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Florence, Ore., January 19, 2023 – Oregon Pacific Bancorp (ORPB), the holding company of Oregon Pacific Bank, today reported financial results for the fourth quarter ended, and year ended, December 31, 2022. Highlights: Fourth quarter net income of $1.4 million; $0.20 per diluted share Annual non-PPP loan growth of $94.8 million or 24.42% Annual deposit growth of $64.2 million or …

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Community News

Oregon Pacific Bank is excited to announce the hiring of a new commercial banking team in the Portland Market. With existing branch locations in Coos Bay, Florence, Eugene, Medford, and Roseburg, the Bank’s expansion into the Portland area marks an enormous step for the $780 million dollar community bank.   “Expansion into a new market is always driven by the …

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Community News

Community Bank Week in Oregon, taking place October 17-21, 2022, is an official celebration proclaimed by Oregon’s Governor in support of the essential role Oregon’s community banks play in supporting local economies. ​Community Bank Week was founded in 2014 by the Community Banks of Oregon. Why Choose a Community Bank? Community banks are depository financial institutions that focus on the needs of families …

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Trust Matters

Ranches, dairies, timberlands, wineries, and cranberry bogs are unique to our area. Such businesses are more than a way of making a living. They are about preserving a legacy and unique way of life. The U.S. Department of Agriculture National Agricultural Statistics Service reports that family-owned farms account for 97 percent of the 2.1 million farms in the U.S. Yet …

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Trust Matters

If you own a family business and have not yet created an estate plan that includes a very detailed and well-thought-out succession plan for your family business, get started now. Here is why. Years ago, I received a call from an attorney who asked Oregon Pacific Bank to step in for the eldest son serving as successor trustee of his …

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Trust Matters

Charitable Trusts can be a flexible and efficient piece of a philanthropically inclined individual’s financial plan. Charitable Remainder Trusts have historically been used to create a retirement income stream along with a tax deduction during peak earning years, while Charitable Lead Trusts have been utilized to transfer appreciated assets to beneficiaries in a tax-efficient way. Each of these trusts provides …

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