Banking & Finance

Oregon Bankers Association and Oregon Business Magazine Present 2023 Community Applause Award to Con-Vey of Roseburg

December 14, 2023

The Oregon Bankers Association (OBA) in partnership with Oregon Business Magazine, has announced that Con-Vey of Roseburg, Oregon is the recipient of the 2023 Community Applause Award. The Community Applause Award, which is given to an Oregon business in acknowledgment of their significant service and contributions to their community, was presented to Con-Vey during a…

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PBCO Financial Corporation Reports Q3 2023 Earnings 

November 19, 2023

PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported earnings of $1.56 million and earnings per diluted share of $0.29 for the quarter ended September 30, 2023, compared to $1.66 million and $0.31 per diluted share for the quarter ended June 30,…

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People’s Bank Co-Founder Ken Trautman retires 

July 16, 2023

I have written about Ken and the bank he co-founded (People’s Bank) many times over the years. I met Ken while we both served on the Jackson County fair board. One of my companies (Project A) banked with People’s Bank because it is a community bank and the manager of…

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PBCO Financial Corporation Reports Q1 2023 Earnings

May 11, 2023

PBCO Financial Corporation (OTC PINK: PBCO), the holding company (Company) of People’s Bank of Commerce (Bank), announced today its financial results for the first quarter of 2023. Highlights Net income of $1.7 million in the quarter, or $0.31 per diluted share Loan growth of $13.0 million in the quarter, an…

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People’s Bank sends message to customers following the collapse of Silicon Valley Bank

April 9, 2023

To the Valued Customers of People’s Bank of Commerce, Given the events that have occurred in the banking industry over the past few days, your team at People’s Bank of Commerce wanted to reach out and share with you that our bank remains well capitalized and well positioned to continue…

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White House Calls on Financial Regulators to Bring Back Safeguards for Regional Banks

April 9, 2023

The White House has called on financial regulators to restore safeguards for regional banks that were rolled back during the Trump administration. The move comes as part of the Biden administration’s efforts to strengthen regulations on the financial industry and protect consumers from the risks of bank failures. In a…

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People’s Bank Celebrates 25 Years In Oregon Banking

March 8, 2023

Medford, OR—March 2, 2023 marks the 25th anniversary for People’s Bank of Commerce, headquartered in Medford, Oregon. 25 years ago, two senior management bankers with diverse banking backgrounds seized an opportunity to offer a community bank in Southern Oregon. Ken Trautman and Mike Sickels recognized the possibilities of filling a…

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Columbia Banking System and Umpqua Holdings Corporation Complete Merger

March 8, 2023

  Two Leading Community Banks Based in the Northwest Combine to Create One of the Largest Banks Headquartered in the West TACOMA, Wash. and PORTLAND, Ore., March 1, 2023 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia”) (Nasdaq: COLB), the parent company of Columbia Bank, and Umpqua Holdings Corporation (“Umpqua”), the parent company of Umpqua Bank, announced…

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PBCO Financial Corporation Reports Q4 and 2022 Earnings

February 11, 2023

PBCO Financial Corporation (OTC PINK: PBCO), the holding company (Company) of People’s Bank of Commerce (Bank), announced today its financial results for the fourth quarter of 2022 and for year-end 2022. Highlights The Company reported net income of $2.0 million, or $0.38 per diluted share, for the fourth quarter of…

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People’s Bank Announces The Retirement Of Ken Trautman, Chief Executive Officer And Co-Founder

February 11, 2023

PBCO Financial Corporation (OTC: PBCO), the holding company (“Company”) of People’s Bank of Commerce (“Bank”), today announced the upcoming retirement of Ken Trautman, CEO and Co-Founder, effective July 1, 2023. Mr. Trautman will remain on the Board of Directors for the Company and the Bank. Mr. Trautman started the Bank…

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A Message from People’s Bank – Stop the Fraud

December 12, 2022

It’s the holiday season and, unfortunately, fraudsters don’t take a vacation. As a matter of fact, this is the time of year when fraud attempts are at an all-time high and scammers will stop at nothing to gain access to your account. We want to help customers think twice before clicking a…

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People’s Bank Hires Local Team For Eugene Market

December 12, 2022

People’s Bank of Commerce is pleased to announce the hiring of a Eugene team of bankers and will be opening a location in the Eugene area soon. The team includes Mark Rodewald – Market President, Torsten Thomas – Commercial Loan Officer Team Lead, Jenny Freeman –Business Development Officer and  Ryan…

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