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Foundation Bank in Bellevue, Wash., has taken a $2.9 million charge tied to a fraudulent loan and plans to report a quarterly loss later this week.
August 4 -
Foundation Bancorp in Bellevue, Wash., has sold $15 million of convertible preferred stock in a private offering.
March 27
Foundation Bancorp in Bellevue, Wash., is searching for a new chief executive.
The $434 million-asset company said in a press release Tuesday that Diane Dewbrey resigned a day earlier "to pursue other interests."
Duane Woods, Foundation's vice chairman, was named interim CEO as the company searches for a permanent successor. He is a retired executive of Waste Management Inc.
Dewbrey joined Foundation in 2006 as president and chief operating officer. She became CEO a year later.
