Banking & Finance
UMPQUA BANK NAMED OREGON’S MOST ADMIRED FINANCIAL SERVICES COMPANY
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…
Read MoreCitizens Bancorp Announces Cash Dividend
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
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…
Read MoreCitizens Bank Adds New Directors
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…
Read MoreColumbia Banking System And Umpqua Holdings Corporation Combining To Create The West Coast’s Leading Regional Bank
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
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?
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
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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People’s Bank Reports Second Quarter Earnings
Press Release dated July 21, 2021 Original posted at https://www.peoplesbank.bank/about/press-release—july-21–2021 Medford, Oregon – People’s Bank of Commerce (OTC PINK: PBCO) announced today its financial results for the second quarter of 2021. Highlights Second quarter net income of $2,953,000, or $0.61 per diluted share Year-to-date net income of $5,846,000 or $1.33…
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Willamette Community Bank now offering home loans in the Willamette Valley
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…
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People’s Bank Reports Results of Annual Shareholder’s Meeting
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…
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Could your personal data be kept hostage for ransom?
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…
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