4-4-2003
SPECIAL REPORT - BANKING & FINANCIAL SERVICES
New COO at Pacific NW Bank

Pacific Northwest Bancorp recently announced the appointment of David H. Straus to the position of President and Chief Operating Officer of the firm’s principal subsidiary, Pacific Northwest Bank. Patrick Fahey will continue as the Chairman and Chief Executive Officer of the Bank.

“Pacific Northwest Bank has grown to a size that I believe the time is right to split the Chief Executive Officer and Chief Operating Officer roles. I intend to say active on a full-time “plus” basis and will continue my role as Chief Executive Officer of both Pacific Northwest Bancorp and the Bank,” added Fahey.

In addition, the Company also announced the promotion of Joseph H. Ward as Executive Vice President and Chief Credit Officer of the Bank.