EVERETT, Wash., (Industry NEWSWIRE) — Seaside Monetary Agency (Nasdaq: CCB) (the new “Company”), the newest carrying company having Seaside Neighborhood Lender (the newest “Bank”), established the fresh hiring regarding Jeff Ketelhut , Adult cams, given that Executive Vice president and you may Financial Privacy Act (BSA) Officer. Within role, Ketelhut is responsible for development, implementing, and you may enforcing Coastal’s BSA compliance program and you can complimentary that have state and you may government authorities on these things.
“Jeff’s book experience in antique financial, Financial as the a help, and as a regulating checker gives him a robust knowledge of financial laws, guidelines, and operations. Their systems has BSA, anti-currency laundering steps, and total compliance,” told you Andrew Stines, Head Exposure Administrator for Coastal. “The guy joins an already strong people and can add another level regarding supervision and you will guidance.”
They are a certified Anti-Currency Laundering Pro (CAMS) and you can obtained a good bachelor’s training inside Economics regarding the College of Southern area Dakota.
“I am happy to participate Seaside while they consistently augment an already robust conformity supervision program for both the neighborhood lender and you will CCBX,” said Ketelhut. “Seaside aims to own a powerful commitment that have compliance in every areas of the financial institution, i am also excited getting an element of the proceeded creativity with the cooperation.”
The fresh new Bank’s CCBX department will bring financial since a help (“BaaS”) enabling the representative-dealer and you may electronic financial provider people giving their clients banking features
Regarding Seaside Economic Organization Coastal Monetary Firm (NASDAQ: CCB), is an Everett, Washington-built Financial carrying organization which have Coastal Community Bank (the latest “Bank”), an entire-services commercial lender, as the sole entirely-possessed banking part. The financial institution operates fourteen branches during the Snohomish, Area, and you will King Areas, online and as a result of cellular financial. By , we had full possessions of $dos.83 billion, total terrible money out of $1.96 million, complete dumps away from $2.58 million, and you can overall shareholders’ guarantee out-of $207.9 mil. More resources for Seaside Area Financial check out coastalbank . Associate FDIC.
In advance of joining Coastal, Ketelhut is actually Vice-president away from Conformity getting MetaBank, and was a national Financial Examiner towards the Work environment of your Comptroller of the Currency (OCC)
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