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

Mobility commission investigates how to charge Surrey motorists

32 Avenue and 152 Street considered ‘key congestion area’

VIDEO: Double-decker bus pilot in Langley gets rave reviews

The ceiling is a little low, but other than that, everyone seems to be a fan

Emaciated dog brought to Surrey shelter now healthy and up for adoption

Eclipse came into the Surrey Resource Animal Shelter last summer in skeletal, calloused condition

Comic Strippers return to Surrey’s Bell a year after ‘milestone’ show there

‘That was our biggest show ever,’ says Ken Lawson of male-stripper parody/improv-comedy production

RCMP appeal for information following reported sexual assault in South Surrey

Woman alleges she was groped in the 15300-block of 21 Avenue

Solitary-confinement veto a chance to address mental health: advocate

B.C. Supreme Court made the landmark ruling Wednesday

Winter storm coming to B.C. this weekend

The bets are on as to how much snow the province will actually get in the coming days

B.C. civil rights group files complaint about RCMP arrest of man who later died

Dale Culver, a 35-year-old Indigenous man was arrested in Prince George last July

Lawyer says former B.C. government aide ‘barely guilty’ in ethnic vote scandal

Brian Bonney pleaded guilty to a breach of trust charge

Quite a few tears as homemade quilts distributed to residents of Ashcroft Reserve, Boston Flats affected by last summer’s fire

Quilters in B.C. and Alberta worked through the summer and fall to create more than 100 quilts.

Teachers’ union votes for non-confidence in school board

Lack of action after embattled trustee’s comments created unsafe workplace, Chilliwack teachers claim

Island Health: No need for alarm in wake of Victoria needle-prick incidents

Three incidents in a week prompts meeting between health authority, city service providers

B.C. coast loggers celebrate history, hope for improvement

Truck Loggers Association awaits B.C. NDP government’s new direction

Global Affairs aware of report of two Canadians kidnapped in Nigeria

The foreigners were heading south from Kafanchan to Abuja when they were ambushed around Kagarko

Most Read