Don Coulter has resigned from his position as CEO of Coast Capital Savings to pursue an opportunity with another financial institution, Coast Capital announced Wednesday. (File photo)

CEO exits Surrey-based Coast Capital Savings, interim boss named

Outgoing CEO Don Coulter ‘to pursue an opportunity with another financial institution’

SURREY — Coast Capital Savings’ boss is leaving his job for another financial institution.

Don Coulter has resigned as CEO of the Surrey-headquartered Coast Capital, where he worked for the past eight years “alongside such a fantastic team of amazing individuals,” he stated in a company-issued press release Wednesday (Jan. 10).

“Coast Capital is well positioned for incredible success in the coming years, with a strong leadership team in place dedicated to the organization’s purpose to empower its members and employees to achieve what’s important in their lives,” Coulter stated.

“I look forward to cheering from the sidelines as I watch the progress of Coast Capital.”

Regina-based Concentra Bank on Wednesday announced the appointment of Coulter as president and CEO, according to a report on the website investmentexecutive.com. Concentra is the wholesale bank and trust company for Canada’s credit unions, according to the website.

Coast Capital, which boasts 52 branches and 543,000 members across B.C., claims to be “Canada’s largest credit union by membership, with over $20 billion in assets under administration.”

Also Wednesday, the institution’s board of directors announced the appointment of Bruce Schouten, currently its Chief Risk Officer, as interim President and CEO, with a “fulsome search” for a permanent CEO set to begin.

Coulter joined Coast Capital in September 2009 as Chief Financial Officer, and was appointed CEO in 2014.

• READ MORE: Coast Capital Savings names Don Coulter president, from November 2014.

“Don is an inspiring leader who has shown terrific dedication to continually growing and enhancing Coast Capital for the benefit of our members and employees,” stated Bill Cooke, chair of Coast Capital’s board of directors.

“While we are saddened that Don has chosen to pursue a new opportunity, we are grateful for the strong legacy he leaves behind.”

Meanwhile, Schouten joined Coast Capital in January 2016, and has more than 20 years of experience in the financial services industry, including work at TD Bank and the Office of the Superintendent of Financial Institutions.

“Bruce is an accomplished and collaborative leader who has been instrumental in pursuing our goal to help our members achieve financial well-being,” Cooke added.

• READ MORE: Coast Capital Savings”striking’ new Surrey landmark unveiled, from January 2016.

In 2016, during Coulter’s time with the company, Coast Capital Savings moved into a striking new building, dubbed its “Help Headquarters,” at 9900 King George Blvd., Surrey. PCI Developments Corp. constructed the 185,000-square-foot facility, the first of four phases of a planned mixed-used and transit-oriented community.

Just Posted

Delta to craft whistle-blower policy

The policy is meant to increase public trust and create support for staff in questionable situations

North Delta crime beat: Week of Sept. 9

A selection of property crimes submitted weekly by the Delta Police Department

McCallum says Surrey LRT communication plan close to election is ‘perceived interference’

McCallum ‘gravely concerned’ Surrey and TransLink will violate election financing rules, but city says all rules will be followed

Proudly Surrey modifies child-care policy

Slate wants to use school board property for child-care spaces

Surrey school board wants to expand French Immersion program

District had to close program at Cougar Creek Elementary due to low enrolment

VIDEO: North Delta Studio Stomp back for sixth year

The annual art event has local artists opening their studios to the public this weekend

Ottawa to name new ambassador for women, peace and security, Freeland says

Chrystia Freeland also confirmed Canada would spend about $25 million to fund number of initiatives

‘A little bright spot:’ Ottawa residents rescue dog trapped beneath rubble

Freelance journalist says rescue of a dog trapped under rubble was happy ending amid chaos in Ottawa

B.C. deaf community wants different sign languages on federal accessibility act

Advocates also want Indigenous Sign Language to be recognized on the Indigenous Language Act

Remainder of Vancouver Whitecaps season filled with ‘must-win’ games: coach

With Vancouver currently sitting four points out of a post-season spot, each contest is crucial

VIDEO: B.C.-born firefighter remembered by MP in emotional speech

Family asks first responders to look after one another in wake of suicide, growing concerns of PTSD

Airline has ‘close call’ with drone while en route to B.C. airport

Jazz Aviation reported the drone sighting near Vancouver to the RCMP and Transport Canada

Tragic accident claims life of B.C. toddler

Fundraising effort has been created to help mom and family

B.C. nanny charged with sex abuse of 3 children

Saanich Police seek potential victims of Johnathon Lee Robichaud from Central Saanich

Most Read