Banking & Finance

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…

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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…

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Amerititle Promotes Eric Templeton To Senior Vice President

January 5, 2022

Eric Templeton, Area Manager for AmeriTitle, has been promoted to Senior Vice President. Eric’s area of responsibility has expanded to include AmeriTitle’s Central Oregon counties in addition to his current role of managing operations in the Mid-Willamette Valley and a portion of Southern Oregon. Eric’s territory now includes 15 branches…

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Umpqua Bank 2022 Economic Outlook for Businesses Shows Growth Opportunities Ahead, but Adaptability Remains Critical for Success

January 5, 2022

Report taps economists and bank leaders for insights to help small and middle market companies navigate disruptions, be ready for opportunities Dec. 9, 2021 /PRNewswire/ — Umpqua Bank today released its 2022 economic outlook report for small and middle market companies, “Headwinds & Opportunities: Economic Trends & Predictions for Businesses in…

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UMPQUA BANK NAMED OREGON’S MOST ADMIRED FINANCIAL SERVICES COMPANY

January 5, 2022

Bank recognized by Oregon’s business community for 17th consecutive year Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has been named Oregon’s Most Admired Financial Services Company by business and community leaders for the 17th consecutive year. Umpqua is Oregon’s largest bank and has received the Most Admired honor every year since the Portland Business Journal first introduced…

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Citizens Bancorp Announces Cash Dividend

November 17, 2021

CORVALIS, Ore. – On November 16, 2021, the Board of Directors of Citizens Bancorp declared a cash dividend to be paid to all shareholders of record on December 3, 2021. The Company declared a cash dividend equal to $0.55 per share of common stock, and $0.59 per share to holders of…

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People’s Bank Reports Third Quarter Earnings

November 3, 2021

People’s Bank of Commerce (OTC PINK: PBCO) announced today (October 20,2021) its financial results for the 3rd quarter of 2021.   Highlights Third quarter net income of $2,650,000, or $0.53 per diluted share Year-to-date net income of $8,496,000, or $1.85 per diluted share Quarterly non-PPP loan growth rate of 14.5% Third…

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Citizens Bank Adds New Directors

October 12, 2021

CORVALIS, Ore. – Citizens Bank and Citizens Bancorp are proud to announce the appointment of Doug Boysen and Roger Busse to its Board of Directors. “We are delighted to have both Doug and Roger join our Board of Directors’” said Bill Humphreys’ Sr., Chairman of the Board.  “They each bring…

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Columbia Banking System And Umpqua Holdings Corporation Combining To Create The West Coast’s Leading Regional Bank

October 12, 2021

A Scaled Organization, Positioned to Win in Some of the Country’s Most Attractive Growth Markets Commercial Lending Focus Complemented by Highly Recognized Retail Franchise Meaningful Value Creation to Shareholders and Strong Pro Forma Profitability Like-minded Institutions with Common Cultural Values TACOMA, Wash. and PORTLAND, Ore., Oct. 12, 2021 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia”) (Nasdaq: COLB),…

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People’s Bank of Commerce Foundation Grants $150,000 To Rogue Retreat

September 5, 2021

The People’s Bank of Commerce Foundation has awarded a grant in the amount of $150,000 to Rogue Retreat for the renovation of five rooms at the Redwood Inn. The five newly renovated studio apartments will be used with the first and primary goal of helping people displaced by the Almeda…

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Is Stagflation Back?

September 5, 2021

By Rachel Eliot  Accountant at People’s Bank of Commerce In the early years of the 1970’s the easy-money policies of the American central bank designed to generate full employment resulted in high inflation. The great inflation began in late 1972 and continued through the early 1980’s. The 1970’s saw some of…

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Umpqua Bank’s 2021 Business Barometer: Surging Optimism and Transformational Shifts Position Middle Market Companies for Growth Amid Continued Disruption

September 5, 2021

Middle Market optimism surges +24 points over pre-pandemic levels: more than 70% of companies embrace continued adaptation with “significant” changes to strategy and operations anticipated Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), released its annual 2021 Business Barometer, an in-depth study into the mood, mindset, and strategic priorities of nearly…

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