April 22nd, 2003
Oregon Coast Bank Rapidly Approaching Lending Milestones
Newport, OR – Perhaps the most important function of any community bank is to provide loans for local families and businesses. This month, Newport-based Oregon Coast Bank, Lincoln County’s only locally owned and operated financial institution, announced that it was rapidly approaching two lending milestones. After just 10 months of operation, Oregon Coast Bank has made almost 500 loans, totaling nearly $25 million.
January 24th, 2003
Oregon Coast Bank Construction Ahead of Schedule
Newport, OR –There is nothing unusual about delays in commercial construction. What is unusual is for a large project to actually be ahead of its construction schedule. But for Oregon Coast Bank, that is exactly what has occurred so far. Construction for the locally owned and operated community bank’s headquarters building began in November. The building, which is located across from Embarcadero on Newport’s bayfront, has now been framed and is “actually ahead of schedule”, according to Fred Postlewait, the bank’s President and Chief Executive Officer.
November 27th, 2002
Oregon Coast Bank Exceeds Performance Milestone
Newport, OR – In July, when Oregon Coast Bank first opened its doors, the board of directors of the Newport-based community bank had a financial benchmark to live up to. “Some of us had been part of the startup of Lincoln Security Bank,” explained Fred Postlewait, Oregon Coast Bank’s President and Chief Executive Officer. Lincoln Security Bank had been one of Oregon’s fastest growing independent community banks, surpassing the $20 million mark in total assets in just one year of operations. However Oregon Coast Bank has grown even more rapidly. The bank recently announced that it had surpassed the $20 million total asset milestone in less than four months since first opening its doors.
October 9th, 2002
Vickie Spencer Named Executive Vice President of Oregon Coast Bank
Newport, OR – The board of directors of Oregon Coast Bank has announced that longtime Newport banker Vickie Spencer has been promoted to Executive Vice President. Spencer joined the bank this past April and played an active role in preparing the bank for its July opening. She is the bank’s loan administrator and as such is responsible for loan quality, staff training and legal compliance as well as personally handling many customer loan requests.
September 6th, 2002
Oregon Coast Bank Celebrates Grand Opening
Newport, OR – On Thursday night, Lincoln County’s newest financial institution held a grand opening party for its customers and the community. Fortunately the weather was perfect, because the large crowd spilled out of the Oregon Coast Bank lobby into the parking lot.
July 8th, 2002
Oregon Coast Bank Opens Today
Newport, OR – It has been just nine months since the organizational efforts began, but starting today Lincoln County has a new locally owned and operated financial institution. Funded by more than 125 local stockholders and managed by a team of experienced local bankers, Oregon Coast Bank is the county’s only independent community bank.
June 7th, 2002
Temporary Office For Oregon Coast Bank Arrives On Bayfront
Newport, OR – A 2,600 square foot modular building has been placed at 909 SE Bay Boulevard on formerly vacant land across from The Embarcadero. The building will temporarily house Lincoln County’s newest and only locally owned and operated financial institution, Oregon Coast Bank. The bank’s permanent home, which is currently in the design stage, will also be built on the property.
May 27th, 2002
Customer Service Team Reunited
Newport, OR – If the names and smiling faces look familiar, it’s for good reason. As a team, Lavonne Fritz and Nancy Johnson have been opening new bank accounts and providing friendly service to local customers for more than 10 years. But now the team will have a new home. Fritz and Johnson have both accepted offers to join the staff of Lincoln County’s newest financial institution, Oregon Coast Bank (in organization).
May 20th, 2002
Oregon Coast Bank Stock Sale Surpasses Goal
Newport, OR – It has been just seven months since the organizational efforts began, but Lincoln County will soon have a locally owned and operated financial institution. After easily surpassing their initial $4 million funding goal, the board of directors of Oregon Coast Bank (in organization) have closed their initial stock offering. A temporary office will be moved onto the bank’s property at 909 SE Bay Boulevard (across from the Embarcadero) during the first week of June. Oregon Coast Bank (in organization) has set July 8th as the target date for its first day of operations.
April 22nd, 2002
Oregon Coast Bank Unveils New Logo
Newport, OR – A compass rose representing Lincoln County’s nautical heritage will be the dominant image of the logo for Oregon Coast Bank (in organization). The bank, which has already received conditional approval from both the State of Oregon and the FDIC, will open its doors to the public at the completion of its initial stock offering. Oregon Coast Bank’s headquarters and first office will be located in Newport.