---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-23-000002"
form_type: "8-K"
ticker: "TSBK"
cik: "0001046050"
company_name: "TIMBERLAND BANCORP INC"
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:10:09.993054+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Timberland Bancorp announces retirements of CLO and CCO, names successors

## Summary
- Chief Lending Officer Robert Drugge to retire March 31, 2023; replaced by Matthew DeBord.
- Chief Credit Officer Ed Foster to retire Dec 31, 2023; replaced by Todd Van Cise.
- Carol Duris promoted to Commercial Bank Team Leader for Pierce, King, Kitsap County markets.

## SEC filing metadata
- accession: 0000939057-23-000002
- form_type: 8-K
- ticker: TSBK
- cik: 0001046050
- company_name: TIMBERLAND BANCORP INC
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000002/0000939057-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000002/timb8k11223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-23-000002
- JSON: https://secwatch.observer/filing/0000939057-23-000002.json
- Plain text: https://secwatch.observer/filing/0000939057-23-000002.txt

## Key facts
- Executive change
  Ed Foster departed as Chief Credit Officer at TIMBERLAND BANCORP INC.
  - Action: retire
  - Role: Chief Credit Officer
  source text: Ed Foster announced that he plans to retire effective December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000002/0000939057-23-000002-index.htm
- Executive change
  Carol Duris changed role as Commercial Bank Team Leader for the Pierce, King and Kitsap County markets at TIMBERLAND BANCORP INC.
  - Action: promoted
  - Role: Commercial Bank Team Leader for the Pierce, King and Kitsap County markets
  source text: the Company also announced that Carol Duris will be promoted to the Commercial Bank Team Leader for the Pierce, King and Kitsap County markets.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000002/0000939057-23-000002-index.htm
- Executive change
  Robert Drugge departed as Chief Lending Officer at TIMBERLAND BANCORP INC.
  - Action: retire
  - Role: Chief Lending Officer
  source text: effective March 31, 2023, Robert Drugge, who holds the position of Chief Lending Officer will retire.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000002/0000939057-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.