Community Bank (Oregon) Explained

Community Bank
Location:Joseph, Oregon
Key People:Tom Moran, CEO
Jim Fortner, CFO
Kirk Amick, CCO
Bruce Morehead, COO
Num Locations:10
Num Employees:95 (Estimate)
Assets:$570,000,000 (2022)
Former Name:Bank of Wallowa County
Industry:Banking

Community Bank is a commercial bank serving customers in Oregon and Washington. The bank is headquartered in Joseph, Oregon.

On August 13, 2024, Washington-based credit union Spokane Teachers Credit Union (STCU) announced plans to aquire Community Bank.[1] [2] [3]

History

Community Bank was founded in May 1955 by Joseph, Oregon business leaders. At that time, the bank was named Bank of Wallowa County. The bank's name was changed to Community Bank in 1991, when the bank expanded out of Wallowa County into Pendleton, Oregon. Currently the bank operates 10 full-service branches, 7 in Northeastern Oregon and 3 in Southeastern Washington.[4]

In August 2024, Washington-based credit union Spokane Teachers Credit Union (STCU) announced plans to aquire all assets and liabilities of Community Bank pending regulatory and shareholder approval.

Communities

Community Bank has branches in the cities of Baker City, Oregon, Clarkston, Washington, Elgin, Oregon, Enterprise, Oregon, Hermiston, Oregon, Joseph, Oregon, La Grande, Oregon, Pendleton, Oregon and Walla Walla, Washington.

External links

Notes and References

  1. Web site: STCU announces Purchase and Assumption Agreement with Community Bank . 2024-08-14 . www.communitybanknet.com.
  2. Web site: STCU announces purchase and assumption agreement with Community Bank . 2024-08-14 . stcu.org . en.
  3. Web site: STCU purchasing Oregon-based Community Bank The Spokesman-Review . 2024-08-14 . www.spokesman.com.
  4. Web site: Locations We Serve Community Bank . 2024-08-14 . www.communitybanknet.com.