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Jocelyn Lane Joins Foundation Bank as Executive Vice President/Market President

BELLEVUE, Wash., Sept. 24, 2014 (GLOBE NEWSWIRE) -- Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today announced that Jocelyn Lane is now Executive Vice President and Market President, where she will lead marketing and sales for all commercial and private banking efforts. Lane will be directly responsible for developing and implementing a business strategy that emphasizes full relationship business development; recruiting and managing the sales and business team; and ongoing portfolio management of a diverse portfolio of Commercial & Industrial, Commercial Real Estate, SBA and other types of loans.

"Jocelyn brings a high level of relationship business development knowledge to our team, and we are delighted to have her on board," said Diane Dewbrey, President and CEO. "We continue to reach out to the communities we serve, and Jocelyn will be playing a key role as we develop our market presence and expand our commercial and private banking divisions."

Lane is an experienced professional in lending and business development, who concentrates on building and enhancing strong relationships with community associations, property managers, CPAs, attorneys, medical professionals, affluent investors, manufacturers, wholesalers and distributors. As such, Lane understands the financial needs of business people. She is best recognized for her ability to demonstrate flexibility in meeting client expectations, strong portfolio management in both the lending and asset arena, and establishing and expanding those relationships. In addition to being a solid leader, Lane has strong communication skills from extensive training.

Prior to joining Foundation Bank, Lane was the EVP, Palm Beach County CEO for Gulfstream Business Bank and earned numerous awards and recognition by developing relationships, exceeding goals and driving initiatives. Lane has over 20 years of banking experience and brings a wealth of knowledge to her position.

Lane graduated from the University of Florida, Gainesville with a Bachelor of Arts in Communications and graduated from the University of South Florida, Tampa with a Master of Arts in Communications, both graduating magna cum laude. She also attended Graduate School of Banking at the University of Virginia, Charlottesville, the Commercial Lending School, American Banker's Association and Risk Management Academy (RMA); and Graduate School of Bank Investments and Financial Management at the University of South Carolina, Columbia. Additionally, Lane holds several certifications including her Community Managers Association license.

About the Company

Foundation Bancorp (FDNB) is a bank holding company based in Bellevue, Washington, that operates Foundation Bank, a locally-owned, full service, state chartered commercial bank. Foundation Bank has been serving the greater Puget Sound region since 2000.

Safe Harbor Statement. This release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices; levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Randy Cloes, EVP & CFO 425 691 5014 www.foundationbank.comSource:Foundation Bancorp