909 SE Bay Boulevard
PO BOX 2280
Newport, OR 97365

Ed Wiles Named To Oregon Coast Bank Board of Directors

For Immediate Release

Friday, October 10, 2011

Contact: Fred Postlewait
              Oregon Coast Bank

Newport, OR – Newport-area businessman Ed Wiles is the newest member of the Board of Directors of Oregon Coast Bank. Wiles, also a founding stockholder of the bank, was elected to fill the board position recently vacated after the retirement of Dr. Richard Beemer.

Born in Toledo and raised in Newport, Wiles received a degree in finance from Oregon State University in 1974. After working for several years in forestry road construction, he opened Wiles Construction during 1978. The company grew rapidly to become one of the coast’s most successful builders. Wiles Construction’s long list of projects includes custom homes, industrial facilities, docks, fish processing plants, schools, post offices and a variety of commercial buildings.

Investing with a partner, Wiles has also accumulated significant commercial real estate and timberland holdings, which he continues to manage. In 1998 Wiles and a longtime friend, Dave Huntsucker, partnered to start a road building and maintenance company for private timberlands, which remains active.

“Ed’s extensive construction and development experience as well as his knowledge of the local economy will be a tremendous asset to our board,” commented Fred Postlewait, President and Chief Executive Officer of Oregon Coast Bank.

“From an economic standpoint, Oregon Coast Bank has had a very positive affect on our local communities,” explained Wiles. “I’m pleased to have the opportunity to serve on the board.”

Ed and his wife of 38 years, Loretta, have two grown children and two grandchildren. Although he claims to be “semi-retired”, Wiles remains active in construction and timber projects.

Oregon Coast Bank operates offices in Newport, Pacific City, Lincoln City, Waldport and Toledo. Locally owned, the bank has grown to $171 million in assets and has provided more than $370 million in loans to local families and businesses.