909 SE Bay Boulevard
PO Box 2280
Newport, OR 97365

Teresa Ballhorn Named Manager of Oregon Coast Bank Newport Office

For Immediate Release
Friday, April 24th, 2015

Contact: Fred Postlewait
              Oregon Coast Bank

Newport, OR – Teresa Ballhorn has accepted a promotion to become the manager of Oregon Coast Bank’s Newport office. Ballhorn originally joined Oregon Coast Bank seven years ago as a teller. She was soon promoted to the bank’s lending department and was named Assistant Vice President / Commercial Lending in 2013. As manager of the Newport office, Ballhorn will continue to be an active lender.

Ballhorn grew up and graduated high school in Arlington, Washington. After studying accounting at a community college, she worked in the mortgage business in Arizona and Hawaii for 17 years.

Teresa lives in Siletz with her husband Art and daughter Carlee. She serves on the board of directors of Lincoln County Children’s Advocacy Center. Teresa has also served as the chairperson for Relay for Life and is active with the Newport Booster Club. A devoted runner, she participates in the Newport Marathon annually.

“Teresa has developed into an outstanding commercial and consumer lender and is known locally for her ability to finance fishing industry loans,” commented Fred Postlewait, President and Chief Executive Officer of Oregon Coast Bank. “She has worked hard to develop the skills and community banking perspective necessary for the Oregon coast market. She is another key younger executive the bank will be depending on in the coming years.”

“You can’t help but notice the tremendous rapport that Teresa has with our customers,” remarked Joe Postlewait, Oregon Coast Bank’s Senior Vice President – Securities & Credit Administrator. “She understands that having a genuine concern for customers is what community banking is all about.”

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