Banking & Finance
Eugene-based Palo Alto Software offers relief package to Oregon nonprofits
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…
Read MoreWillamette Community Bank Announces Q1 Earnings
April 22, 2020 For immediate release: April 22, 2020 Contact: Joan Reukauf, President and Chief Executive Officer(541) 926-9000 or jreukauf@willamettecommunitybank.com Willamette Community Bank Reports First Quarter Earnings Albany, OR – April 22, 2020- Willamette Community Bank (the “Bank”) (OTCQB: WMCB) based in Albany, Oregon, releases its financial results for the first quarter of…
Read MoreOregon Pacific Bank Announces First Quarter Earnings Results
Florence, Ore., April 20, 2020 – Oregon Pacific Bancorp (ORPB) today reported financial results for the first quarter ended March 31, 2020. Highlights First quarter net income of $642 thousand – $0.09 per diluted share Quarterly deposit growth of $21.2 million Quarterly loan growth of $2.32 million Tax equivalent net…
Read MoreFinancial Institutions Work Together to Address the Impact of COVID-19
Oregon’s banks and credit unions are safe, sound, and here to serve consumers. Oregon’s financial institutions stand by consumers and communities during good times and challenging times. While COVID-19 presents unprecedented challenges, it is reassuring to know that banks and credit unions have activated plans to minimize the impact of COVID-19.…
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People’s Bank Reports First Quarter Earnings
April 10, 2020, 6:54 PM EDT MEDFORD, Ore.– People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the first quarter of 2020. The bank reported net income of $1,111,000 or $0.33 per diluted share for the first quarter of 2020 compared to net income of $839,000 or…
Read MorePeople’s Bank Committed to Serving Communities
Medford, Oregon – People’s Bank of Commerce (OTCBB: PBCO) is pleased to announce that its $5 million capital offering was fully subscribed and completed on March 11, 2020. The new capital will add strength and resiliency to the Bank, which is committed to serving its communities during the COVID-19 crisis.…
Read MoreE2E Online Meeting with Ken Trautman of People’s Bank Re: CARES Act SBA PPP Loans
Ken Trautman, President of People’s Bank of Commerce in Medford, Oregon presented to the SOE2E.com (Southern Oregon Entrepreneur to Entrepreneur group) today about the CARES Act SBA PPP loans and process. This is the captured footage of the call using Zoom. We had over 70 people on the call at…
Read MoreTreasury announces application for CARES act funding.
ASSISTANCE FOR SMALL BUSINESSES The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals…
Read MoreThe Small Business Owner’s Guide to the CARES Act
See also from the U.S. Senate Committee on Small Business & Entrepreneurship The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be…
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“The banking industry as a whole has entered this period of uncertainty in a position of great strength.”
By Ken Trautman, President, and CEO, People’s Bank of Commerce. We are all trying to learn how to adapt to the COVID-19 virus. Most of us are overwhelmed with negative news and are being provided few solutions. Events have unfolded quickly across the nation, but rest assured, this event is…
Read MoreExperienced Trust Officer Adrian Snyder Joins D.A. Davidson Trust Company in Medford
GREAT FALLS, Mont. – March 25, 2020 – D.A. Davidson Trust Company has hired Adrian Snyder, a highly experienced professional, as Vice President, Trust Officer. He will work from the company’s Medford office, serving as a resource for clients across the Pacific Northwest and northern California. Snyder is responsible for assisting clients with…
Read MoreBanks are Open for Business
By Jim Teece I just got a message from Ken Trautman, president of People’s Bank. Full disclosure – I proudly serve on the board of People’s Bank. He wanted me to help him get the word out. “People’s Bank is going to help. No need to hold a lot of cash, your…
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