July 8th, 2004
New Oregon Coast Bank Pacific City Office Officially Opens Monday, July 19th
Pacific City, OR – With construction mostly completed, Oregon Coast Bank’s new Pacific City office will open its doors to the public on Monday, July 19th. The bank has been serving customers for the past several months in a small temporary office. The new 3000 square foot building, which is located at 35490 Airport Way, includes a drive-up window, 24-hour ATM, safety deposit boxes, night depository and plenty of off street parking.
June 4th, 2004
Oregon Coast Bank Board Elects New Officers
Newport, OR – The Board of Directors of Oregon Coast Bank has elected three officers to two-year terms. Duane Edwards will succeed Dr. Richard Beemer as Chairman. Beemer will continue to actively serve on the board. Ralph G. Hawley III has been elected Vice Chairman and Frank Brawner has been elected to a second term as Secretary.
May 6th, 2004
Free First Time Home Buyers Class To Be Held May 15th
Newport, OR – A team of Lincoln County industry professionals will offer a free First Time Home Buyers class on Saturday May 15th from 10am – 5pm. The program will be held in the board room at Oregon Coast Bank, which is located just across from the Embarcadero on Newport’s bayfront. Attendees should bring a brownbag lunch.
January 30th, 2004
Rose Wharton to Manage New Oregon Coast Bank Pacific City Office
Pacific City, OR – Longtime Cloverdale banker, Rose Wharton, has been named manager of the new Oregon Coast Bank Pacific City office. The bank will be located at 35490 Airport Way in the old Medical Office Building, which Oregon Coast Bank has purchased. Remodeling plans are now being finalized and the building is expected to be completed by mid-June. A temporary facility is slated for opening in April with limited initial services.
January 19th, 2004
Plans For Oregon Coast Bank’s New Pacific City Office Proceeding Rapidly
Newport, OR –A small sign reading “Future Home of Oregon Coast Bank” has drawn considerable attention at 34590 Airport Way in Pacific City. The independent community bank announced last month that it had chosen Pacific City as the location for its second office. Since that time, the Newport-based bank has purchased the old medical building located between Airport Way and Brooten Road and is finalizing plans for its conversion into a bank office. Oregon Coast Bank expects to receive both FDIC and state approval of its expansion plans to Pacific City before the end of January. Remodeling of the building is projected to be completed by the end of May and the bank will open soon after.
January 16th, 2004
Oregon Coast Bank Grows by 79.8% in 2003
Newport, OR –Oregon Coast Bank, Lincoln County’s only locally owned and operated financial institution, has released its 2003 financial reports which show that the bank has grown significantly in all key categories. Total assets rose to $37.8 million, an increase of 79.8% from year end 2002. Loans were also on the rise, with the number of loans increasing by 95% and total loan dollars increasing by 147%. Total deposits doubled, with the number of savings accounts increasing by 73.3% and the number of certificates of deposits increasing by 143%. Overall, the bank’s total accounts increased by a solid 76.3% during 2003.
September 8th, 2003
Oregon Coast Bank Adds $37 Million to Local Economy
Newport, OR – Last year, when more than 125 local investors raised the necessary capital to found Oregon Coast Bank, one of their stated goals was to “fuel the local economy through reinvestment”. After just 14 months of operation, Oregon Coast Bank is clearly meeting that goal.
July 24th, 2003
Oregon Coast Bank Adds Two To Real Estate Lending Team
Newport, OR – Having funded more than $30 million in loans in just its first year of operations, Newport-based Oregon Coast Bank has expanded its Real Estate Lending department with the addition of Betty Bell and Linda Christian.
June 20th, 2003
Overflow Crowd Celebrates Opening of Oregon Coast Bank’s New Building
Newport, OR – More than 400 people joined in the festivities as the new Oregon Coast Bank building was dedicated on Thursday evening. Construction of the 7,600 square foot building, which is located on Newport’s bayfront across from the Embarcadero, began in November. Quade Construction of Lincoln City was the general contractor, with subcontracting services performed by a variety of other Lincoln County professionals. The project was completed on time and on budget.
May 29th, 2003
New Oregon Coast Bank Building Opens Exactly On Schedule
Newport, OR – After just seven months of construction, customers are now banking in the new Oregon Coast Bank building. Thanks to the efforts of Lincoln City’s Quade Construction, the project’s general contractor, and several other local subcontractors, the building was opened on Monday, May 26th, which was exactly the completion date originally projected. The building is located across from the Embarcadero on Newport’s bayfront.