Banking & Finance

Citizens Bank Adds New Directors

October 12, 2021

CORVALIS, Ore. – Citizens Bank and Citizens Bancorp are proud to announce the appointment of Doug Boysen and Roger Busse to its Board of Directors. “We are delighted to have both Doug and Roger join our Board of Directors’” said Bill Humphreys’ Sr., Chairman of the Board.  “They each bring an extraordinarily high level of…

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Columbia Banking System And Umpqua Holdings Corporation Combining To Create The West Coast’s Leading Regional Bank

October 12, 2021

A Scaled Organization, Positioned to Win in Some of the Country’s Most Attractive Growth Markets Commercial Lending Focus Complemented by Highly Recognized Retail Franchise Meaningful Value Creation to Shareholders and Strong Pro Forma Profitability Like-minded Institutions with Common Cultural Values TACOMA, Wash. and PORTLAND, Ore., Oct. 12, 2021 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia”) (Nasdaq: COLB), the parent company of Columbia…

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People’s Bank of Commerce Foundation Grants $150,000 To Rogue Retreat

September 5, 2021

The People’s Bank of Commerce Foundation has awarded a grant in the amount of $150,000 to Rogue Retreat for the renovation of five rooms at the Redwood Inn. The five newly renovated studio apartments will be used with the first and primary goal of helping people displaced by the Almeda and other wildfires in Southern…

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Is Stagflation Back?

September 5, 2021

By Rachel Eliot  Accountant at People’s Bank of Commerce In the early years of the 1970’s the easy-money policies of the American central bank designed to generate full employment resulted in high inflation. The great inflation began in late 1972 and continued through the early 1980’s. The 1970’s saw some of the highest rates of inflation…

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Umpqua Bank’s 2021 Business Barometer: Surging Optimism and Transformational Shifts Position Middle Market Companies for Growth Amid Continued Disruption

September 5, 2021

Middle Market optimism surges +24 points over pre-pandemic levels: more than 70% of companies embrace continued adaptation with “significant” changes to strategy and operations anticipated Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), released its annual 2021 Business Barometer, an in-depth study into the mood, mindset, and strategic priorities of nearly 1,200 leaders at small and…

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People’s Bank Reports Second Quarter Earnings

August 3, 2021

Press Release dated July 21, 2021 Original posted at https://www.peoplesbank.bank/about/press-release—july-21–2021 Medford, Oregon – People’s Bank of Commerce (OTC PINK: PBCO) announced today its financial results for the second quarter of 2021.   Highlights Second quarter net income of $2,953,000, or $0.61 per diluted share Year-to-date net income of $5,846,000 or $1.33 per diluted share LTM EPS…

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Willamette Community Bank now offering home loans in the Willamette Valley

June 9, 2021

Willamette Community Bank’s recent merger with People’s Bank of Commerce is set to have a big impact on homebuyers in the Willamette Valley. Willamette Community Bank customers will now be able to secure a home loan through the bank thanks to the combined financial resources of the two organizations and People’s Bank’s extensive experience in…

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People’s Bank Reports Results of Annual Shareholder’s Meeting

June 9, 2021

People’s Bank of Commerce (OTCPK: PBCO) is pleased to announce the results of its annual shareholder’s meeting held on May 19, 2021.  Several items of business were approved at the meeting, reinforcing shareholder support of the bank’s ongoing strategy.  All directors nominated to serve were elected as proposed in the 2021 proxy statement, including: Bryan…

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Could your personal data be kept hostage for ransom?

June 9, 2021

Just shortly after clearing up the issues caused by ransomware in the national gas pipeline system, ransomware caused stoppages in meatpacking facilities across the country.  While major corporations are hustling to ensure tighter security protocols are in place to prevent ransomware, you may be wondering if your computer or home network could be susceptible to…

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People’s Bank Reports First Quarter Earnings

May 5, 2021

People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the first quarter of 2021. The bank reported net income of $2,892,000, or $0.73 per diluted share, for the first quarter of 2021 compared to net income of $1,111,000, or $0.33 per diluted share, in the same quarter of 2020. First quarter earnings…

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People’s Bank Announces Completion of Merger with Willamette Community Bank

March 6, 2021

By Press ReleaseKen Trautman, CEO of People’s Bank of Commerce Medford, Oregon – March 1, 2021 – People’s Bank of Commerce (OTCBB: PBCO), announced that effective March 1, 2021, it completed the merger with Willamette Community Bank. Ken Trautman, CEO of People’s Bank of Commerce, stated, “We are fortunate to have the opportunity to partner with…

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Not a GameStop Take

February 4, 2021

Timothy A. Duy Senior Director, Oregon Economic Forum Professor of Practice Department of Economics University of Oregon Eugene, OR 97403-1285 541.346.4660 duy@uoregon.edu I don’t have a take on GameStop. Instead, I have a take on a GameStop take. This kind of commentary (via Axios) is floating around: The current state of financial markets “is a…

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