
Randy Fredlund
Executive Vice President, Chief Compliance & Security Officer
A 17-year veteran of Peoples Bank with over 25 years of banking experience, Randy chairs the Bank’s Operational Risk Committee and is responsible for vendor management, compliance, and security.
Raised in Bellingham, Randy is certified in regulatory compliance and anti-money laundering and has deep expertise in physical and cybersecurity, disaster recovery, and vendor and fraud management. He is passionate about helping customers avoid the ever-present dangers online and is locally focused in the communities we serve.
Randy is a graduate of the Pacific Coast Banking School and holds a leadership and management certification from the Leadership Institute of Seattle through Western Washington University.

Derek Thornton
Executive Vice President, Chief Financial Officer
Derek joined Peoples Bank in 2013 and has since held roles in retail, small business, and credit, although finance and accounting have been his area of expertise. With over fifteen years of banking experience, and now serving as Chief Financial Officer of the Bank, Derek most enjoys supporting the growth and success of his customers, and especially that of his employees.
Derek greatly values the health and wellness of his community and serves as Vice President on the Board of Directors at Lydia Place and is also on the Board of Directors and the men’s Team Lead of the Bellingham Distance Project, competitive running team. Derek was also awarded the Chairman’s Award for leadership in 2016, citing his personal commitment to integrity, honesty and respect as the things he values most about the culture at Peoples Bank.
Derek is a graduate of Pacific Coast Banking School and holds bachelor’s degrees in Economics and Political Science and a Master’s degree in Business Administration from Western Washington University.