Banking & Finance

A Message from People’s Bank – Stop the Fraud

December 12, 2022

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 Hires Local Team For Eugene Market

December 12, 2022

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 Reports Q3 2022 Earnings

November 10, 2022

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 releases updated eBook to help guard against evolving tactics in cybercrime

October 9, 2022

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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As part of the upcoming merger with Umpqua Bank, the Department of Justice is requiring the divestiture of ten Columbia Bank branches

October 9, 2022

I have been waiting for news about the merger of Umpqua and Columbia Banks that was announced on October 12, 2021 and have not received any, but I found this notice on the Columbia Bank site on October 1st, 2022 about the requirement to sell of 10 branches that overlap with Umpqua in order for…

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Citizens Bank Announces New Board Member Tamara Scoville

August 8, 2022

Citizens Bank and Citizens Bancorp are proud to announce Tamara Scoville as a new member of their Board of Directors.  “We are delighted to have Tamara join our Board of Directors,” said Bill Humphreys, Sr., Chairman of the Board. “She brings an extraordinarily high level of leadership skill and extensive business experience that will enhance a board…

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PBCO Financial Corporation Reports Q2 2022 Earnings

August 8, 2022

PBCO Financial Corporation (OTC PINK: PBCO), the holding company of People’s Bank of Commerce, announced today its financial results for the 2nd quarter 2022.  As a result of the PBCO Financial Corporation reorganization and merger effective February 28, 2022, the current period financial discussion and summary balance sheet and income statement in this release reflect PBCO…

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PBCO Financial Corporation Reports Q1 2022 Earnings

May 10, 2022

PBCO Financial Corporation (OTC PINK: PBCO), the holding company of People’s Bank of Commerce, announced today its financial results for the 1st quarter 2022.  As a result of the PBCO Financial Corporation reorganization and merger effective February 28, 2022, the current period financial discussion and summary balance sheet and income statement in this release reflect PBCO…

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PBCO Financial Corporation Reports Q1 2022 Earnings

April 21, 2022

April 20, 2022 PBCO Financial Corporation (OTC PINK: PBCO), the holding company of People’s Bank of Commerce, announced today its financial results for the 1st quarter 2022. As a result of the PBCO Financial Corporation reorganization and merger effective February 28, 2022, the current period financial discussion and summary balance sheet and income statement in…

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People’s Bank Jacksonville Branch Now Open

April 6, 2022

People’s Bank of Commerce is pleased to announce the opening of our newest location in Jacksonville, Oregon, on March 1st.  This is the bank’s tenth branch and is located at 185 E. California Street.  We offer full-service banking, including new accounts and teller services, as well as consumer, mortgage, and business loans. Hours of operation are Monday…

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People’s Bank Hires Evp/Chief Credit Officer Bill Whalen

April 6, 2022

People’s Bank of Commerce is pleased to announce the recent hiring of William (Bill) Whalen as executive vice president and chief credit officer. Whalen joins People’s Bank with almost 33 years of experience in the banking industry, of which 30 have been in Oregon. He most recently worked as senior vice president and chief credit…

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People’s Bank Reports 2021 Earnings

January 19, 2022

People’s Bank of Commerce (OTC PINK: PBCO) announced today (1/19/2022) its financial results for the 4th quarter and year-ended 2021. Highlights Fourth quarter net income of $3.0 million, or $0.59 per diluted share Year-to-date net income of $11.5 million, or $2.44 per diluted share Quarterly non-PPP loan growth rate of 13.1%, year-to-date loan growth of…

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