909 SE Bay Boulevard
PO Box 2280
Newport, OR 97365

Oregon Coast Bank Receives Five Star Financial Safety Rating

For Immediate Release
Wednesday, Janurary 20th, 2016

Contact: Fred Postlewait
              Oregon Coast Bank

Newport, OR – Bauer Financial, which has reported on the health of the banking industry for 33 years, recently released their Star Ratings Report® to include 4th Quarter 2015 data. Oregon Coast Bank, with offices in Newport, Pacific City, Tillamook, Lincoln City, Waldport and Toledo, received five stars, the nation’s highest possible ranking.

After evaluating the financial data that is reported to federal regulators by all U.S. banks and thrifts, Bauer analysts assign a zero to five-star rating for each institution. Criteria includes liquidity, market versus book value of the investment portfolio, profitability/loss trend, capital ratio, evaluating the level of delinquent loans and repossessed assets, and community reinvestment rating (CRA). Typically, five-star institutions have twice the capital required by federal regulators.

“Banking is now a very transparent industry in that virtually everything a bank does is quantified, reported to the government and available for review,” explained Fred Postlewait, President and Chief Executive Officer of Oregon Coast Bank. “The difficulty for consumers is making sense of all that complex data. Bauer provides an important service in publishing a quick, but thorough summary, of the overall safety of customers’ banks.”

One of our prime goals is to operate a strong and secure bank and it’s always nice when independent experts confirm that success,” added Joe Postlewait, Oregon Coast Bank’s Senior Vice President – Securities & Credit Administrator.

Oregon Coast Bank is a locally owned and operated community bank with over $200 million in assets. Over the past 13 years the bank has invested more than $575 million into the central coast economy in the form of loans to local families and businesses.