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December 01, 2015 12:15 PM ET


Company Overview of Foundation Bank

Company Overview

Foundation Bank, a state charted bank, provides banking services for small to mid-size companies in the Puget Sound area. It offers personal banking solutions, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit; and personal credit products and services, such as home equity loan or line of credit, executive line of credit, bridge loans, and custom construction loans. The company also provides business banking products and services that include checking, savings, and money market accounts, as well as certificates of deposit; and business credit solutions, such as commercial loans and lines of credit, commercial real estate loans, ...

1110 112th Avenue NE

Suite 100

Bellevue, WA 98004

United States

Founded in 2000





Key Executives for Foundation Bank

Vice Chairman and Interim Chief Executive Officer
Age: 63
Chief Financial Officer and Executive Vice President
Market President and Executive Vice President
Chief Credit Officer
Age: 71
Compensation as of Fiscal Year 2015.

Foundation Bank Key Developments

Foundation Bank Announces Management Change

Foundation Bank announced that Chief Executive Officer Diane Dewbrey has informed the Board of Directors that she will be resigning to pursue other interests. Chairman of Foundation Bank, Lou Mills announced that CEO Diane Dewbrey will be leaving the bank effective October 19, 2015. During the search for a replacement, Duane Woods, Vice Chair and Director of the Bank, has agreed to serve as Interim CEO. Woods is retired from his post as SVP for Waste Management Inc.'s Western US and Canadian operations. He serves on a number of boards and consults with companies and senior management in several industries.

Jocelyn Lane Joins Foundation Bank as Executive Vice President and Market President

Foundation Bancorp Inc., the holding company for Foundation Bank, announced that Jocelyn Lane is now Executive Vice President and Market President, where she will lead marketing and sales for all commercial and private banking efforts. Lane will be directly responsible for developing and implementing a business strategy that emphasizes full relationship business development; recruiting and managing the sales and business team; and ongoing portfolio management of a diverse portfolio of Commercial & Industrial, Commercial Real Estate, SBA and other types of loans. Prior to joining Foundation Bank, Lane was the EVP, Palm Beach County CEO for Gulfstream Business Bank and earned numerous awards and recognition by developing relationships, exceeding goals and driving initiatives. Lane has over 20 years of banking experience and brings a wealth of knowledge to her position.

Duane C. Woods Joins the Board of Directors of Foundation Bancorp, Inc and Foundation Bank

Foundation Bancorp, Inc., the holding company for Foundation Bank, announced that Duane C. Woods has joined its Board of Directors and the Board of Directors of the Bank, effective November 20, 2013. Mr. Woods has been associated with the Bank since its beginning, as a founding investor. Foundation now has nine outside directors serving on its board. Woods recently retired as Senior Vice President for Waste Management Inc. in North America with over $14 billion in annual revenues.

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