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Senior Management
Diane L. Dewbrey President & Chief Executive Officer
Diane Dewbrey joined Foundation Bank in May 2006 as President and COO, and in 2007 was named CEO. Prior to joining Foundation Bank, Diane had an extensive career spanning 18 years with Fifth Third Bancorp, headquartered in Cincinnati, Ohio. As the Director of Central Operations, she managed 4,000 employees ranging in areas of back office traditional loan servicing to call center – service and sales, to ATM and merchant support, operating in 4 major cities and 10 satellite sites. Her customer base was national and international. Her successes included developing and managing one of the foremost cash management centers in the Midwest focused on Lockbox, Merchant Services, Wire/ACH, Online Banking platforms, Cashiering, Check Clearing, Card Services (including gift card plastic production and marketing), and international foreign exchange. She graduated from Xavier University with a degree in Mathematics.
During her Cincinnati tenure she was actively involved in the community via the United Way, YMCA & YWCA. She has received several accolades and recognitions, professionally and in the nonprofit community, including the Cincinnati Enquirer Woman of the Year and a YWCA Career Woman of Achievement. Her ties to Washington originate from a 15 year connection to the Methow Valley.
Randy Cloes Chief Financial Officer
Randy Cloes joined Foundation Bank in 2005 as the Bank’s Chief Financial Officer. He has over eighteen years of banking experience in finance, lending and operational functions. Prior to joining Foundation Bank, he was the controller for a local commercial bank for six years. While there, he was responsible for building the accounting department from a small single location to one with 4 locations around the Puget Sound region. He also was responsible for internet banking and back office operations. Randy began his career working at U.S. Bank and was selected for the first management training program in the State of Washington. Randy obtained his Certification in Management Accounting in 2000 and is a member of the Institute of Management Accountants. Randy graduated from Western Washington University with a degree in Business and Finance.
Richard Deglman Chief Credit Officer
Richard Deglman has over 30 years of experience in various credit-related positions with West Coast-based banks. Most recently, Mr. Deglman was Executive Vice President and Chief Credit Officer for Las Vegas based Service 1st Bank of Nevada, where he was responsible for all credit quality, loan approval, stress testing and loan collection decisions.
Mr. Deglman has been in the banking industry serving in commercial real estate management and credit administrator roles both in Nevada and California before his role as Chief Credit Officer at Service 1st Bank in 2008. Service 1st was the subsidiary of Western Liberty Bancorporation, which was acquired by Western Alliance Bancorporation last month. Previously he was with Nevada State Bank, Silicon Valley Bank, Bank of America and Security Pacific Bank. He holds a Masters of Business Administration from St. Mary’s College and a Bachelor of Arts in Business Administration from San Francisco State University.
Board of Directors
Louis H. Mills Chairman
Louis H. Mills was elected to the board of Foundation Bancorp, Inc. and Foundation Bank in 2005. He serves as Chairman of the board for Foundation Bank and Foundation Bancorp Inc., as well as Chairman of the Bank’s Audit Committee. Mr. Mills is a Retired Partner from a regional CPA firm and has been serving on public and private company boards. He has served on the board of public financial institutions on their audit and compensation committees. Mr. Mills also is involved in real estate investment and business advising to closely held businesses. He is also a member in the American Institute of Certified Public Accountants and the Washington Society of CPAs.
Jamie Colbourne
Mr. Colbourne is currently the Chief Executive Officer of a food processing company in the Northwest that has distribution throughout the US and into Asia. He was born in Canada where he started his career in 1980 as a member of the Canadian Chartered Accountant Association and worked as an auditor in public accounting. In 1983, he transitioned to private industry in senior financial capacities with Coca Cola, Pepsi Cola, and Pillsbury in North America.
In the early 90’s, Mr. Colbourne purchased a food distribution business in the Pacific Northwest that he expanded into food manufacturing with national distribution in consumer products goods. He has spent the last twenty years of his career in retail, wholesale and manufacturing of consumer products goods. Mr. Colbourne’s former executive positions include: Chief Operating Officer of Triple B Corp in Seattle, Chief Executive Officer of Front Porch Classics in Seattle, President and Chief Executive Officer of Tully’s Coffee in Seattle and Chief Executive Officer and Owner of Specialty Frozen Products in Seattle.
E. Ronald Cohn
Ron Cohn is a founding director of Foundation Bank and a Director of Foundation Bancorp, Inc. He is the former Chairman of the board for Foundation Bank and Foundation Bancorp, Inc. He is the Owner and Chairman of Consolidated Restaurants. Consolidated Restaurants owns and operates restaurants in the Seattle area, including the Metropolitan Grill, Elliott's Oyster House, Steamers Seafood Cafes and The Wing Domes.
Mr. Cohn is a past president of Young President's Organization, past board member of the Washington Policy Center and current member of WPO.
Diane L. Dewbrey
Diane Dewbrey joined Foundation Bank in May 2006 as President and COO, and in 2007 was named CEO. Prior to joining Foundation Bank, Diane had an extensive career spanning 18 years with Fifth Third Bancorp, headquartered in Cincinnati, Ohio. As the Director of Central Operations, she managed 4,000 employees ranging in areas of back office traditional loan servicing to call center – service and sales, to ATM and merchant support, operating in 4 major cities and 10 satellite sites. Her customer base was national and international. Her successes included developing and managing one of the foremost cash management centers in the Midwest focused on Lockbox, Merchant Services, Wire/ACH, Online Banking platforms, Cashiering, Check Clearing, Card Services (including gift card plastic production and marketing), and international foreign exchange. She graduated from Xavier University with a degree in Mathematics.
During her Cincinnati tenure she was actively involved in the community via the United Way, YMCA & YWCA. She has received several accolades and recognitions, professionally and in the nonprofit community, including the Cincinnati Enquirer Woman of the Year and a YWCA Career Woman of Achievement. Her ties to Washington originate from a 15 year connection to the Methow Valley.
Paul Ellingson
Paul Ellingson is a founding director of Foundation Bank and Foundation Bancorp, Inc. He currently serves as Chairman of the Compensation and Governance Committee. Mr. Ellingson is President & CEO of Bargreen-Ellingson, Inc. and Specialty Wood Manufacturing, Inc., headquartered in Tacoma, Washington. Bargreen-Ellingson is the largest foodservice equipment supplier in the Western United States. Mr. Ellingson has his B.A. in Business from the University of Washington. He has served on the Metro Board of the YMCA, Board of Trustees for Charles Wright Academy and is currently on the Board for the Washington Restaurant Association, and is a trustee for the Tacoma Lutheran Home. He is also the Chairman for IFED (International Foodservice Equipment Distributors, Inc.) In addition, he has served as the President and Chairman of the Board for the Food Equipment Dealer Association, better known as FEDA.
Robert J. Pfau
Robert J. Pfau is a founding director of Foundation Bank and a director of Foundation Bancorp, Inc. He retired from U.S. Bank in 1999 after a 35-year career. He has a strong background in all facets of lending and has held the positions of Branch Manager and Credit Administrator. During his final ten years at U.S. Bank, Mr. Pfau served as Senior Vice President and Team Leader for its Seattle Metro Corporate Banking division.
Walter E. Schoenfeld
Walter E. Schoenfeld was appointed to the board of director of Foundation Bancorp, Inc. and Foundation Bank in 2004. He served as Chairman of Vans, Inc., from 1996 until the sale of the company in June 2004. He served as Vice President and Director of the Seattle Sonics parent company from 1968–1979 and was a General Partner of the Seattle Mariners from 1976-1983. Mr. Schoenfeld was Chairman of Schoenfeld Industries from 1971-1982 and Schoenfeld Group from 1983-1996. In addition, he has previously served on the Board of Reading Railroad, Sunshine Mining and several other public companies.
Mr. Schoenfeld presently serves as a Trustee on the Board for the Barbara Sinatra Children's Center at Eisenhower, Rancho Mirage, and for the Weizmann Institute of Science in Rehovot, Israel. Other civic involvement has included serving on the Boards of PONCHO, ACT Theatre, Seattle Chamber of Commerce, Temple De Hirsch Sinai, and as a Trustee of the Seattle Foundation and the Chairman of the Northwest Kidney Center.
H. Martin Smith III
H. Martin Smith, III (Mickey) is a founding director of Foundation Bank and a director of Foundation Bancorp, Inc. He currently serves as the Chairman of the Bank’s ALCO Committee. Mr. Smith is a Principal of Martin Smith Inc. Martin Smith Inc is one of Seattle's premier commercial real estate investment companies specializing in office building and industrial properties. With over 2 million square feet under ownership/management including over 250 tenants, Martin Smith Inc holds a leading position in the Northwest commercial real estate marketplace.
Mr. Smith joined Martin Smith Inc in 1974. In 1986, he became President. In addition, Mr. Smith serves as Managing Partner for numerous entities that are invested in commercial real estate. He is a sixth generation Seattleite whose family came to Seattle in the 1860s. While attending the University of Washington he majored in Business Administration. Mr. Smith is a Director of the Matthew G. Norton Company, owners of the Norton Building and numerous industrial properties in the Puget Sound region, and is a Board Member of the Pacific Regent Condominiums, a retirement community located in Bellevue, Washington. He is a past trustee of the Downtown Seattle Association (DSA) and has been a member of the Board of Trustees of the Seattle Housing Resources Group (SHRUG), the Seattle Chapter of the Rotary Club, a Trustee of the Building Owners and Managers Association (BOMA), a Board Member of the Downtown Seattle YMCA and a Trustee of the Commercial Brokers Association (CBA).
Leonard Wilkens
Leonard Wilkens was elected to the board of Foundation Bancorp, Inc. and Foundation Bank in 2006. “He is the all-time coaching wins leader without ever coaching a Hall of Fame player in his prime or at his best. It may be the most remarkable record in sports. It can be argued no one has done more with less in NBA history than Lenny Wilkens. He doesn't shout for attention or demand it; he earns it with results, which is the way it should be.” (from Sam Smith, ESPN).
A graduate of Providence College with a B.A. in Economics, he went on to be a first round NBA draft pick of the St. Louis Hawks. Throughout his distinguished career in the NBA as a player and coach for the following teams: Seattle Supersonics, Portland Trail Blazers, Cleveland Cavaliers, Atlanta Hawks, Toronto Raptors, and the New York Knicks, he has earned various awards, recognitions and achievements. Coached Seattle Supersonics to World Championships – 1978-1979, NBA Hall of Fame Player – 1989, NBA Coach of the Year – 1994, coached the USA Basketball Dream Team to the gold medal in the Atlanta Olympic Games – 1996, and NBA Hall of Fame Coach – 1998.
Mr. Wilkens’ community involvement includes NBA Stay in School Program, Odessa Brown Children's Clinic, Arthur Ashe Foundation, March of Dimes, Make a Wish Foundation and Lenny Wilkens’ Scholarship Fund.
