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Timberland Bancorp, Inc. Announces Retirement Of Director Larry Goldberg And Appointment Of Parul Bhandari To Its Board

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HOQUIAM, Washington, July 27, 2021 (GLOBE NEWSWIRE) – Timberland Bancorp, Inc. (NASDAQ:TSBK) (“Timberland” or “the Company”), the holding company of Timberland Bank (“the Bank”) today announced that Parul Bhandari has been appointed to the Board of Directors of the Company and the Bank. Multiple sclerosis. Bhandari has been appointed to serve on the boards in place of Larry Goldberg who today announced his retirement from Timberland boards following reaching the required retirement age in Timberland.

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“Larry’s dedicated service and commitment to the company and the Bank during his 12-year tenure have been distinguished, and we express our sincere appreciation to him for his leadership and direction” provided to the company and the Bank’s management team, said John C. Parker, Chairman of the Board of Directors of the Company. We wish him the best during his retirement.”

Parul Bhandari drives strategy, technology and culture for growth, innovation and profitable scale. It is a leader in driving business growth and industry transformation through digital transformation powered by cloud, data, and artificial intelligence. Barol leads partner strategy for the global media and communications industry group at Microsoft. Previously, she was focused on driving data and artificial intelligence for the public sector around the world, driving partnerships across industries, and participating in global digital transformation initiatives. As a board member of the Kid Quest Museum in Seattle, Barroll promotes science, technology, engineering, mathematics (STEM) and art learning. Parol holds an MBA from McDonough School of Business, Georgetown University, and a BA from Northwestern College.

“We are excited to add Parul to the Timberland boards,” said Michael Sand, President and CEO of Timberland Bancorp. “She has a powerful and significant history of achievement in technology with significant experience in digital transformation. We look forward to Parol’s involvement in corporate governance and for her own guidance on technical issues critical to the effective implementation of technologies to drive innovation in product offerings and customer engagement within Timberland Bancorp.”

About company

Timberland Bancorp, Inc. , Inc., is the holding company of Timberland Bank (the “Bank”). The bank opened for business in 1915 and serves consumers and businesses across Grace Harbor, Thurston, Pierce, King, Kitsap and Lewis counties, Washington with a packed range of lending and deposit services through its 24 branches (including its head office in Hokwyam).


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