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November 18, 2025

PBCO Financial Corp.

PBCO Financial Corp., the holding company of People's Bank of Commerce, announced that Steve Erb, chief operating officer of the company and bank will retire in March 2026. Erb joined the bank in January 2014, serving as chief banking officer, chief strategy officer, and most recently as chief operating officer. Erb will be succeeded by Nikki Hoffman, senior vice president and IT director, who will step into the role of chief operating officer of the bank on Jan. 1, 2026. Hoffman has worked at People's Bank since 1998, with prior roles in commercial lending, operations support, and most recently as director of the bank's IT department. PBCO is based in Medford, Oregon.




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