Michael Reynolds will step down in the second quarter.
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Pacific Continental Corp chief financial officer Michael Reynolds will step down in the second quarter, the company announced last week.
The Portland Business Journal reported on the 2013 CFO of the Year’s decision to retire:
“Mick has been an instrumental part of Pacific Continental’s success through both good times and challenging times, and his financial expertise and management acumen are widely recognized in our industry,” said CEO Roger Busse, in an email. “Further, he has been a good friend and trusted adviser to our entire leadership team and board of directors. I can think of no one more deserving of retirement with his family and grandchildren than Mick Reynolds.”
Reynolds previously worked for First Interstate Bank and U.S. Bancorp. The bank said it will immediately begin a search for his replacement.
Pacific Continental Corp. is the parent company of Pacific Continental Bank, which is the third-largest in Oregon.
READ ON: In the March issue of Oregon Business, Pacific Continental Bank’s CEO Roger Busse and other bank executives discuss “the regulatory, technology and market trends driving banking, and how they are repositioning their companies in an industry known for being staid and slow moving.”