Oregon

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

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

MB Acquisition Bancorp agreed to buy $20 million to $30 million of newly issued common stock to help the $201.2 million-asset bank meet the minimum capital ratio requirements in its regulatory orders.

State regulators have approved an application from OnPoint Community Credit Union in Portland, Ore., to add Crook and Jefferson counties in central Oregon to its field of membership.

Data on failed banks sold in the first 10 weeks of the year hints at a broader shift toward buyers going it alone.

Unitus Community Credit Union in Portland, Ore., pledged Tuesday to keep offering free checking and free online services such as bill pay even as many banking companies are starting to charge fees for the services.

Regulators shuttered The First National Bank of Davis, a $90 million-asset institution in Oklahoma, and the $190 million-asset Legacy Bank in Milwaukee. The two closures brought the year's toll to 25.

While states like Washington and Oregon have had their share of failures, there have been several deals to save larger struggling banks there, too. Add Cascade Financial Corp. in Everett, Wash., to that pile.

The $1.4 billion-asset company said Wednesday that it received notice from the Nasdaq on Monday that it is in compliance with listing requirements just shy of a March 10 deadline.

Peoples Bancorp Inc. of Marietta, Ohio, and Albina Community Bancorp in Portland, Ore., said their chief executives are leaving.

Cascade Bancorp in Bend, Ore., said Monday that shareholders overwhelmingly approved a plan to sell common stock to a group of outside investors.

Shareholders at PremierWest Bancorp in Medford, Ore., have approved a reverse split of the company's stock, which could boost its share price.

Nasdaq is giving a number of struggling companies a little more breathing room, making it easier for stocks to stay on the exchange even after falling short of listing requirements.

The cities of Beaverton and Lake Oswego have launched programs this year to move public funds from state investment pools into certificates of deposit at local, civic-minded banks.

Cascade Bancorp of Bend, Ore., finally secured the capital it has been pursuing for months, with the help of a new investor -- Wilbur Ross.

Cascade Bancorp in Bend, Ore., had until last Friday to secure $150 million of badly needed capital, and it remains unclear whether it got the funding.

West Coast Bancorp in Lake Oswego, Ore., reported net income Friday of $6.1 million in the third quarter, making it the company's first profitable quarter in more than two years.

Nearly a year after the Federal Deposit Insurance Corp. said it would resume revealing the losing bids for failed banks, bankers and others in the industry find its disclosures wanting.

Umpqua Bank said Wednesday that it is opening a commercial banking center in northern Nevada that will be led by a former US Bank commercial banking veteran in that market.

Recent lawsuits could stop community banks in at least two states from deliberately processing the largest transactions first — a method that triggers additional overdrafts and thus higher fees — after a California judge ruled against Wells Fargo & Co. last month.