On December 17, 2014, Dennis A. Long, President and Chief Executive Officer of Pacific Financial Corporation notified the company of his decision to retire from the company, effective June 1, 2015. While a successor has not been appointed at this time, the company does have a succession plan to ensure there is no business interruption created by any executive departure.

On December 19, 2014, the company announced that its board of directors declared a cash dividend in the amount of $0.21 per share to all shareholders of record as of January 2, 2015, payable on January 15, 2015.