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Bank of the Pacific Launches New Location in Lake Oswego, Oregon

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Bank of the Pacific, a subsidiary of Pacific Financial (OTCQX: PFLC), has launched a new location in Lake Oswego, Oregon on August 19, 2024. This new site primarily serves as a commercial banking center while also offering expanded retail and consumer account services. The location includes an ITM for cash and deposit services, and customers will continue to have access to the bank's network of branches and technology-based banking services.

Walker Evans, Chief Lending Officer, expressed excitement about the new permanent home in Lake Oswego, which will enable better service to the market and increased visibility. As of July 26, 2024, Pacific Financial had total assets of $1.1 billion and operated eighteen branches in Washington and two in Oregon, along with loan production offices in Burlington, Washington and Salem, Oregon.

La Bank of the Pacific, una filiale di Pacific Financial (OTCQX: PFLC), ha inaugurato una nuova sede a Lake Oswego, Oregon il 19 agosto 2024. Questo nuovo sito funge principalmente da centro di banking commerciale, offrendo anche servizi retail e per conti consumer ampliati. La sede include un ITM per servizi di cassa e deposito, e i clienti continueranno ad avere accesso alla rete di filiali e ai servizi bancari basati sulla tecnologia della banca.

Walker Evans, Chief Lending Officer, ha espresso entusiasmo per la nuova sede permanente a Lake Oswego, che permetterà di servire meglio il mercato e aumentare la visibilità. A partire dal 26 luglio 2024, Pacific Financial aveva attivi totali di 1,1 miliardi di dollari e operava diciotto filiali nello stato di Washington e due in Oregon, insieme a uffici per la produzione di prestiti a Burlington, Washington e Salem, Oregon.

Bank of the Pacific, una subsidiaria de Pacific Financial (OTCQX: PFLC), ha inaugurado una nueva ubicación en Lake Oswego, Oregón el 19 de agosto de 2024. Este nuevo sitio sirve principalmente como un centro de banca comercial y también ofrece servicios ampliados de cuentas minoristas y de consumo. La ubicación incluye un ITM para servicios de efectivo y depósitos, y los clientes seguirán teniendo acceso a la red de sucursales y servicios bancarios basados en tecnología del banco.

Walker Evans, Director de Préstamos, expresó su emoción por el nuevo hogar permanente en Lake Oswego, que permitirá un mejor servicio al mercado y una mayor visibilidad. A partir del 26 de julio de 2024, Pacific Financial tenía activos totales de 1.1 mil millones de dólares y operaba dieciocho sucursales en Washington y dos en Oregón, junto con oficinas de producción de préstamos en Burlington, Washington y Salem, Oregón.

태평양 금융(Pacific Financial)(OTCQX: PFLC)의 자회사인 태평양 은행(Bank of the Pacific)이 2024년 8월 19일 오리건주 레이크 오스웨고에 새로운 지점을 개설했습니다. 이 새로운 지점은 주로 상업 은행 센터로 운영되며 소매 및 소비자 계좌 서비스도 확장하여 제공합니다. 이 지점에는 현금 및 예치금 서비스용 ITM이 있으며, 고객들은 계속해서 은행의 지점 네트워크와 기술 기반 은행 서비스에 접근할 수 있습니다.

대출 책임자인 워커 에반스(Walker Evans)는 레이크 오스웨고에 새로 개설된 영구 지점에 대한 기대감을 표명하며, 이를 통해 시장에 대한 더 나은 서비스와 가시성이 증가할 것이라고 언급했습니다. 2024년 7월 26일 기준으로 태평양 금융은 총 자산 11억 달러를 보유하고 있으며, 워싱턴주에 여덟 개 지점과 오리건주에 두 개의 지점을 운영하고 있으며, 워싱턴의 벌링턴과 오리건의 세일럼에 대출 생산 사무소를 두고 있습니다.

La Bank of the Pacific, une filiale de Pacific Financial (OTCQX: PFLC), a ouvert un nouveau site à Lake Oswego, dans l'Oregon, le 19 août 2024. Ce nouveau site sert principalement de centre bancaire commercial tout en offrant également des services comptables de détail et des comptes consommateurs élargis. L'emplacement comprend un ITM pour les services de retrait et de dépôt, et les clients continueront d'avoir accès au réseau de succursales et aux services bancaires basés sur la technologie de la banque.

Walker Evans, directeur des prêts, a exprimé son enthousiasme pour le nouveau siège permanent à Lake Oswego, qui permettra d'améliorer le service sur le marché et d'accroître la visibilité. Au 26 juillet 2024, Pacific Financial avait des actifs totaux de 1,1 milliard de dollars et exploitait dix-huit succursales dans l'État de Washington et deux dans l'Oregon, ainsi que des bureaux de production de prêts à Burlington, Washington et Salem, Oregon.

Die Bank of the Pacific, eine Tochtergesellschaft der Pacific Financial (OTCQX: PFLC), hat am 19. August 2024 eine neue Filiale in Lake Oswego, Oregon eröffnet. Dieser neue Standort dient hauptsächlich als kommerzielle Bankzentrale und bietet zusätzlich erweiterte Dienstleistungen für Privat- und Geschäftskunden an. Der Standort beinhaltet ein ITM für Bargeld- und Einzahlungsservices, und die Kunden haben weiterhin Zugang zum Netzwerk der Bankfilialen und zu technologiegestützten Bankdienstleistungen.

Walker Evans, Chief Lending Officer, äußerte sich begeistert über den neuen festen Standort in Lake Oswego, der eine bessere Bedienung des Marktes und eine erhöhte Sichtbarkeit ermöglicht. Stand 26. Juli 2024 verfügte Pacific Financial über Gesamtvermögen von 1,1 Milliarden US-Dollar und betrieb achtzehn Filialen in Washington und zwei in Oregon, sowie Büros für die Kreditvergabe in Burlington, Washington und Salem, Oregon.

Positive
  • Expansion into new market with Lake Oswego, Oregon location
  • Increased visibility and potential for portfolio growth in the Portland area
  • Addition of ITM for enhanced customer services
  • Total assets of $1.1 billion as of July 26, 2024
Negative
  • None.

ABERDEEN, Wash., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Bank of the Pacific, a subsidiary of Pacific Financial Corporation (OTCQX: PFLC), has opened a new location in Lake Oswego, Oregon as of August 19, 2024. The new location serves primarily as a commercial banking center, while also offering expanded retail and consumer account services.

"We are excited to be opening a new permanent home in Lake Oswego for our commercial teams serving that market and the greater Portland area. Earlier this year we opened temporary offices and already have new clients. Our permanent location will enable us to better serve this important market and its increased visibility will be congruent with the continued growth of our portfolios. We look forward to being a contributing member of the community,” said Walker Evans, Chief Lending Officer for Bank of the Pacific.

The new site includes an ITM, enabling cash and deposit services for existing and new customers. Bank of the Pacific customers will continue to have access to the bank’s network of branch locations, as well as technology-based banking services such as mobile banking, remote deposit capture, Zelle, ATMs/ITMs, debit cards and online banking. The move will further optimize Bank of the Pacific’s branch network and maximize the use of facilities, increasing the efficient and prudent management of the bank’s capital resources.

Pacific Financial Corporation of Aberdeen, Washington, is the bank holding company for Bank of the Pacific, a state chartered and federally insured commercial bank. Bank of the Pacific offers banking products and services to small-to-medium sized businesses and professionals in Western Washington and Oregon. As of July 26, 2024, the Company had total assets of $1.1 billion and operated eighteen branches in the communities of Grays Harbor, Pacific, Thurston, Whatcom, Skagit, Clark and Wahkiakum counties in the State of Washington, and two branches in Clatsop County, Oregon. The Company also operates loan production offices in the communities of Burlington, Washington and Salem, Oregon. Visit the Company’s website at www.bankofthepacific.com. Member FDIC.

Contact:
Denise Portmann, President and CEO
(360) 533-8870


FAQ

When did Bank of the Pacific open its new location in Lake Oswego, Oregon?

Bank of the Pacific opened its new location in Lake Oswego, Oregon on August 19, 2024.

What is the primary focus of Bank of the Pacific's new Lake Oswego location?

The new Lake Oswego location primarily serves as a commercial banking center, while also offering expanded retail and consumer account services.

What was Pacific Financial 's (PFLC) total asset value as of July 26, 2024?

As of July 26, 2024, Pacific Financial (PFLC) had total assets of $1.1 billion.

How many branches does Bank of the Pacific operate in Washington and Oregon?

Bank of the Pacific operates eighteen branches in Washington and two branches in Oregon.

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