On January 24, 2022, Timberland Bancorp, Inc. (the Company) and Timberland Bank (the Bank) announced that, effective January 24, 2022, Michael Sand will begin preparing for his transition into retirement from his position as President of both the Company and the Bank.  Mr. Sand plans to retire on January 24, 2023 and plans to continue to serve on the Boards of Directors of both the Company and the Bank after his retirement. Effective January 24, 2022, Executive Vice President and Chief Financial Officer Dean Brydon will be promoted to the position of President for both the Company and the Bank. Mr. Brydon currently holds the position of Executive Vice President and Chief Financial Officer of the Company, a position that he has held since January 2000.  Mr. Brydon will continue to hold the position of Chief Financial Officer until January 2023.

Jonathan Fischer, currently holds the position of Chief Operating Officer, a position he has held since August 23, 2012.  Mr. Fischer will be appointed as the Corporate Secretary of the Company and the Bank on January 25, 2022 to replace Mr. Brydon who currently serves in these positions.