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Oregon Pacific Bancorp (OPBP) |
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CEOCFO Current
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This is a printer friendly page! Oregon
Pacific Bancorp’s CEO, Tom Grove in 20 years has overseen the bank’s growth from
a small bank strictly in Florence Oregon, to a multi-branch organization now serving four
different communities Oregon Pacific Bancorp (OTC:OPBP) (the
"Company") is the holding company (officially formed January 1, 2003) of Oregon
Pacific Banking Co. (the "Bank") established on December 17, 1979 and
headquartered in Florence, Oregon. The Bank is a full-service commercial bank that
provides a broad range of depository and lending services to commercial enterprises,
governmental entities and individuals. From its initial office in Florence, Oregon, the
Bank now serves customers in Lane, Douglas and Coos counties, and on the central Oregon
coast, from its branches in Florence, Roseburg, Coos Bay and Sutherlin. Additional
financial services provided by the Bank include trust and asset management services, and
investment and brokerage services. The Bank's website was launched in 1998. The
Company operates through a two-tiered corporate structure. At the holding company level
the affairs of the Company are overseen by a Board of Directors elected by the
shareholders of the Company at the annual meeting of shareholders. The business of the
bank is overseen by a Board of Directors selected by the Company, the sole owner of the
Bank. Currently the respective members of the Board of Directors of the Bank and the
Company are identical. “I have been in this position going on
my 20th year.” Offers Mr. Tom Grove,
CEO of Oregon Pacific Bancorp, “It has changed from a small
bank strictly in Florence Oregon, to a multi-branch organization now serving four
different communities.” Asked to tell us what customers find at Oregon Pacific
Banking Co. that they can’t elsewhere Mr. Grove replied,
“Firstly, our customers receive immediate attention; because
every one of our branches has a reception desk right in front of the front door and that
desk is always manned with somebody who has been with the bank for a number of years and
has some experience. That person will then direct them where they need to go with service.
We don’t point them toward a telephone with an 800 number, which is what many of the
larger banks do today. If we have somebody that needs service from our trust department,
which is in the back of the Florence facility, we don’t point a finger and show them
where to go, we call the trust person and they come out and greet them and take them back
to their office.” Commenting on key staff and how Oregon Pacific is able to
hold on to them Mr. Grove says, “We
just got through having a staff gathering and the actual tenure of the people that have
been here, surprised me. Many of the key people have been here a long time, which means
they know their job well and they get to know the customer. So we don’t have the
revolving door affect that every time the customer comes through the door, they are
looking at a different face. I think that is something that is comforting to the public
today, and it is proving benefits.” Addressing investors Mr.
Grove states, “Over the last few years, many things have
been happening with the bank and have been happening in a positive manner. We are in a
rapid growth mode. The growth is being done on a de novo basis, in other words, starting
up new operations rather than doing merger acquisitions, which is a lot riskier because
you are taking on a group of people that may not be happy in the merger, and you are
taking on a loan portfolio that may or may not have problems. The fact is that this bank
has a history of 25 years of being very conservative and never being in trouble, and that
is the direction we are going.” |
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