Pacific Financial Corporation (the Company) is the bank holding company for Bank of the Pacific (the Bank), a state chartered and federally insured commercial bank. The Company conducts its banking business through the Bank, which operates 15 branches located in communities in Grays Harbor, Pacific, Thurston, Whatcom, Clark, Skagit and Wahkiakum counties in the state of Washington and three branches in Clatsop and Clackamas counties in Oregon. The Bank offers banking products and services to small-to-medium sized businesses and professionals. Its personal banking provides personal banking, savings solutions, investments, consumer loans and lines of credit, consumer fee schedule and pay loan online services. The Bank's business banking provides business checking, business savings options, commercial and industrial loans, commercial real estate, contact a commercial lender, merchant services and treasury management. Its online banking provides personal online and personal bill pay.