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Oregon Pacific Bank Commits to Growth in Portland Market
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Oregon Pacific Bank has announced the hiring of a new commercial banking team for its Portland market expansion. This move marks a significant development for the $780 million community bank, which currently operates branches in Coos Bay, Florence, Eugene, Medford, and Roseburg. The new team consists of experienced bankers, led by Kyle Baisch as Portland Market President. The bank plans to establish a temporary office in the SW metro area and aims to provide a full suite of banking services following regulatory approval.
Positive
Expansion into the Portland area marks a strategic growth opportunity.
Hiring experienced bankers with over 15 years of community banking experience.
Commitment to a full-service banking model with diverse offerings.
Negative
None.
FLORENCE, Ore--(BUSINESS WIRE)--
Oregon Pacific Bank is excited to announce the hiring of a new commercial banking team in the Portland Market. With existing branch locations in Coos Bay, Florence, Eugene, Medford, and Roseburg, the Bank’s expansion into the Portland area marks an enormous step for the $780 million dollar community bank.
“Expansion into a new market is always driven by the quality of employees that you can attract,” John Raleigh, EVP, Chief Lending Officer, commented. “The bank is very fortunate to have hired such a strong group of community minded bankers which have served the Portland community for the past several years.”
The following talent from the Portland area will be joining Oregon Pacific Bank, each with over 15 years of community banking experience:
Kyle Baisch, Portland Market President
Eric Deisler, Senior Vice President/Commercial Lending Team Leader
Kyle Baisch, newly hired Portland Market President, commented on his team’s recent hiring, “Our team is extremely thrilled and excited to lead the entrance of Oregon Pacific Bank into Portland. OPB has a long history of being the premier business-minded community bank in the markets they serve, and now that mission will expand into our market. With a bank that truly values community, shareholders, clients, and employees, we look forward to continuing to support businesses and nonprofits the Oregon Pacific Bank way.”
The new commercial banking team will join Oregon Pacific Bank before the end of December. The Bank intends to secure an immediate temporary office space in the general SW metro area that provides convenient access from I-5 to both I-205 and HWY 217. Oregon Pacific Bank is committed to a full-service banking model and will proceed with the regulatory approval required to convert the temporary office to a commercial banking branch.
Once the regulatory application process has been completed, the Bank's full suite of lending, deposit and online treasury management services will be made available immediately, with the ability to accept in-branch deposits. With an overall business model that focuses on delivering exceptional service through personal and technology-based channels, Oregon Pacific Bank is excited to soon offer its services to the many businesses and nonprofits within the Portland metro area.
“I am very excited about our recent hire and plans for expansion into the greater Portland metropolitan area,” said Ron Green, President and CEO of Oregon Pacific Bank. “We are confident that Kyle, Eric, Stephanie and Chris, and future team members, will continue our mission of creating value for our shareholders, employees, clients, and the communities we serve through the delivery of exceptional relationship-based service to local businesses and nonprofit agencies. We are proud to be one of Oregon’s remaining locally headquartered community banks and cannot wait to get started in Portland.”
Learn more about Oregon Pacific Bank by visiting www.opbc.com, or following the Bank on their Facebook and LinkedIn pages.
What is the significance of Oregon Pacific Bank's expansion into Portland?
Oregon Pacific Bank's expansion into Portland represents a strategic growth opportunity, allowing the bank to serve a larger customer base in a new market.
Who are the key members of the new commercial banking team at Oregon Pacific Bank?
The new commercial banking team includes Kyle Baisch as Portland Market President, Eric Deisler as Senior VP/Commercial Lending Team Leader, Stephanie Cannon as Senior VP/Relationship Banking Officer, and Christina Evans as VP/Portfolio Manager.
When will the new banking team at Oregon Pacific Bank start operating?
The new commercial banking team is expected to join Oregon Pacific Bank before the end of December.
What services will Oregon Pacific Bank offer in Portland?
Oregon Pacific Bank plans to offer a full suite of lending, deposit, and online treasury management services once regulatory approval is secured.
How long has Oregon Pacific Bank been in operation?
Oregon Pacific Bank has a long history of serving communities in Oregon, focusing on relationship-based banking.
