: “We are committed to ensuring that our customers are not impacted by the consolidation. I am confident that the Bank of the Northwest will continue to exceed our customers’ expectations with the same high-quality service they have grown to expect.”
