Skip to main content

1st Security Bank Announces Chief Lending Officer Succession Plan

Written by Customer Service on . Posted in Public Companies.

MOUNTLAKE TERRACE, Wash., April 11, 2023 (GLOBE NEWSWIRE) — 1st Security Bank of Washington has named Ben Crowl to succeed Dennis O’Leary as Chief Lending Officer (“CLO”), effective July 1, 2023. Crowl currently serves as Senior Vice President, Director of Consumer Lending. He previously served the Bank as Senior Vice President, Commercial Lending Team Lead.

Dennis O’Leary has served as the Bank’s CLO since 2013. “Dennis has been instrumental in guiding the Bank’s growth from $285 million in assets at December 31, 2011, the year he joined the Bank, to $2.63 billion at December 31, 2022. I can’t imagine where we would be today without Dennis’s talent and contributions,” said 1st Security Bank CEO Joe Adams. “In true Dennis style, the succession timing was his idea. Some time ago Dennis asked me if our Board would consider him stepping back into his original role as SVP Director of Commercial Real Estate and Construction Lending. Dennis mentioned a desire for more time with his family after ten years as CLO. The Board and I viewed this as a ‘win-win’ for both the Bank and Dennis. In this new capacity, Dennis will not only be able to pursue his passion for commercial real estate and construction lending, but also be able to assist Ben in his new CLO role. It is rare a newly appointed executive like Ben has the support and guidance of an ‘on-site’ mentor like Dennis. We are excited for Dennis, Ben and the Bank.”      

Ben joined the Bank in 2018 and has more than 15 years of diverse experience in the banking industry, including many years as a commercial lender, team lead, and relationship manager. After beginning his career as a college intern at a local community bank in La Jolla, California, Ben found a passion for business banking and serving businesses and consumers alike.

“I am thrilled that Ben has the opportunity to succeed me in the CLO role,” said Dennis O’Leary, Chief Lending Officer. “Ben has proven his leadership abilities in multiple managerial roles at the Bank, each time showing his unwavering commitment to our employees, customers, communities and Core Values.”

Ben currently serves on the Bank’s Asset/Liability, Asset Quality and Marketing committees. Ben also holds a Bachelor of Science in Business Administration from Northern Arizona University with a specialty in marketing and advertising. He is an honors graduate of Pacific Coast Banking School, a graduate school for banking held at the University of Washington. Ben has an Executive Leadership Certificate in Organizational Leadership from the University of Washington’s Michael G. Foster School of Business.

Inspired by the power of community involvement, Ben has served on several nonprofit boards throughout his career and finds deep satisfaction in being able to use the skills he has developed in banking to give back and help others.

Media Contact:

Camberly Gilmartin
AVP Marketing Manager
1st Security Bank
Camberly.Gilmartin@fsbwa.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.