Banking & Finance
CORVALLIS, Ore – Citizens Bank, a community bank headquartered in Corvallis, approved more than $93.2 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) loans. These loansprovided over 680 small businesses affected by the coronavirus (COVID-19) with critical financial resources to retain or restore jobs for nearly 10,000 people in our communities. Under the…
Read MoreThe Klamath Community College Small Business Development Center (SBDC) has ramped up its services for Klamath and Lake counties and is actively working with lenders, the U.S. Small Business Administration, Business Oregon, and numerous local leaders to help business owners and entrepreneurs understand the latest developments with the rapidly changing business climate and the numerous…
Read MoreEUGENE, ORE. – May 6, 2020 – One of Oregon’s leading software companies gives back to its neighbors. During the global coronavirus pandemic, Oregon’s nonprofit organizations face increased financial challenges and operational hurdles while delivering critical resources to those in need. Eugene-based Palo Alto Software is offering free use of its software tools to help…
Read MoreApril 22, 2020 For immediate release: April 22, 2020 Contact: Joan Reukauf, President and Chief Executive Officer(541) 926-9000 or jreukauf@willamettecommunitybank.com Willamette Community Bank Reports First Quarter Earnings Albany, OR – April 22, 2020- Willamette Community Bank (the “Bank”) (OTCQB: WMCB) based in Albany, Oregon, releases its financial results for the first quarter of 2020. The bank grew total…
Read MoreFlorence, Ore., April 20, 2020 – Oregon Pacific Bancorp (ORPB) today reported financial results for the first quarter ended March 31, 2020. Highlights First quarter net income of $642 thousand – $0.09 per diluted share Quarterly deposit growth of $21.2 million Quarterly loan growth of $2.32 million Tax equivalent net interest margin of 4.39% Review…
Read MoreOregon’s banks and credit unions are safe, sound, and here to serve consumers. Oregon’s financial institutions stand by consumers and communities during good times and challenging times. While COVID-19 presents unprecedented challenges, it is reassuring to know that banks and credit unions have activated plans to minimize the impact of COVID-19. The Oregon Bankers Association…
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April 10, 2020, 6:54 PM EDT MEDFORD, Ore.– People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the first quarter of 2020. The bank reported net income of $1,111,000 or $0.33 per diluted share for the first quarter of 2020 compared to net income of $839,000 or $0.28 per diluted share in…
Read MoreMedford, Oregon – People’s Bank of Commerce (OTCBB: PBCO) is pleased to announce that its $5 million capital offering was fully subscribed and completed on March 11, 2020. The new capital will add strength and resiliency to the Bank, which is committed to serving its communities during the COVID-19 crisis. As a Preferred Lender with…
Read MoreKen Trautman, President of People’s Bank of Commerce in Medford, Oregon presented to the SOE2E.com (Southern Oregon Entrepreneur to Entrepreneur group) today about the CARES Act SBA PPP loans and process. This is the captured footage of the call using Zoom. We had over 70 people on the call at the same time and only…
Read MoreASSISTANCE FOR SMALL BUSINESSES The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are…
Read MoreSee also from the U.S. Senate Committee on Small Business & Entrepreneurship The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for…
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By Ken Trautman, President, and CEO, People’s Bank of Commerce. We are all trying to learn how to adapt to the COVID-19 virus. Most of us are overwhelmed with negative news and are being provided few solutions. Events have unfolded quickly across the nation, but rest assured, this event is NOT similar to the “Great…
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