Banking & Finance
Oregon joins $17 million multistate enforcement settlement with Edward Jones
Salem – The Oregon Division of Financial Regulation (DFR), a member of the North American Securities Administrators Association (NASAA), has joined a $17 million settlement with Edward D. Jones & Co. L.P. (Edward Jones) resulting from an investigation into the broker-dealer’s supervision of customers paying front-loaded commissions for Class A mutual…
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Rogue Credit Union Names Jeanne Pickens as Executive Vice President/Chief Operations Officer
Medford, OR – Rogue Credit Union is excited to name Jeanne Pickens as the Executive Vice President/Chief Operations Officer. With over 24 years at Rogue, Pickens began as a teller, advancing through leadership roles including Vice President and Senior Vice President of Marketing and Loyalty. Since becoming Chief Operations Officer in…
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Oregon Pacific Bank Launches Innovative Online Loan Application for Small Business
FLORENCE, Ore.–(BUSINESS WIRE)–Oregon Pacific Bank is proud to announce the launch of Oregon Pacific Loan Solutions, an innovative online application system designed to streamline the small business borrowing process. As one of the few community banks in the region offering a digital application portal for commercial lending, Oregon Pacific Bank…
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Steve Erb Accepts Role of Chief Operating Officer at People’s Bank
Jun. 4, 2024– PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported that Steve Erb has accepted the role of Chief Operating Officer, effective June 14, 2024. Joan Reukauf, the current Chief Operating Officer, is leaving to pursue a new opportunity related to the banking industry in education. “The Company is…
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Southern Oregon market President, Cindy Glover retires from People’s Bank
Cindy Glover, EVP/Market President has dedicated over 14 years to People’s Bank. Cindy shared, “After over 40 years in banking, I am excited for the next chapter…Retirement!!!I want to thank all my customers, friends and colleagues for their friendship and support!”, on her LinkedIn. Roy Vinyard, People’s Bank board chair,…
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OREGON BANCORP ANNOUNCES QUARTERLY DIVIDEND
SALEM, Ore. – June 14, 2024 – The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN), parent company of Willamette Valley Bank, declared a quarterly dividend of $0.20 per share. The dividend is payable on July 15, 2024, to shareholders of record as of July 1, 2024. About Oregon Bancorp, Inc.…
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First Interstate Awarded Best Bank in Oregon
June 27, 2024 Forbes’ Best-in-State Banks 2024 listing has ranked First Interstate as the best bank in Oregon! Forbes Best-In-State Banks 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities, thereby being most valued by residents of each state. The ranking…
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First Interstate BancSystem, Inc. Announces President and CEO Kevin P. Riley’s Retirement
June 14, 2024 First Interstate BancSystem, Inc. announced today the upcoming retirement of President and Chief Executive Officer Kevin P. Riley and has initiated a search for his successor. Riley will continue to serve in his role as President and CEO until a successor is appointed. “I have had the…
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The Great Consolidation of Banks and Acceleration of Branch Closures Across Oregon
Introduction Over the last ten years, Oregon has witnessed a significant transformation in its banking landscape. The closure of bank branches has become a common occurrence, impacting both urban and rural communities. In this article, we delve into the reasons behind this trend, its effects on local economies, and potential…
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Oregon Pacific Bank Supports Local Community Development with Member Impact Fund Grants
Florence, Ore., April 30, 2024 — Oregon Pacific Bank is proud to announce its support for local community development through its participation in the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Member Impact Fund. This matching grant program is designed to offer eligible organizations critical financial support for…
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Citizens Bank partners with Federal Home Loan Bank of Des Moines to award $24,000 in Member Impact Fund Grants
Grant program supports affordable housing and community development. CORVALLIS, Ore, April 30, 2024 – Citizens Bank has partnered with the Federal Home Loan Bank (FHLB) of Des Moines to provide $24,000 in grants from the FHLB Des Moines Member Impact Fund to the Boys & Girls Club of Corvallis and Community Outreach Inc. This matching…
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PBCO Financial Corporation Reports Q1 2024 Earnings
Medford, Oregon – April 17, 2024 – PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported net income of $1.7 million and earnings per diluted share of $0.31 for the quarter ended March 31, 2024, compared to a loss of $3.90 million and…
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