April 15th, 2002
Cora Warfield Joins Oregon Coast Bank Management Team
Newport, OR – The Board of Directors of Oregon Coast Bank (in organization) have named long-time local banker Cora Warfield as Vice President/Cashier. Having recently received preliminary approval from both the State of Oregon and the FDIC, Oregon Coast Bank (in organization) expects to begin operations at the completion of its initial stock offering. When the locally-owned bank opens, its entire senior management team will be made up of residents with extensive local bank management experience.
April 8th, 2002
Vickie Spencer Name Senior Vice President of Oregon Coast Bank
Newport, OR – Longtime local banker, Vickie Spencer will join the management team at Oregon Coast Bank (in organization) as senior vice president. The bank, which has received conditional approval from both the state of Oregon and the Federal Deposit Insurance Corporation, will open at the conclusion of its initial stock offering. Spencer and Fred Postlewait, the bank’s president and chief executive officer, have already begun preparations for the bank’s opening.
April 2nd, 2002
Oregon Coast Bank Announces Board of Directors
Newport, OR – Six central coast residents have been named as charter members of the board of directors of Oregon Coast Bank (in organization). The locally owned and operated community bank, which recently received preliminary regulatory approval from both the state of Oregon and the FDIC, will open its first office in Newport at the completion of its initial stock offering. Charter members of the board of directors will be Dr. Richard Beemer, Frank Brawner, Duane Edwards, Cindy McEntee, Richard Murry, Jr., and Fred Postlewait.
March 18th, 2002
New Community Bank Receives Regulatory Approvals
Newport, OR – Oregon Coast Bank (in organization) has received preliminary approvals from both the State of Oregon and the Federal Deposit Insurance Corporation to form a new community bank headquartered in Newport to serve Lincoln County. Plans for the new bank have moved rapidly since it was announced last year that Lincoln County’s only locally owned and operated community bank, the former Lincoln Security Bank, was being purchased by Umpqua Holdings. Umpqua operates a chain of banks throughout the state. The directors of Oregon Coast Bank (in organization), all coastal residents, felt that it was imperative that Lincoln County had at least one locally owned and operated financial institution.