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Ted A. Leech
Ted A. Leech
Chairman of the Board

Ted A. Leech, our Chairman of the Board, retired from the Univar Corporation. From January 2003 to February 2005, Mr. Leech was Vice President of Business Development where he conducted feasibility studies and investigated potential investments in China, Hong Kong, Singapore, Australia, Malaysia, Indonesia and Brazil. Before that, Ted was Senior Vice President of Administration for Univar USA where he was responsible for accounting, payables/receivables, information systems, treasury, legal, human resources, and internal audit.

As a result of his professional experiences, Mr. Leech brings strong leadership, management, finance, accounting, and human resource skills to our board. His expertise also qualifies Ted as a financial expert, making him a natural choice as chairman of our Audit Committee.

 
Joseph C. Adams
Joseph C. Adams
Chief Executive Officer

Joseph C. Adams is a director and has been the Chief Executive Officer of 1st Security Bank of Washington since July 2004. He joined 1st Security Bank of Washington in April 2003 as the Chief Financial Officer. Mr. Adams served as Supervisory Committee Chairperson from 1993 to 1999 when the bank was Washington Credit Union.

Joe is a lawyer, having worked for Deloitte as a tax consultant, K&L Gates as a lawyer and then at Univar USA as a lawyer and Director, Regulatory Affairs. He holds a Masters Degree equivalent from the Pacific Coast Banking School. With Joe’s legal and accounting backgrounds, as well as his duties as Chief Executive Officer of 1st Security Bank of Washington, he brings a special knowledge of the financial, economic, and regulatory operations of the Bank.

 
Judith A. Cochrane
Judith A. Cochrane
Board Member

Judith A. Cochrane was the Vice President, Public Finance for Seattle-Northwest Securities Corporation from May 2006 until her retirement in February 2011. Prior to that, Judith was Vice President/Manager, Municipal Trading and Underwriting for BancAmerica Securities, LLC, for over two decades.

Ms. Cochrane is an arbitrator for Financial Industry Regulatory Authority (FINRA) and has also served as Managing Director for Bank of America, in charge of Northwest Capital Markets. Judith retired from Seattle Northwest in February of 2011. Her professional experience brings depth to the Board in the areas of finance and the capital markets.

 
Michael J. Mansfield
Michael J. Mansfield
Board Member

Michael J. Mansfield joined our Board of Directors in September, 2008. Michael spent 16 years with Deloitte & Touche before joining Moss Adams in 1995 where he was a partner for more than 10 years. During his time with Moss Adams, Mr. Mansfield served as the lead of the Business Owner Succession Services Practice in the Seattle office and he served as a member of the firm’s Tax Committee. He provided taxation, business, and financial accounting services to a variety of clients in the financial services, construction, manufacturing and distribution, and service industries.

In January 2008, Mr. Mansfield left Moss Adams to start Family Fortunes, LLC., a consulting company aimed at assisting individuals and business owners in developing and executing strategic plans. In addition, Michael is a minority owner/part-time CFO for Pacific Pile & Marine, L.P., a construction company, and Columbia Pacific Finance, LLC, a financial services company. With Mr. Mansfield’s 26 years of experience as a public accountant, together with his experience in running small businesses, he brings strong leadership, management, financial and administrative skills to our organization.

 
Margaret R. Piesik
Margaret R. Piesik
Board Member

Margaret R. Piesik was a senior manager for Microsoft Corporation in its PowerPoint Presentation Division. Ms. Piesik worked at Microsoft for 11 years until retiring in 1998. She served on the Board of Directors at the Providence Hospital Foundation from 2001 to 2003, and since 2004 has served as the President of Swedish Medical Center Service League. She is a co-owner of White Barn Farm, a family owned organic flower and vegetable farm.

Margaret previously served on the boards of Providence Hospital Foundation as well as the Kirkland Performance Center. Ms. Piesik is also active in local organizations such as Swedish Hospital Service League and participates in the Grow A Row program for local food banks. With her managerial expertise, various board experiences and active participation in the local community, Margaret brings a tremendous collection of knowledge and skills to our organization.

 
Joseph P. Zavaglia
Joseph P. Zavaglia
Board Member

Joseph P. Zavaglia has been the owner and operator of Zavaglia Consulting, LLC., since February 2008, providing retail banking and small business advisory services to community banks. Joseph also operates the Heart of Italy, an Italian cooking school, works part time for Pacific Coast Banking School, serving as the Director of Extension Programs, and for the Washington Bankers Association, overseeing their Executive Development Program.

Mr. Zavaglia started his career with Rainier Bank in 1975 in branch operations and was ultimately promoted to manager, overseeing up to 13 branches. From 1987 until 2003, he served as a Senior Vice President and Regional Manager with Security Pacific Bank, which acquired Rainier Bank in 1987, and then with Bank of America, which acquired Security Pacific Bank in 1992. In February 2003, Joseph joined First Mutual Bank as its Executive Vice President, Retail Banking Group manager. He resigned in 2008 to begin his consulting company and cooking school. Joseph has formerly held Series 6, 63, and 26 securities licenses and his state license for life and disability insurance.

Mr. Zavaglia has been a member of the administrative board of Pacific Coast Banking School for the past 9 years, and is a 1986 graduate of the program. He was a member of the Pete Gross House Board for 14 years, is chair of the Italian Studies board at the University of Washington, is past State Board Chair for the March of Dimes where he served for 15 years, is a former mentor in the Seattle University mentorship program, and a former member of the Dean’s advisory board for the School of Business at Seattle University. Mr. Zavaglia is a member of the athletic Hall of Fame, a Regent, and a member of the Hall of Fame selection committee at Seattle University. Additionally, he is a member of the Advisory Board for the Dean of the College of Education at Western Washington University. Joseph’s extensive banking experience, together with his numerous board experiences, educational background, and active participation in the local community, brings valuable knowledge, experience, and skills to our organization.

 
Marina Cofer-Wildsmith
Marina Cofer-Wildsmith
Board Member

Marina Cofer-Wildsmith has spent 25 years working in nonprofit management and business development. In her current position, she serves as Executive Director of Bainbridge Youth Services, a 50 year old non-profit that provides free and confidential counseling for youth and young adults. Between September 2009 and October 2012, Ms. Wildsmith worked as a business growth and development consultant for health care and real estate/investment companies. As a consultant, she assisted management in the development of business and marketing plans, as well as organizational effectiveness and accountability systems.
She served as the Junior Varsity and Assistant Varsity soccer coach at Bainbridge High School on Bainbridge Island, Washington from May 2008 to October 2011. Prior to 2008, Ms. Wildsmith served as Chief Executive Officer for the American Lung Association of the Northwest (2005-2007) and in numerous capacities with the Northwest, Washington and Eastern Missouri chapters of the American Lung Association including: Chief Executive Officer, American Lung Association of Washington (2003-2005); Communications and Marketing Director; and Program Director (1990-1993; 1995-2003). Her career achievements include leading the Washington Smoke Free Restaurants and Bars Initiative, developing and mobilizing the air quality forecasting model used by the media nationally, establishing the first regional office of the American Lung Association in the Pacific Northwest, and advocating for other essential legislation to improve public health.
Ms. Wildsmith is also very active in the community. She has served on several boards including eight years as a director for the Puget Sound Clean Air Agency (2005-2013). She currently serves on the Rotary Club of Bainbridge Island Board of Directors (2012-2015).
She has her undergraduate degree in Biology and Anthropology from the College of William and Mary, Williamsburg, VA and her graduate degree in Educational Processes from Maryville University, St. Louis, Missouri. As a result of her professional experiences and active community involvement, Ms. Wildsmith brings strong leadership, management, organization and interpersonal skills to our organization.

 
Mark H. Tueffers
Mark H. Tueffers
Board Member

Mark Tueffers is an Account Executive and a Member of Tueffers, Guckian & Gamon, PLLC, a local CPA firm serving primarily businesses and individuals involved in the construction industry. Mark serves an extremely diverse clientele including both general contractors and subcontractors. In the course of nearly 30 years of focusing solely on construction industry clients, Mark has developed a substantial expertise in matters of taxation. In the business and financial planning arena, Mark's experience spans a wide range of capabilities. Prior to service with 1st Security Bank of Washington, Mr. Tueffers served as a Director of Golf Savings Bank, and as a Special Advisor to the Board of the American Marine Corporation.

Mark holds a Bachelors Degree in Business Administration (emphasis on accounting) from the University of Washington, and a Juris Doctorate degree from the University of Puget Sound. Mark is admitted to the Washington State Bar Association, and is a member of the Washington Society of CPAs.

 

1st Security is a bank that believes in you. We take a very personal approach to our work, treating each person that comes in as if they were our only customer. We aren’t just open for business; we live here, which is why our branches are so involved with their communities. From sponsoring food drives to the annual Poulsbo Kids Day celebration, everyone at 1st Security lives our passion for being the bank that makes our customers say “wow.” The Northwest is a diverse, open and welcoming community with many cultures and backgrounds that we celebrate, truly believing that we are stronger together.

Headquartered in Mountlake Terrace, Washington, 1st Security Bank has been serving customers in King, Kitsap, Pierce, Snohomish, Jefferson and Clallam counties since 1936. With our eleven neighborhood branches, we believe that bigger is not necessarily better. In fact, our strength comes from the relationships that we build with our customers, small businesses and community partners. Additionally, 1st Security operates lending programs for home buyers, local contractors, builders, mortgage companies and boat dealerships that help strengthen the communities in which we live and work.

At 1st Security Bank our first priority is you, our customer, neighbor and friend.

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1st Security is a bank that believes in you. We take a very personal approach to our work, treating each person that comes in as if they were our only customer. We aren’t just open for business; we live here, which is why our branches are so involved with their communities. From sponsoring food drives to the annual Poulsbo Kids Day celebration, everyone at 1st Security lives our passion for being the bank that makes our customers say “wow.” The Northwest is a diverse, open and welcoming community with many cultures and backgrounds that we celebrate, truly believing that we are stronger together.

Headquartered in Mountlake Terrace, Washington, 1st Security Bank has been serving customers in King, Kitsap, Pierce, Snohomish, Jefferson and Clallam counties since 1936. With our eleven neighborhood branches, we believe that bigger is not necessarily better. In fact, our strength comes from the relationships that we build with our customers, small businesses and community partners. Additionally, 1st Security operates lending programs for home buyers, local contractors, builders, mortgage companies and boat dealerships that help strengthen the communities in which we live and work.

At 1st Security Bank our first priority is you, our customer, neighbor and friend.

 



6920 220th Street SW
Mountlake Terrace, WA 98043
(800) 683-0973
Investor Relations Contact
Mr. Matthew D. Mullet
mattm@fsbwa.com
Transfer Agent
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6201 15th Avenue
Brooklyn, NY 11219
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