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Bank of the Pacific names new CEO

As of Jan. 1, Twin Harbors native Denise Sexton Portmann is the new CEO and President of Bank of the Pacific, the first woman in the post. And at 40, Portmann is also among the bank’s youngest executives.

Portmann has 18 years of experience in banking and public accounting. For the moment, she is still in offices she occupied as chief financial officer and executive vice president, a title she had held since 2004. She will continue to do that job until her replacement is found in the next 30 to 45 days. Then she will move to an office next to the one she has now in the SouthShore Mall.

Bank of pacific operates 19 branches in western Washington and nortwest Oregon. One of those is in Montesano.

As CEO and president of the bank, Portmann takes over her new title from Dennis Long, who remains as CEO and president of Pacific Financial Corp., the bank’s holding company.

As CFO, she has been responsible for all accounting and financial functions of the bank and managed a $100 million investment portfolio. She has been involved in all aspects of strategic planning and operations of the bank.

“After working side-by-side with Denise over the last 12 years, we know that her broad experience and proven leadership in the financial services industry will make her an exceptional CEO,” said Long “We have every confidence that she will continue to make a significant contribution to the success we have already achieved over the last few years.”

Raymond born and raised, Portmann graduated from Willapa Valley High School in 1991. She is married to Class of 1992 Willapa graduate, Andy Portmann, who owns and operates Portmann Dairy farm with his parents. The Portmanns live on the farm, about 12 miles from Raymond near Lebam, where 175 cows of a herd of 300 Holsteins are milked each day.

She graduated from Central Washington University in 1995 with a degree in accounting. As a CPA, she worked for a public accounting firm in Tacoma, where the Bank of Pacific was one of the clients she audited. She came to work for Bank of the Pacific as treasurer in 2001.

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