PBCO names successor as COO announces retirement in march 2026

PBCO Financial Corporation (OTCPK: PBCO) announced that Chief Operating Officer Steve Erb will retire March 16, 2026, after serving the company and its subsidiary People's Bank of Commerce for 11 years.

Erb joined the bank in January 2014 and held positions including Chief Banking Officer and Chief Strategy Officer before becoming Chief Operating Officer. The company stated the information in a press release.

Nikki Hoffman, currently Senior Vice President and IT Director, will succeed Erb as Chief Operating Officer of the bank effective January 1, 2026. Hoffman has worked at People's Bank since 1998 in various roles including commercial lending, operations support, and IT department director.

"We honor Steve, whose lifelong dedication to banking and leadership with People's Bank over the past 11 years has strengthened our organization and earned him the respect of colleagues, community members, and industry leaders," said Julia Beattie, President and CEO.

PBCO Financial Corporation serves as the holding company for People's Bank of Commerce, based in Medford, Oregon.

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