Community Bank is a commercial bank serving customers in Oregon and Washington. The bank is headquartered in Joseph, Oregon.
 | |
| Formerly | Bank of Wallowa County |
|---|---|
| Industry | Banking |
| Founded | 1955 |
| Headquarters | Joseph, Oregon |
Number of locations | 10 |
Key people | Tom Moran, CEO Jim Fortner, CFO Kirk Amick, CCO Bruce Morehead, COO |
| Total assets | $570,000,000 (2022) |
Number of employees | 95 (Estimate) |
| Website | communitybanknet |
On August 13, 2024, Washington-based credit union Spokane Teachers Credit Union (STCU) announced plans to acquire Community Bank.[1][2][3]
History
editCommunity Bank was founded in May 1955 by Joseph, Oregon business leaders. At that time, the bank was named Bank of Wallowa County. The bank's name was changed to Community Bank in 1991, when the bank expanded out of Wallowa County into Pendleton, Oregon. Currently the bank operates 10 full-service branches, 7 in north-eastern Oregon and 3 in south-eastern Washington.[4]
In August 2024, Washington-based credit union Spokane Teachers Credit Union (STCU) announced plans to acquire all assets and liabilities of Community Bank pending regulatory and shareholder approval.[1][2][3]
Communities
editCommunity Bank has branches in the cities of Baker City, Oregon, Clarkston, Washington, Elgin, Oregon, Enterprise, Oregon, Hermiston, Oregon, Joseph, Oregon, La Grande, Oregon, Pendleton, Oregon and Walla Walla, Washington.[4]
References
edit- ^ a b "STCU announces Purchase and Assumption Agreement with Community Bank". www.communitybanknet.com. Retrieved 2024-08-14.
- ^ a b "STCU announces purchase and assumption agreement with Community Bank". stcu.org. Retrieved 2024-08-14.
- ^ a b "STCU purchasing Oregon-based Community Bank | The Spokesman-Review". www.spokesman.com. Retrieved 2024-08-14.
- ^ a b "Locations We Serve | Community Bank". www.communitybanknet.com. Retrieved 2024-08-14.
External links
edit- Official website
- fdic.gov - cert # 17445