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Bank of the Pacific Adds New Commercial Team in Lake Oswego, Oregon

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Pacific Financial Corporation (PFLC) Expands Presence in Portland Market with New Commercial Banking Center in Lake Oswego
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ABERDEEN, Wash., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or the (“Company”), the holding company for Bank of the Pacific (the “Bank”), is excited to announce its growing presence in the Portland market with a new commercial banking center in Lake Oswego. A new team of seven, led by Katherine Ledson and Jon Little, bring more than 125 years’ combined knowledge and experience in commercial banking, with an exceptionally broad and deep understanding of the Portland market and community. True to the mission and values of Bank of the Pacific, the team employs a high-touch, value-add service with their clients.

Katherine Ledson, SVP and Commercial Banking Team Leader, has 17 years’ banking experience and a proven track record for successfully building and leading a commercial team in the market. Additionally, Katherine is actively involved in the community, where she belongs to the Pacific Northwest Defense Coalition, the Association for Corporate Growth, and the University Club of Portland.

Jon Little, SVP and Commercial Real Estate Manager, has 18 years’ banking experience, all based in Portland and predominately in commercial real estate. Jon belongs to the National Association for Industrial and Office Parks, the Portland Chamber, and is on the Ambassador Board for the Friends of Children.

The team also consists of Anthony Tomashek, VP and Commercial Banking Officer, Callum Auer, VP and Commercial Banking Officer, Robyn Chan, Senior Credit Analyst, Tae Kim, Senior Credit Analyst, and Molly Schaefer, Senior Documentation Specialist.

“Our new Lake Oswego team provides opportunity for increased growth, portfolio diversification, and presence in the greater Portland market. We are excited to welcome our new teammates and celebrate this important milestone,” says Walker Evans, EVP and Chief Lending Officer.

Bank of the Pacific has been growing steadily with new branches recently opening in Olympia and Vancouver, WA.

Bank of the Pacific offers consumer banking products, residential mortgage origination and commercial banking services to small-to-medium sized businesses and professionals in western Washington and Oregon. As of October 27, 2023, the company had total assets of $1.18 billion and operated seventeen branches in the communities of Grays Harbor, Pacific, Whatcom, Skagit, Clark and Wahkiakum counties in the State of Washington, and Clatsop County, Oregon. The company also operates loan production offices in the communities of Bellingham and Burlington in Washington and Lake Oswego and Salem in Oregon. To learn more visit bankofthepacific.com. Member FDIC and Equal Housing Lender.

Contact:
Walker Evans, EVP, Chief Lending Officer
wevans@bankofthepacific.com, (360) 756-9179


FAQ

What is the latest expansion announcement from Pacific Financial Corporation?

Pacific Financial Corporation is excited to announce its growing presence in the Portland market with a new commercial banking center in Lake Oswego.

Who are the key leaders of the new commercial banking center in Lake Oswego?

The new team of seven is led by Katherine Ledson, SVP and Commercial Banking Team Leader, and Jon Little, SVP and Commercial Real Estate Manager.

What are the qualifications and experience of Katherine Ledson and Jon Little?

Katherine Ledson has 17 years' banking experience and a proven track record for successfully building and leading a commercial team in the market. Jon Little has 18 years' banking experience, all based in Portland and predominately in commercial real estate.

What is the significance of the expansion for Bank of the Pacific?

The new Lake Oswego team provides opportunity for increased growth, portfolio diversification, and presence in the greater Portland market.

What are the services offered by Bank of the Pacific?

Bank of the Pacific offers consumer banking products, residential mortgage origination, and commercial banking services to small-to-medium sized businesses and professionals in western Washington and Oregon.

Pacific Financial Corporation

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Commercial Banking
Finance and Insurance
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United States of America
Aberdeen

About PFLC

bank of the pacific is a full service community bank based in aberdeen, wa with additional regional offices in long beach and bellingham. our bank is committed to providing professional, convenient and personalized financial services to the individuals and businesses of grays harbor, pacific, skagit, wahkiakum and whatcom counties in washington state, as well as clatsop and marion counties in oregon.