Banking & Finance
I have written about Ken and the bank he co-founded (People’s Bank) many times over the years. I met Ken while we both served on the Jackson County fair board. One of my companies (Project A) banked with People’s Bank because it is a community bank and the manager of the Ashland Branch was a…
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PBCO Financial Corporation (OTC PINK: PBCO), the holding company (Company) of People’s Bank of Commerce (Bank), announced today its financial results for the first quarter of 2023. Highlights Net income of $1.7 million in the quarter, or $0.31 per diluted share Loan growth of $13.0 million in the quarter, an increase of 2.74% compared to…
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To the Valued Customers of People’s Bank of Commerce, Given the events that have occurred in the banking industry over the past few days, your team at People’s Bank of Commerce wanted to reach out and share with you that our bank remains well capitalized and well positioned to continue to serve our customers and…
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The White House has called on financial regulators to restore safeguards for regional banks that were rolled back during the Trump administration. The move comes as part of the Biden administration’s efforts to strengthen regulations on the financial industry and protect consumers from the risks of bank failures. In a joint statement released on March…
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Medford, OR—March 2, 2023 marks the 25th anniversary for People’s Bank of Commerce, headquartered in Medford, Oregon. 25 years ago, two senior management bankers with diverse banking backgrounds seized an opportunity to offer a community bank in Southern Oregon. Ken Trautman and Mike Sickels recognized the possibilities of filling a need that was being lost…
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Two Leading Community Banks Based in the Northwest Combine to Create One of the Largest Banks Headquartered in the West TACOMA, Wash. and PORTLAND, Ore., March 1, 2023 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia”) (Nasdaq: COLB), the parent company of Columbia Bank, and Umpqua Holdings Corporation (“Umpqua”), the parent company of Umpqua Bank, announced today the closing of their…
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PBCO Financial Corporation (OTC PINK: PBCO), the holding company (Company) of People’s Bank of Commerce (Bank), announced today its financial results for the fourth quarter of 2022 and for year-end 2022. Highlights The Company reported net income of $2.0 million, or $0.38 per diluted share, for the fourth quarter of 2022 compared to net income…
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PBCO Financial Corporation (OTC: PBCO), the holding company (“Company”) of People’s Bank of Commerce (“Bank”), today announced the upcoming retirement of Ken Trautman, CEO and Co-Founder, effective July 1, 2023. Mr. Trautman will remain on the Board of Directors for the Company and the Bank. Mr. Trautman started the Bank with Co-Founder Mike Sickels in…
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It’s the holiday season and, unfortunately, fraudsters don’t take a vacation. As a matter of fact, this is the time of year when fraud attempts are at an all-time high and scammers will stop at nothing to gain access to your account. We want to help customers think twice before clicking a link or giving up personal…
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People’s Bank of Commerce is pleased to announce the hiring of a Eugene team of bankers and will be opening a location in the Eugene area soon. The team includes Mark Rodewald – Market President, Torsten Thomas – Commercial Loan Officer Team Lead, Jenny Freeman –Business Development Officer and Ryan Rodewald – Commercial Loan Officer. …
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PBCO Financial Corporation (OTC PINK: PBCO), the holding company (Company) of People’s Bank of Commerce (Bank), announced today its financial results for the 3rd quarter 2022. Highlights The Company reported quarterly net income of $3.0 million, or $0.59 per diluted share, for the 3rd quarter of 2022 compared to net income of $2.7 million, or $0.53…
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OnPoint Community Credit Union today released its 2022 “The OnPoint Guide to Personal Cybersecurity” eBook to help consumers and businesses protect themselves amidst a fast-evolving cybercrime landscape. In 2021, ransomware attacks doubled, and in the first half of 2022, malware scams jumped 11%. OnPoint updates the free eBook every October to coincide with National Cybersecurity…
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