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People & Companies

Mar 15, 2024

Port of Bremerton

The Port of Bremerton hired Cole Barnes as the airport manager for the Bremerton National Airport. Barnes will begin his new position on April 8th. Previously, he an airport operations specialist at the Southwest Oregon Regional Airport. Barnes graduated from Central Washington University with a degree in aviation management and is currently working on his master's degree from Embry Riddle Aeronautical University in aeronautics with a specialty in sustainability. Cole has a commercial pilot's license from the Big Bend Community College. With the addition of Cole, Bremerton National Airport will continue to facilitate a relationship with the FAA, and secure funds to make the necessary improvements to the airfield.

Jensen Investment Management

Jensen Investment Management, a 100% employee-owned active equity investment management firm, added Phil Bennett and Sarah Stevens as its newest employee shareholders. Bennett joined Jensen in July 2022 as director of institutional sales and client service, and has a track record in client services roles at asset management companies. He previously spent four years at Thornburg Investment Management where he served as regional director for Western United States and Canada. Before that he spent nearly five years at Mellon Capital. Stevens is a manager in the private client business. She joined Jensen in 2015 and has 20 years of experience in administrative support roles at law, engineering and financial firms. Additionally, Philomena Ferree and Sarah Doxsee are adding to their ownership positions in the firm. Philomena is a manager in the private client business, and Doxsee is a compliance officer. Jensen is headquartered in Lake Oswego, Oregon.

Bellevue College Foundation

The Bellevue College Foundation recently raised nearly $400,000 at its annual gala. The Bellevue College Foundation is a nonprofit organization that manages grants, endowments, and gifts to aid Bellevue College in a variety of projects and scholarships, ensuring students from diverse backgrounds can achieve their academic goals. Dana Gray is the chair of the Bellevue College Foundation's Board of Directors, and Melissa Johnson is the Foundation's executive director. Funds raised at the gala will go toward many initiatives, including the Foundation's scholarship programs, which will award over $700,000 in the 2023-24 academic year. Additionally, the Safety Net program will continue to offer crucial short-term aid to students in need.

Mar 14, 2024

PCC Community Markets

Spear

PCC Community Markets named David Spear vice president of merchandising, promotions and sourcing. He now leads the merchandising team that sources PCC's product offerings with a dedication to fresh, organic, seasonal food that is sustainably sourced from over 800 local producers, farmers, ranchers, and fishers. He also holds a crucial role in shaping PCC's promotional go-to-market strategy, store experience, and the co-op's private label and pricing strategy. Spear has worked in food retail for more than 20 years, navigating a diverse range of roles that span merchandising, procurement, and operations. He comes to PCC following nearly 16 years at Whole Foods Market, most recently in the role of executive leader of operations. Prior to Whole Foods Market, Spear spent five years at the Chicago-based gourmet grocer, Fox & Obel Market. The addition of Spear to the co-op follows three other top leaders that joined PCC in 2022 to form a leadership team that is two-thirds represented by women at the helm. Founded in Seattle in 1953, PCC Community Markets is a certified organic retailer, and operates 15 neighborhood grocery stores in the Puget Sound area.

Frazier Healthcare Partners

Frazier Healthcare Partners has completed its acquisition of RevSpring, a provider of end-to-end communication and payment solutions servicing healthcare and financial services companies, from private equity firm GTCR. Frazier is joined in the transaction by NEA, 22C Capital, and RevSpring's senior leadership team. RevSpring helps customers accelerate revenue and increase engagement through an intelligent digital platform that includes omnichannel communication, payments, and analytic tools. Morgan Stanley and TripleTree acted as co-lead financial advisors to RevSpring, and William Blair acted as financial advisor to Frazier. Kirkland & Ellis served as legal counsel to RevSpring, and Goodwin Proctor served as legal counsel to Frazier. Founded in 1991, Frazier Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. Frazier is headquartered in Seattle, and invests broadly across the U.S., Canada, and Europe. RevSpring is headquartered in Nashville.

Syncro

Seattle-based Syncro, a B2B SaaS company serving the managed services provider (MSP) industry, appointed Tim Lasonde as channel chief. Lasonde is replacing Ian Alexander, co-founder of Syncro, who will remain with the company as a strategic advisor. Bringing more than two decades of MSP industry expertise, Lasonde has held various roles from technician to president and COO of NSK. His guidance culminated in the successful acquisition of NSK by Focus Technology. After the acquisition, Lasonde assumed the role of senior vice president of managed services at Focus Technology. As channel chief Lasonde will spearhead strategic development initiatives, while fostering enhanced communication and collaboration with channel partners.

Mar 13, 2024

Sound Credit Union and Washington Business Bank

Sound Credit Union, a not-for-profit financial institution serving Washington State, and Washington Business Bank, a commercial bank headquartered in Olympia, have entered into a definitive agreement in which Sound Credit Union will acquire Washington Business Bank. The transaction is structured as a purchase agreement with Sound Credit Union purchasing substantially all assets and assuming substantially all liabilities of Washington Business Bank. Washington Business Bank customers will become members of Sound Credit Union with full access to all Sound Credit Union's products and services. The transaction has been unanimously approved by the boards of directors of both institutions. Following the completion of the transaction, Washington Business Bank will liquidate and dissolve and distribute its remaining assets to its shareholders. When finalized, the combined institution will have approximately $3.0 billion in assets, $2.3 billion in loans, $2.5 billion in deposits, serve more than 170,000 members, and will have 27 branches throughout King, Pierce, Snohomish, and Thurston Counties. The transaction is expected to be completed in the fourth quarter of 2024, subject to receiving all regulatory approvals, Washington Business Bank shareholder approval, and other customary closing conditions. Once complete, Sound Credit Union will continue to operate Washington Business Bank's current location in downtown Olympia at 5th Avenue and Franklin Street. Sound Credit Union was advised in the transaction by ALM First as exclusive financial advisor and Honigman, LLP as legal counsel. Washington Business Bank was advised by D.A. Davidson & Co. as exclusive financial advisor and Lane Powell as legal counsel.

Symetra

Symetra Financial Corporation received a 2024 Diversity, Equity & Inclusion Award from the Bank Insurance & Securities Association (BISA), which annually recognizes the successful diversity efforts of organizations from the financial services industry. The BISA award recognizes member firms that demonstrate outstanding leadership, innovation, and results in diversity management. It aims to promote the sharing of effective diversity strategies and tactics that create an impact within the industry as well as encourage and promote active participation by senior management in diversity efforts across the industry. BISA is a financial services industry association dedicated to serving those responsible for the marketing, sales and distribution of securities, insurance, and other financial products and advisory services. Symetra is a diversified financial services company based in Bellevue, providing employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent financial professionals and insurance producers.

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