Klamath

People’s Bank of Commerce Reports Earnings

January 23, 2021

January 21, 2021 MEDFORD, Ore.–(BUSINESS WIRE)–People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the fourth quarter and full year 2020 operations. The bank reported net income of $6,131,000 for the full year of 2020 compared to $4,068,000 in 2019, a 51% increase. In 2020 earnings per diluted share were $1.76 compared…

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Increased Merger Consideration for Willamette Community Bank

January 23, 2021

Highlights of the Announcement  Cash consideration will be increased to $1.70 per share Total merger consideration of $11.18 per share for shareholders of Willamette Community Bank January 22, 2021, 7:20 PM Eastern Standard Time MEDFORD, Ore. & ALBANY, Ore.–(BUSINESS WIRE)–People’s Bank of Commerce (OTCBB: PBCO) (“PBCO” or the “Company”), and Willamette Community Bank (OTCBB: WMCB),…

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People’s Bank of Commerce (Medford) and Willamette Community Bank (Albany) have announced a merger.

December 8, 2020

Note : I proudly serve on the board of People’s Bank and offered to include the shareholder mailing about the merger in this months journal. This is not a solicitation or recommendation to any shareholders. It’s just a story and insert (by a sponsor of the Southern Oregon Business Journal – I’d do the same…

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Willamette Community Bank to Merge With People’s Bank of Commerce

November 6, 2020

People’s Bank of Commerce (OTCPK: PBCO) (“PBCO” or the “Company”), and Willamette Community Bank (OTCPK: WMCB), headquartered in Albany, Oregon, announced the signing of a definitive agreement whereby Willamette Community Bank will merge with and into People’s Bank of Commerce.  Highlights of the Announced Transaction  Pro forma assets of approximately $710 million  4th largest bank…

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New Telecommunications Firm Expanding in Klamath Falls

November 6, 2020

Klamath Falls, OR (November 5th, 2020) – Today, the Klamath County Economic Development Association (KCEDA) publicly announced that the KRTelecom Group has started new operations in Klamath Falls and is expected to expand substantially in the next few months. Working with partners such as Verizon, Spectrum, and AT&T, KRTelecom offers consulting services to help businesses…

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New Manufacturing Plant to Open in Klamath Falls

November 6, 2020

An international company announced Wednesday that it will build a multi-million dollar manufacturing plant in Klamath Falls that will employ about 50 people. Wilsonart Engineered Services, based in Temple, Tex., manufactures and distributes materials used in furniture, office spaces, countertops and more. It will construct a 95,000-square-foot building located on 19 acres of private WESGO…

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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

Education / Community / Career Timeline 1984 Baylor University – Bachelor of Business Administration with a concentration in Economics and Finance 1986 The University of Texas – Finance MBA 1991 Union National Bank of Texas 1992 Moved to Southern Oregon 1993 Western Bank – Commercial Lending Officer & Branch Manager 1997 Joined the Central Point…

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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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Dr. Dan Peterson Appointed Oregon Tech’s Dean of the College of Health, Arts and Sciences

June 20, 2020

June 18, 2020, KLAMATH FALLS, Ore. – Oregon Institute of Technology (Oregon Tech) announced today that Dan Peterson, Ph.D., has been appointed as dean of the College of Health, Arts and Sciences (HAS), effective July 1, 2020. Dr. Peterson has been serving as interim dean over the last year and has been a member of the faculty in…

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