Banking & Finance

Steve Erb Accepts Role of Chief Operating Officer at People’s Bank

July 7, 2024

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

July 7, 2024

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

July 7, 2024

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

July 7, 2024

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

July 7, 2024

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

May 1, 2024

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

April 30, 2024

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

April 30, 2024

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

April 17, 2024

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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People’s Bank Acquisition Of Downtown Eugene Property

April 11, 2024

Eugene, OR – People’s Bank of Commerce (People’s Bank) is proud to announce its acquisition of a prime property located at 811 Willamette Street in downtown Eugene, Oregon. This strategic move signifies the bank’s commitment to furthering its presence within the vibrant community of Eugene and strengthening its ability to serve…

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Oregon Bankers Association and Oregon Business Magazine Present 2023 Community Applause Award to Con-Vey of Roseburg

December 14, 2023

The Oregon Bankers Association (OBA) in partnership with Oregon Business Magazine, has announced that Con-Vey of Roseburg, Oregon is the recipient of the 2023 Community Applause Award. The Community Applause Award, which is given to an Oregon business in acknowledgment of their significant service and contributions to their community, was presented to Con-Vey during a…

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PBCO Financial Corporation Reports Q3 2023 Earnings 

November 19, 2023

PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported earnings of $1.56 million and earnings per diluted share of $0.29 for the quarter ended September 30, 2023, compared to $1.66 million and $0.31 per diluted share for the quarter ended June 30,…

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