On July 28, 2023, Timberland Bancorp, Inc., the holding company for Timberland Bank (Bank) received a retirement announcement from Director, Michael R. Sand. Mr. Sand?s retirement is effective as of the close of business on July 31, 2023. Mr. Sand has served as a director of the Bank since 1993 and of the Company since it was formed in 1997.

At the time of his retirement, Mr. Sand was a member of the Company?s Budget Committee and Loan Committee. On July 28, 2023, Michael J. Stoney was elected Chairman of the Boards of the Company and the Bank by each of the respective Board of Directors. Mr. Stoney has served on the Boards of Directors of the Company and the Bank since 2010.