Timberland Bancorp, Inc. and Timberland Bank announced that Jonathan A. Fischer, age 49, who has been affiliated with the Bank since October 1997 and has served as Chief Operating Officer of the Company and the Bank since August 2012, was promoted to President and Chief Operating Officer of the Company and the Bank, effective February 1, 2023. Mr. Fischer has served as Secretary of the Company and the Bank since January 2022. Prior to that, Mr. Fischer had served as the Chief Risk Officer from October 2010 to January 2014.

The Company also announced that Pamela L. Nygaard, age 64, was promoted to Treasurer of the Company and the Bank. Ms. Nygaard has been affiliated with Bank since September 2019 and has served as the Assistant Treasurer of the Company and the Bank since then. Ms. Nygaard is a graduate of California State University and has an Executive MBA from Saint Mary's College.

Ms. Nygaard has 30 years of accounting and management experience. As a result of his appointment as the Chief Executive Officer, Mr. Brydon will also be appointed to the Boards of Directors of both the Company and Bank. Mr. Brydon will be not appointed to any committees as they are comprised solely of non-employee directors.