Banking & Finance

A crazy year in Review – Top 10 articles of 2020

January 4, 2021

By Jim TeecePublisher – SouthernOregonBusiness.com I am able to tell many things about the people that come to our website and what they do once they are on it because we use Google Analytics on the site. It’s a free and great tool for marketing but also looking back and seeing what the most popular…

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People’s Bank of Commerce (Medford) and Willamette Community Bank (Albany) have announced a merger.

December 8, 2020

Note : I proudly serve on the board of People’s Bank and offered to include the shareholder mailing about the merger in this months journal. This is not a solicitation or recommendation to any shareholders. It’s just a story and insert (by a sponsor of the Southern Oregon Business Journal – I’d do the same…

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Willamette Community Bank to Merge With People’s Bank of Commerce

November 6, 2020

People’s Bank of Commerce (OTCPK: PBCO) (“PBCO” or the “Company”), and Willamette Community Bank (OTCPK: WMCB), headquartered in Albany, Oregon, announced the signing of a definitive agreement whereby Willamette Community Bank will merge with and into People’s Bank of Commerce.  Highlights of the Announced Transaction  Pro forma assets of approximately $710 million  4th largest bank…

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People’s Bank posts results for 3rd quarter.

November 6, 2020

People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the third quarter and year-to-date 2020. The bank reported net income of $1,937,000 or $0.55 per basic and diluted share for the third quarter of 2020, compared to net income of $947,000 or $0.30 per share in the same quarter of 2019. Earnings…

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Money Magazine’s “Best Small Business Loans of 2020”

October 7, 2020

Raúl Menéndez from Money magazine reached out to the Southern Oregon Business Journal to let us know a couple of things. Money Magazine appreciates us and what we do. “Raúl with Money here. As we both know, many business owners are still facing economic hardships due to the pandemic. It’s very encouraging to see how your team…

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Oregon Pacific Bank Announces Second Quarter Earnings Results

August 31, 2020

Oregon Pacific Bancorp, and its wholly owned subsidiary Oregon Pacific Bank, reported quarterly net income of $830 thousand, or $0.12 per diluted share compared to $1.0 million, or $0.15 per diluted share for the quarter ended June 30, 2019. Through June 30, 2020, the Bank recorded year-to-date net income totaling $1.5 million, or $0.21 per…

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Oregon Pacific Wealth Management Names New Manager to Oversee Firm

August 31, 2020

Drew Corradetti has been promoted to Company Manager for Oregon Pacific Wealth Management, LLC, a registered investment adviser and a wholly-owned subsidiary of Oregon Pacific Banking Co. Serving the communities of Medford, Roseburg, Coos Bay, Florence and Eugene, Oregon Pacific Wealth Management, LLC, provides asset management solutions, including financial advisement and planning, investment management, and…

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People’s Bank Prepares For Transition In Executive Leadership

August 2, 2020

After more than 20 years, People’s Bank executive management undergoes a transition in leadership due to the recent retirement of the former Chief Financial Officer Russ Milburn and to prepare for the future retirement of its current Chief Executive Officer Ken Trautman, Chief Operating Officer Jeri Reno and Chief Credit Officer John Boyd. All are…

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Meet Julia Beattie – The New President of People’s Bank

August 2, 2020

Education / Community / Career Timeline 1984 Baylor University – Bachelor of Business Administration with a concentration in Economics and Finance 1986 The University of Texas – Finance MBA 1991 Union National Bank of Texas 1992 Moved to Southern Oregon 1993 Western Bank – Commercial Lending Officer & Branch Manager 1997 Joined the Central Point…

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People’s Bank Promotes Lindsey Trautman To Chief Financial Officer

August 2, 2020

People’s Bank of Commerce is proud to announce the promotion of Lindsey Trautman as its chief financial officer at its corporate branch located at 1528 Biddle Road in Medford. A Rogue Valley native, Trautman took over the position on May 2, 2020, following the retirement of the bank’s former CFO, Russ Milburn, who served since…

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Choosing your Replacement

August 2, 2020

I reached out to Ken Trautman, Co-Founder, CEO and Original President to ask him a couple of questions about the process, what challenges he thinks she will face and what he will be able to focus on now.  JET What brought you to this decision?  It was important to me that we selected an individual…

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Bill and Carol Jacobs at People's Bank Christmas Party

People’s Bank Founding Board Member, Bill Jacobs, Retires From the Board after 22 years of Service.

August 2, 2020

By Jim Teece I remember Bill’s last day on the board. We just finished our annual shareholder meeting via zoom, because of the pandemic. We went into a board session after the annual meeting and we each took turns saying something nice about Bill and thanking him for his service. It was very surreal.  I’m…

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