Banking & Finance

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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People’s Bank of Commerce Reports Earnings

January 23, 2021

January 21, 2021 MEDFORD, Ore.–(BUSINESS WIRE)–People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the fourth quarter and full year 2020 operations. The bank reported net income of $6,131,000 for the full year of 2020 compared to $4,068,000 in 2019, a 51% increase. In 2020 earnings per diluted share were $1.76 compared…

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Increased Merger Consideration for Willamette Community Bank

January 23, 2021

Highlights of the Announcement  Cash consideration will be increased to $1.70 per share Total merger consideration of $11.18 per share for shareholders of Willamette Community Bank January 22, 2021, 7:20 PM Eastern Standard Time MEDFORD, Ore. & ALBANY, Ore.–(BUSINESS WIRE)–People’s Bank of Commerce (OTCBB: PBCO) (“PBCO” or the “Company”), and Willamette Community Bank (OTCBB: WMCB),…

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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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