PORT ANGELES — First Fed announced this week that President and CEO Matthew Deines will step down from his role effective tomorrow, ending a six-year tenure leading the Port Angeles-based community bank.
Chief Operating Officer Geraldine Bullard will assume the role of Interim CEO on July 13 while continuing as COO. The company’s board has engaged an executive search firm to identify a permanent successor.
Deines has led First Fed since 2019, overseeing its continued expansion across Western Washington. The leadership change was described as a mutual decision between Deines and the board.
Bullard has served as COO since October 2023 and previously held the role of Chief Financial Officer. She joined First Fed in 2020 as Senior Vice President and Treasurer and brings extensive experience from previous leadership roles at Salal Credit Union, First Sound Bank, and Sound Community Bank. She is a licensed CPA and a graduate of the Pacific Coast Banking School at the University of Washington.