Pacific Financial Corporation, the holding company for Bank of the Pacific, announced that Gary Forcum has retired as Chairman and voting director of both the Bank and the holding company. At the same time, its Board of Directors named Randy Rognlin to serve as Chairman of the Board, succeeding Forcum. This appointment was approved at the recent Annual Meeting of Pacific Financial Corporation. Randy Rognlin has served on the board as Vice-Chairman for 3 years and has served as an independent director for 15 years.