909 SE Bay Boulevard
PO Box 2280
Newport, OR 97365

Joe Postlewait Elected to Oregon Coast Bank Board of Directors

For Immediate Release
Tuesday, June 23, 2015

Contact: Fred Postlewait
              Oregon Coast Bank

Newport, OR –Joe Postlewait, Vice President / Investment Securities of Oregon Coast Bank, was recently elected to a seat on the bank’s Board of Directors. Postlewait has managed the bank’s investment strategies for six years, serves on the ALCO committee and is also an experienced lender, property evaluator and manager.

A graduate of Newport High School, Postlewait attended both Linfield College and Oregon State University. After seven years in the construction business he joined the Oregon Coast Bank management training program in 2007. In December of that year, he led the bank’s expansion to Waldport, serving as manager of the new office. In May 2009 he returned to the Newport headquarters as the bank’s investment officer.

Joe and his wife Kasey reside in Newport with their three children, ages nine, seven and five. He serves on the Board of Trustees for the Pacific Communities Hospital Health Foundation and on the Oregon Coast Aquarium’s Board of Directors. In his spare time, Postlewait hunts, fishes, is an avid reader of history and runs in marathons and 50K races.

“Joe’s leadership, community banking skills and sound investment strategies have played an important role in the success of our bank,” explained Rob Thompson, Chairman of the Oregon Coast Bank Board of Directors. “He’s a valuable part of our management team and very deserving of a seat on the board.”

Locally owned and operated, Oregon Coast Bank has grown to more than $184 million in assets. The bank operates offices in Newport, Toledo, Waldport, Lincoln City, Pacific City and Tillamook. Perhaps most importantly, Oregon Coast Bank has provided more than $534 million in financing to local families and businesses.