Frontier Financial Corp. The parent company of Frontier Bank, announced strong third quarter earnings of $10.5 million, or $.56 per diluted share for the three months ended Sept. 30. This compares to earnings of $9.6 million for the third quarter of 2002, or $.50 per diluted share and represents a 12 percent increase in diluted earnings per share and a nine percent increase in new income over third quarter of 2002. This is the second consecutive quarter which Frontier’s net income exceeded $10 million.

Also, Bob Dickson, chairman of the board, announced the retirement of three longtime directors, David Dujardin, Roger Rice and Don Regan; the resignation of one director, Michael Corliss; and the election of John Dickson as a director.