Banking & Finance

Willamette Community Bank now offering home loans in the Willamette Valley

June 9, 2021

Willamette Community Bank’s recent merger with People’s Bank of Commerce is set to have a big impact on homebuyers in the Willamette Valley. Willamette Community Bank customers will now be able to secure a home loan through the bank thanks to the combined financial resources of the two organizations and People’s Bank’s extensive experience in…

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People’s Bank Reports Results of Annual Shareholder’s Meeting

June 9, 2021

People’s Bank of Commerce (OTCPK: PBCO) is pleased to announce the results of its annual shareholder’s meeting held on May 19, 2021.  Several items of business were approved at the meeting, reinforcing shareholder support of the bank’s ongoing strategy.  All directors nominated to serve were elected as proposed in the 2021 proxy statement, including: Bryan…

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Could your personal data be kept hostage for ransom?

June 9, 2021

Just shortly after clearing up the issues caused by ransomware in the national gas pipeline system, ransomware caused stoppages in meatpacking facilities across the country.  While major corporations are hustling to ensure tighter security protocols are in place to prevent ransomware, you may be wondering if your computer or home network could be susceptible to…

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People’s Bank Reports First Quarter Earnings

May 5, 2021

People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the first quarter of 2021. The bank reported net income of $2,892,000, or $0.73 per diluted share, for the first quarter of 2021 compared to net income of $1,111,000, or $0.33 per diluted share, in the same quarter of 2020. First quarter earnings…

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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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