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- Banner Bank Announces Retirement of Chief Audit Executive Jim Garcia and Appointment of Scott Newman
Banner Bank Announces Retirement of Chief Audit Executive Jim Garcia and Appointment of Scott Newman
Slice of Finance Team
27 Jun
Key Highlights:
Jim Garcia retiring as Executive Vice President and Chief Audit Executive on July 15, 2024.
Scott Newman appointed as new Chief Audit Executive, starting today.
Newman brings 30 years of audit experience, with extensive leadership in banking and financial services.
Jim Garcia praised for fostering a culture of transparency and accountability.
Newman holds several professional certifications and is active in the Tacoma community.
Source (Business Wire)
Notable Quote
"Jim has been an invaluable member of our executive team and we have benefited in many ways from his time at Banner. Jim fostered a culture of transparency and accountability through his consistent, proactive reporting of all audit matters. His commitment to excellence and meticulous attention to detail have earned him the respect and admiration of our Board of Directors as well as his colleagues and industry peers. I’m confident Scott is an excellent fit for our Banner culture. He is well-regarded among industry peers as well as with regulators. He holds a deep commitment to developing relationships with business partners to find optimal solutions for all parties while never compromising ethics and objectivity."
Our Take:
The transition of leadership within Banner Bank's audit division marks a significant moment for the institution. Jim Garcia's retirement comes after a noteworthy tenure characterized by a commitment to transparency and accountability. His leadership set a high standard for the audit function within the bank, ensuring rigorous oversight and integrity. Scott Newman's appointment as the new Chief Audit Executive brings a wealth of experience and a robust set of professional credentials that bode well for Banner Bank's future. Newman's extensive background in various sectors of financial services, combined with his active community involvement and professional board appointments, positions him as a capable and visionary leader poised to continue and expand upon Garcia's legacy of excellence. This strategic transition highlights Banner Bank's dedication to maintaining strong, ethical governance and enhancing stakeholder confidence.