July 9th, 2007
Joe Postlewait Named Manager of New Oregon Coast Bank Waldport Office
Waldport, OR – The Board of Directors of Oregon Coast Bank has announced that Joe Postlewait will be the manager of the bank’s newest office which is currently under construction in Waldport. The cedar clad structure is being built on property the bank owns on NW Spring Street, just north of the intersection of Highways 101 and 34. Oregon Coast Bank expects to open its new Waldport branch during the fall.
February 12th, 2007
Doreen Howry Named Vice President / Compliance & Technology for Oregon Coast Bank
Newport, OR – The Board of Directors of Oregon Coast Bank has unanimously voted to promote Doreen Howry to the position of Vice President / Compliance & Technology. Howry has been a key member of the Oregon Coast Bank management team since the bank first opened in July of 2002.
February 5th, 2007
Oregon Coast Bank Promotes Cora Warfield to Senior Vice President / Bank Operations
Newport, OR – Based on her key role in the bank’s continued strong financial performance, the Board of Directors of Oregon Coast Bank has unanimously voted to promote Cora Warfield to the position of Senior Vice President / Bank Operations. Warfield first joined Oregon Coast Bank’s management team in the spring of 2002, before the bank opened its first office. Since then, she has played an active part in the bank’s rapid growth to its current level of three offices and more than $83 million in total assets.
December 18th, 2006
Jill Postlewait Named Manager of Oregon Coast Bank’s Newport Office
Newport, OR – The Board of Directors of Oregon Coast Bank has unanimously voted to promote Jill Postlewait to the position of Assistant Vice President/Bank Manager – Newport Office. Postlewait has already started in her new position.
March 8th, 2006
Oregon Coast Bank to Open Lincoln City Office
Lincoln City, OR – A banner reading “Oregon Coast Bank Temporary Lincoln City Office Opening Soon” has drawn considerable attention along Highway 101. The independent community bank recently announced that it had chosen Lincoln City as the location for its third office. The Newport-based bank has purchased property on SW 12th Street (directly behind NAPA and across Highway 101 from the factory outlets) and is finalizing plans for the construction of a permanent Lincoln City office which is projected to be completed in January of 2007. Oregon Coast Bank expects to receive both FDIC and state approval of its expansion plans to Lincoln City before the end of this month. The bank has leased temporary office space at 1800 SE Highway 101 (just north of the Hilltop Inn) and plans to open around May 1st of this year.
January 16th, 2006
Oregon Coast Bank Successfully Converts to Subchapter S Corporation
Newport, OR – Since 1986 more than 2,300 independent American banks have elected to convert into Subchapter S Corporations. That total represents more than 25% of the entire industry and the percentage continues to grow. In December, more than 90% of Oregon Coast Bank’s 237,000 shares participated in an election on the question of whether to add Oregon Coast Bank to the list of Subchapter S banks. Of the shares voting, 95.8% voted in favor of the conversion and the creation of a new holding company, Oregon Coast Bancshares, Inc. The conversion, which has no affect on the day to day operations of Oregon Coast Bank, became official as of January 1, 2006.
January 11th, 2006
Oregon Coast Bank to Build Waldport Office
Waldport, OR – After months of speculation Oregon Coast Bank has confirmed that it will soon build the bank’s newest office in Waldport. The bank has purchased property on NW Spring Street, just north of the intersection of Highways 101 and 34. Oregon Coast Bank has applied to both FDIC and state for approval of its expansion plans to Waldport. Construction of the 2,500 square foot office will begin in late January with completion tentatively slated for this summer.
March 31st, 2005
Oregon Coast Bank Surpasses $100 Million Loan Milestone
Newport, OR –Community banks offer a wide variety of financial services, but by far their most important function is to provide loans for local families and businesses. During March, Oregon Coast Bank, a locally owned and operated financial institution, surpassed the $100 million mark in loans to the community. Perhaps even more significant is the fact that the bank achieved the milestone in less than three years of operations.
October 26th, 2004
Twenty Complete First Time Home Buyers Course
Newport, OR – With mortgage rates still close to 40-year lows, many consumers are discovering that they can own a home for a monthly payment that is actually less than what they are currently paying for rent. However for most people, buying a first home can be a daunting process. In response, a team of Lincoln County industry professionals have been offering a series of First Time Home Buyers classes. The most recent session, held this past Saturday in the board room at Oregon Coast Bank, attracted twenty enthusiastic attendees.
August 25th, 2004
Overflow Crowd Celebrates Opening of Oregon Coast Bank’s New Pacific City Office
Pacific City, OR – More than 350 people joined in the festivities as the new Pacific City office of Oregon Coast Bank was dedicated on Tuesday evening. Remodeling of the 3000 square foot building, which is located at 35490 Airport Way, began in March. Quade Construction of Lincoln City was the general contractor, with subcontracting services performed by a variety of other central coast professionals. The project was completed on time and on budget.