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Oregon Pacific Bancorp (ORPB), established on December 17, 1979, is headquartered in Florence, Oregon. The company has grown to include full-service branches in Coos Bay and Roseburg, as well as a trust and wealth management office in Medford, and a professional banking and trust office in Eugene. Staffed by local decision-makers, Oregon Pacific Bancorp specializes in offering holistic financial services to local families and business owners.
Oregon Pacific Bancorp is committed to the growth and development of the communities it serves by investing local deposits directly into the lives, homes, and businesses of its friends and neighbors. The company's core business includes a range of financial products and services such as personal and business banking, trust services, and wealth management. Their personalized approach ensures that clients receive tailored financial advice and services that meet their unique needs.
Recently, the company has focused on enhancing its technological capabilities to provide better services to its customers. This includes improved online banking systems and mobile banking applications. Additionally, Oregon Pacific Bancorp continues to expand its financial products to offer more comprehensive solutions to its clients.
The company prides itself on its strong financial condition, which is reflected in its robust balance sheet and positive financial performance. Oregon Pacific Bancorp maintains a sound risk management framework to ensure the stability and security of its operations. Strategic partnerships with local businesses and organizations further strengthen its community ties and contribute to its sustained growth.
Through its commitment to excellence and community service, Oregon Pacific Bancorp has established itself as a trusted financial partner in the region. The company continues to seek new opportunities for growth and innovation, always with a focus on serving the best interests of its clients and the community at large.
Oregon Pacific Bancorp (ORPB) reported Q3 2024 net income of $1.8 million, or $0.26 per diluted share, compared to $1.9 million in Q2 2024. Period-end deposits grew by $18.1 million to $695.6 million, showing a 10.75% annualized growth. The bank's net interest margin slightly contracted to 3.59% from 3.65%, with cost of funds increasing to 1.41%. Loan portfolio reached $565.5 million with $18.6 million in new production at 7.45% weighted average rate. Trust fee income grew with Assets Under Management increasing by $12.7 million from Q2 2024.
Oregon Pacific Bank has appointed Lance Rudge as Executive Vice President and Chief Operating Officer (COO), marking a significant milestone in the Bank's growth and strategic expansion. Rudge brings over 20 years of leadership and operational expertise in the banking industry. In his new role, he will oversee bank operations, focusing on optimizing efficiency, enhancing customer experience, and driving business transformation.
Prior to joining Oregon Pacific Bank, Rudge held senior leadership positions at a major national bank, managing $11 billion in deposits and loans, leading 86 branches and multiple business-banking teams, and overseeing 600 employees. He has also served as an executive consultant, working with businesses to streamline operations and increase revenue.
Ron Green, President and CEO of Oregon Pacific Bank, expressed enthusiasm for the appointment, stating that Rudge's leadership will be instrumental as the bank continues to expand and deliver value to stakeholders.
Oregon Pacific Bank has launched Oregon Pacific Loan Solutions, an innovative online application system for small business loans. This digital portal offers a streamlined borrowing process for eligible Oregon businesses and nonprofits, combining modern technology with personalized community bank service. The system provides three flexible loan programs: Line of Credit, Term Financing, and Owner-occupied Commercial Real Estate, with lending limits up to $250,000 for Lines of Credit and Term Loans, and up to $350,000 for Commercial Real Estate Loans.
Available to businesses operating west of the Cascades for at least two years under current ownership, this initiative aims to make capital more accessible for local businesses. The online application allows 24/7 access, while still connecting borrowers with local bankers for personalized support.
Oregon Pacific Bancorp (ORPB) reported strong financial results for Q2 2024. Key highlights include:
- Net income of $1.9 million ($0.26 per diluted share), up from $1.6 million in Q1 2024
- Net interest margin expanded to 3.65%
- Loan growth of $12.1 million (8.80% annualized)
- Period-end loans totaled $563 million
- Deposits totaled $677.5 million
- Noninterest income grew to $2.0 million
The bank saw improvements in core earnings, asset yields, and trust fee income. However, there was an increase in classified assets and a slight rise in the cost of funds.
Amber J. White, Executive Vice President and Chief Financial Officer of Oregon Pacific Bank, has been elected to the Community Banks of Oregon (CBO) board of directors. This election recognizes her 18 years of experience in banking and public accounting, her leadership roles in the Oregon Bankers Association (OBA), and her recent achievements, including the 2021 OBA Presidential Award and the 2024 Rise Above the Rest™ Scholarship. Scott Bruun, president and CEO of CBO and OBA, praised Amber's dedication and insights. Oregon Pacific Bank looks forward to her contributions in her new role.
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