Foundation Bancorp named Richard Deglman the new Chief Credit Officer of Foundation Bancorp Friday. Effective Nov. 19, Deglman will oversee all credit functions at the bank.

As the former executive vice president and chief credit officer for Service 1st Bank of Nevada, Deglman has more than 30 years of experience in various credit-related positions. Prior to his time with Service 1st Bank, Deglman worked in the banking industry servicing in commercial real estate management and credit administrator roles.

"As a member of the executive management team, I expect Richard's credit knowledge and experience to significantly benefit Foundation," said Diane Dewbrey, President and CEO. "His experience in sustaining credit quality and enhancing profitability will play a major role as we continue to grow."

Washington-based Foundation Bancorp is a bank holding company that operates Foundation Bank, a full service, state chartered commercial bank.