Oregon

WASHINGTON — Marijuana businesses and banks looking to open their doors to the potentially lucrative clients suffered a blow Wednesday after House Republicans blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against banks dealing with the businesses in states with legalized pot.

WASHINGTON — Banks in states with legal marijuana businesses may warm up to them as customers if an amendment to a Senate appropriations bill becomes law.

Pacific Continental in Eugene, Ore., is planning to issue $35 million in subordinated debt that could help it fund future acquisitions.

Umpqua Holdings in Portland, Ore., will have a new chief executive in 2017. The company said Monday that Ray Davis, 67, will step down as president and CEO, effective Jan. 1. Davis, who will become executive chairman, will be succeeded by Cort O'Haver, who was named president of Umpqua Bank in April.

Umpqua Holdings in Portland, Ore., has found a bank partner to join in its bid to bring new banking technologies to market.

HomeStreet in Seattle has agreed to buy most of the assets and deposits of Bank of Oswego, including the Lake Oswego, Ore., bank's branches.

Umpqua Holdings in Oregon has promoted a business-banking executive to president of its bank unit.

Pacific Continental in Eugene, Ore., has agreed to buy Foundation Bancorp in Bellevue, Wash.

Cascade Bancorp in Bend, Ore., has agreed to buy Prime Pacific Financial Services in Lynwood, Wash.

Umpqua Holdings in Portland, Ore., plans to close 26 branches in Oregon, California, Idaho and Washington state in an effort to cut costs.

Cascade Bancorp in Bend, Ore., has named a new bank president and chief operating officer, as its chief executive hands over some of his leadership responsibilities.

Umpqua Holdings in Portland, Ore., posted stronger quarterly earnings because of an increase in mortgage banking fees and lower costs.

Umpqua Holdings in Portland, Ore., has hired Tory Nixon, who played for the San Francisco 49ers in the 1980s, as head of commercial banking.

Umpqua Holdings in Portland, Ore., has created a unit dedicated to disrupting the banking industry.

Quarterly profits fell slightly at Umpqua Holdings in Portland, Ore., because of fewer proceeds from loan sales, tighter margins and other factors.

Umpqua Holdings in Portland, Ore., said Luanne Calvert, chief marketing officer at Virgin America, will join its board on Sept. 25.

BBVA Compass' Simple said it has removed fees for its checking accounts and other banking transactions.

Umpqua Holdings in Portland, Ore., reported higher second-quarter profit, citing lower merger costs and growth in residential real estate lending and equipment finance.

Pacific Continental in Eugene, Ore., has hired the former chief financial of Tower Financial in Indiana as its new CFO.

SEATAC, Wash., and TIGARD, Ore. — The Northwest Credit Union Association on Tuesday said it has unveiled a "new online dating website" for its CUs.