Banking & Finance

People’s Bank Prepares For Transition In Executive Leadership

August 2, 2020

After more than 20 years, People’s Bank executive management undergoes a transition in leadership due to the recent retirement of the former Chief Financial Officer Russ Milburn and to prepare for the future retirement of its current Chief Executive Officer Ken Trautman, Chief Operating Officer Jeri Reno and Chief Credit Officer John Boyd. All are…

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Meet Julia Beattie – The New President of People’s Bank

August 2, 2020

Banking is in her Bloodline. Banking is a significant part of her family’s history. Her grandfather started Muenster State Bank in Texas in 1923. He was president of the bank for 28 years, her uncle Henry later served as president for several years with his son, her cousin, stepping into the role in 1997. Her…

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People’s Bank Promotes Lindsey Trautman To Chief Financial Officer

August 2, 2020

People’s Bank of Commerce is proud to announce the promotion of Lindsey Trautman as its chief financial officer at its corporate branch located at 1528 Biddle Road in Medford. A Rogue Valley native, Trautman took over the position on May 2, 2020, following the retirement of the bank’s former CFO, Russ Milburn, who served since…

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Choosing your Replacement

August 2, 2020

I reached out to Ken Trautman, Co-Founder, CEO and Original President to ask him a couple of questions about the process, what challenges he thinks she will face and what he will be able to focus on now.  JET What brought you to this decision?  It was important to me that we selected an individual…

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People’s Bank Founding Board Member, Bill Jacobs, Retires From the Board after 22 years of Service.

August 2, 2020

By Jim Teece I remember Bill’s last day on the board. We just finished our annual shareholder meeting via zoom, because of the pandemic. We went into a board session after the annual meeting and we each took turns saying something nice about Bill and thanking him for his service. It was very surreal.  I’m…

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People’s Bank year-to-date Earnings per Share Increase 24%

August 2, 2020

People’s Bank of Commerce (OTCBB: PBCO) announced on 7/22/2020  its financial results for the second quarter and year-to-date 2020.  The bank reported net income of $1,385,000 or $0.39 per basic and diluted share for the second quarter of 2020, compared to net income of $933,000 or $0.30 per share in the same quarter of 2019. …

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People’s Bank Celebrates Success in PPP Lending

June 10, 2020

June 5, 2020 Release By:  Ken Trautman, President & CEO Medford, Oregon People’s Bank of Commerce (OTCBB: PBCO) reports significant support of its communities in providing Paycheck Protection Program (PPP) Loans during the COVID-19 crisis. To date, the community bank has provided over 900 PPP loans totaling $91 million to small businesses. The SBA processing fee…

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You received PPP money. Now how do you apply for forgiveness?

June 7, 2020

Julia Beattie, Chief Lending Officer at People’s Bank of Commerce, was the guest on the Southern Oregon Entrepreneur to Entrepreneur (E2E) zoom meeting, on Wednesday, June 3. She discussed the loan forgiveness process in great detail and answered questions from the online audience. Follow the Southern Oregon Entrepreneur to Entrepreneur group on Facebook or on…

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Citizens Bank Approves $93.2 Million in PPP Loans for over 680 Local Businesses

May 22, 2020

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…

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KCC Small Business Development Center ramps up services to help local businesses navigate assistance programs

May 14, 2020

The 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…

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People’s Bank Promotes Lindsey Trautman to CFO

May 12, 2020

May 12, 2020 Release By:  Brande Cowden, Marketing Officer  Medford, OR—People’s Bank of Commerce is proud to announce the promotion of Lindsey Trautman as its chief financial officer at its corporate branch located at 1528 Biddle Road in Medford. A Rogue Valley native, Trautman took over the position on May 2, 2020, following the retirement…

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Eugene-based Palo Alto Software offers relief package to Oregon nonprofits

May 6, 2020

EUGENE, 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…

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