Josephine

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 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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Kim Young Brings Depth to SOREDI as New Business Development Manager

February 16, 2020

Date: February 11, 2020 Southern Oregon Regional Economic Development, Inc. (SOREDI) is pleased to announce that Kim Young has joined the Business Development team at SOREDI, effective February 4, 2020. Young recently relocated to the region from La Grande, where she was the Executive Director of Greater Oregon (GO) STEM at Eastern Oregon University. She…

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People’s Bank of Commerce Reports Earnings

January 27, 2020

Medford, Oregon – People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the fourth quarter and full year 2019 operations.  The bank reported net income of $4,068,000 for the full year of 2019 compared to $3,398,000 in 2018, a 20% increase. In 2019 earnings per diluted share were $1.32 compared $1.14 per…

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SOBC 2020: Mission: One Rogue Valley

December 26, 2019

Join us for our 17th Annual Southern Oregon Business Conference Mission: One Rogue Valley. On Thursday, January 30, from 1:30 – 5:00 pm, SOREDI will be sharing pertinent information regarding the future of building a prosperous Southern Oregon. Recently, thanks to the financial support and participation of hundreds of stakeholders, SOREDI, enlisted the services of…

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Economic Outlook: It’s Complicated

December 3, 2019

Grant D. Forsyth, Ph.D., Chief Economist for Avista gave a riveting talk at the November, Medford Chamber of Commerce Forum to over 200 business people. The title of his talk was “Economic Outlook: It’s Complicated”.  He presented several slides to prove his title to be true. Our Economy in Southern Oregon is complicated.  He started…

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People’s Bank Reports Earnings

October 22, 2019

Medford, Oregon – People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the third quarter and year-to-date 2019. The bank reported net income of $947,000 or $0.30 per basic and diluted share for the third quarter of 2019, compared to net income of $948,000 or $0.31 per share in the same quarter…

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Smoke Season

Smoke Season

July 1, 2019

  For 6 weeks last year, smoke filled most of southern Oregon’s air and for many days we had the worst air quality in the nation. We were told to stay indoors and we downloaded AQI (Air Quality Index) apps that sent us daily alerts and we watched wind shifts on websites (check out windy.com for a…

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Oregon’s Minimum Wage Increases on July 1, 2019

July 1, 2019

NICK BELEICIKS Oregon’s minimum wage increases on July 1, 2019, but the raises won’t be the same across the state. The minimum wage increases to $12.50 per hour inside the Portland urban growth boundary, $11.00 per hour in nonurban counties, and $11.25 in other areas of the state. Oregon’s three minimum wages will be in…

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