State Coverage: Oregon

Umpqua's 4Q Profit Jumps on Improved Asset Quality

American Banker | Jan 25

Umpqua Holdings Corp. in Portland, Ore., said late Wednesday that its fourth-quarter profit was nearly triple that of a year earlier, due largely to improved asset quality.

Add Umpqua to Roster of Banks Sued for Overdraft Practices

American Banker | Dec 30

Umpqua Bank in Portland, Ore., has become the latest bank to be sued for allegedly manipulating the way in which it processed debit card transactions in order to rake in more overdraft fees.

West Coast Bancorp Investor to Add Employee to Oregon Company's Board

American Banker | Dec 16

West Coast Bancorp Inc. in Lake Oswego, Ore., has added a director to its board with ties to a investment firm that participated in the company's 2009 private placement.

In CRE Lending, Umpqua Zigs While Others Zag

American Banker | Dec 13

Bucking an industry trend, Umpqua Holdings Corp. in Portland, Ore., is ramping up its commercial real estate lending to fill what it sees as a void in its markets.

Pacific Continental Says Single Chargeoff Will Wipe Out 4Q Profit

American Banker | Dec 12

After reporting a profit of $2.6 million in the third quarter, Pacific Continental Corp. in Eugene, Ore., is projecting a loss in the fourth quarter as result of expected writedowns on certain real estate loans.

FDIC Orders West Coast Bank to Repay Overdraft Fees

American Banker | Oct 25

West Coast Bank in Lake Oswego, Ore., has been ordered by the Federal Deposit Insurance Corp. to improve oversight of its overdraft program and reimburse customers who incurred overdraft fees last year using their debit or ATM cards.

Pacific Continental Profit More Than Doubles

American Banker | Oct 17

Pacific Continental Corp. in Eugene, Ore., reported Monday that its income for the third quarter was $2.6 million, up 125% compared with the same period a year earlier. Earnings per share more than doubled, to 14 cents, beating consensus analysts’ estimates by three cents.

Cascade in Oregon Taps Former Fifth Third Executive Zink as CEO

American Banker | Oct 07

Cascade Bancorp in Bend, Ore., has hired former Fifth Third Bancorp executive Terry Zink to become its chief executive.

Cascade Bancorp in Oregon Selling $108M in Loans

American Banker | Sep 28

Cascade Bancorp in Bend, Ore., has agreed to sell about $108 million of loans, generating $58 million in proceeds in an effort to remain well capitalized.

West Coast Earns $4.6 Million, Misses Estimates

American Banker | Jul 29

West Coast Bancorp reported a profit of $4.6M in the 2Q, a vast improvement over the same period last year, but a bit of a letdown when compared with this year's first quarter.

Moss to Step Down as Cascade's CEO

American Banker | Jul 28

Cascade Bancorp in Bend, Ore., announced this week that President and CEO Patricia L. Moss has notified its board that she intends to retire in July of next year.

Cash-Strapped Albina Posts 2Q Profit

American Banker | Jul 22

Despite having negative equity, Albina Community Bancorp in Portland, Ore., managed to turn a profit for a second quarter in a row.

Low Provision Aids Umpqua 1Q Profit

American Banker | Apr 21

Umpqua Holdings Corp. in Portland, Ore., on Thursday reported a first-quarter profit after recording its lowest loan-loss provision since mid-2007.

Oregon Bank Hires Compliance Exec

American Banker | Apr 05

West Coast Bancorp in Lake Oswego, Ore., said Tuesday that it has hired Cara Thompson, a former Umpqua Holdings Corp. executive, as its corporate compliance manager.

MBank of Oregon Gets Aid from Investors

American Banker | Mar 30

MB Acquisition agreed to buy $20M to $30M of newly issued common stock to help the Gresham, Ore., bank meet the minimum capital ratio requirements in its regulatory orders.