Medford, Oregon

PBCO Financial Corporation Completes $25 Million Subordinated Note Offering

Retrieved on: 
Friday, March 11, 2022
Banking, Professional Services, Finance, Bank, Small Business Administration, Industry, Grants Pass, Oregon, Company, OTC Markets Group, SOFR, Sheppard, Note, Central Point, Medford, Oregon, LLP, Small business, Sheppard, Mullin, Richter & Hampton, Transport, Commerce, Forward-looking statement, Security (finance)

PBCO Financial Corporation (the Company) (OTC Pink: PBCO), whose subsidiary is Peoples Bank of Commerce (the Bank), today announced that it has completed a private placement of $25 million in fixed-to-floating rate subordinated notes due March 15, 2032 (the Notes) to certain qualified buyers and accredited investors.

Key Points: 
  • PBCO Financial Corporation (the Company) (OTC Pink: PBCO), whose subsidiary is Peoples Bank of Commerce (the Bank), today announced that it has completed a private placement of $25 million in fixed-to-floating rate subordinated notes due March 15, 2032 (the Notes) to certain qualified buyers and accredited investors.
  • Thereafter, the Notes will pay interest at a floating rate, reset quarterly, equal to the then current three-month SOFR plus 242 basis points.
  • We are very pleased with the excellent result of our subordinated note offering, said Ken Trautman, Chief Executive Officer.
  • This offering provides us with low-cost capital which further strengthens our regulatory capital ratios and supports our strategic plans to continue growing the Bank, added Trautman.

Association of Insolvency and Restructuring Advisors Inducts 2021 Distinguished Fellows

Retrieved on: 
Thursday, July 15, 2021
Debt, Finance, Law firms, Money, Insolvency, Insolvency law, Bankruptcy, Hogan Lovells, Restructuring

MEDFORD,Ore., July 15, 2021 /PRNewswire/ --At its annual conference on June 16th, AIRA announced the induction of its 2021 class of Distinguished Fellows.

Key Points: 
  • MEDFORD,Ore., July 15, 2021 /PRNewswire/ --At its annual conference on June 16th, AIRA announced the induction of its 2021 class of Distinguished Fellows.
  • These individuals have contributed in many ways to the profession and to AIRA.
  • ), Hogan Lovells US LLP, Philadelphia, PA
    The Association of Insolvency and Restructuring Advisors (AIRA) is a nonprofit professional association serving financial advisors, accountants, crisis managers, business turnaround consultants, lenders, investment bankers, attorneys, trustees, and other individuals involved in the fields of business turnaround, restructuring, bankruptcy and insolvency.
  • For additional information on AIRA, visit www.aira.org .For additional conference and program information, visit https://aira.org/conference .

Lithia & Driveway (LAD) Schedules Release of Second Quarter 2021 Results

Retrieved on: 
Thursday, July 8, 2021
Lithia, Medford, Oregon

MEDFORD, Ore., July 8, 2021 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced its second quarter 2021 earnings will be released before the market opens on Wednesday, July 21, 2021.

Key Points: 
  • MEDFORD, Ore., July 8, 2021 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced its second quarter 2021 earnings will be released before the market opens on Wednesday, July 21, 2021.
  • A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.
  • To listen live on our website or for replay, visit www.lithiainvestorrelations.com and click on webcasts.
  • Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.

Lithia & Driveway (LAD) Adds Largest Toyota Store in Washington State

Retrieved on: 
Tuesday, June 29, 2021
Companies, Lithia Motors, Engines, Economy of Japan, Toyota Group, Toyota, Lithia, Medford, Oregon

MEDFORD, Ore., June 29, 2021 /PRNewswire/ --Lithia & Driveway (NYSE: LAD) today announced the acquisition of Michael's Toyota in Bellevue, Washington, expected to generate $235 million in annualized revenues.

Key Points: 
  • MEDFORD, Ore., June 29, 2021 /PRNewswire/ --Lithia & Driveway (NYSE: LAD) today announced the acquisition of Michael's Toyota in Bellevue, Washington, expected to generate $235 million in annualized revenues.
  • "This exceptional Toyota store doubles our presence and offerings in the largest automotive retail market in our northwest region," said Bryan DeBoer,President and CEO.
  • This Toyota location has historically been the largest volume dealer in the region and received numerous industry awards.
  • Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.

Agero Launches New Service to Help Automakers, Dealers and Fleets Scale and Optimize Vehicle Transportation and Delivery

Retrieved on: 
Tuesday, April 27, 2021
Technology, General Automotive, Transportation, Fleet management, Automotive Manufacturing, Travel, Manufacturing, Other Transport, Automotive, Trucking, Transport, Software, Data management, Logistics, Supply chain management, Express mail, United States Postal Service, Medford, Oregon

This includes full job visibility with real-time reporting, status updates and notifications, as well as location-based truck tracking and delivery confirmation.

Key Points: 
  • This includes full job visibility with real-time reporting, status updates and notifications, as well as location-based truck tracking and delivery confirmation.
  • To learn more about Agero Vehicle Transport, visit the website or contact an Agero representative.\nWherever drivers go, we\xe2\x80\x99re leading the way.
  • Managing one of the largest national networks of service providers, Agero responds to approximately 12 million service events annually.
  • Agero, a member company of The Cross Country Group, is headquartered in Medford, Mass., with operations throughout North America.

Lithia Motors & Driveway (LAD) Adds $2.4 Billion in Annualized Revenue with Addition of The Suburban Collection, a Major Platform in Key North Central Region

Retrieved on: 
Tuesday, April 13, 2021
States of the United States, United States, Lithia, Lithium, Medford, Oregon, Oregon, Michigan

b'MEDFORD, Ore., April 13, 2021 /PRNewswire/ -- Lithia Motors & Driveway (NYSE: LAD) todayannounced it has acquired The Suburban Collection, headquartered in Troy, Michigan.

Key Points: 
  • b'MEDFORD, Ore., April 13, 2021 /PRNewswire/ -- Lithia Motors & Driveway (NYSE: LAD) todayannounced it has acquired The Suburban Collection, headquartered in Troy, Michigan.
  • The acquisition is the first major platform in their North Central region and is expected to add $2.4 billion in annualized revenues.
  • We are pleased that David Fischer, Jr. will join our team leading and continuing to expand the Suburban Collection footprint in the North Central region.
  • "The franchise mix is perfectly suited for Lithia & Driveway\'s North Central region and provides a massive platform to build on."

Shareholders of People’s Bank and Willamette Community Bank Approve Merger

Retrieved on: 
Friday, February 12, 2021
Banking, Professional services, Finance, States of the United States, Medford, Oregon, United States, Oregon, People’s Bank of Commerce, Willamette Community Bank

Peoples Bank of Commerce (OTCPK: PBCO) (PBCO or the Company), and Willamette Community Bank (OTCPK: WMCB), announced today that, at special meetings of shareholders held on February 11, 2021, the shareholders of both PBCO and WMCB respectively, approved the proposed merger, pursuant to the Agreement and Plan of Merger and subsequent amendment (the Merger Agreement).

Key Points: 
  • Peoples Bank of Commerce (OTCPK: PBCO) (PBCO or the Company), and Willamette Community Bank (OTCPK: WMCB), announced today that, at special meetings of shareholders held on February 11, 2021, the shareholders of both PBCO and WMCB respectively, approved the proposed merger, pursuant to the Agreement and Plan of Merger and subsequent amendment (the Merger Agreement).
  • Subject to the terms of the Merger Agreement, Willamette Community Bank will merge with and into Peoples Bank of Commerce, with Peoples Bank of Commerce surviving the merger.
  • Founded in 1998, Peoples Bank of Commerce is the only locally owned and managed community bank in Southern Oregon.
  • Peoples Bank of Commerce is a full service bank headquartered in Medford, Oregon with branches in Medford, Ashland, Central Point, Grants Pass and Klamath Falls.

People’s Bank of Commerce Reports Earnings

Retrieved on: 
Thursday, January 21, 2021
Banking, Professional services, Finance, States of the United States, Medford, Oregon, United States, Oregon

Peoples Bank of Commerce (OTCBB: PBCO) announced today its financial results for the fourth quarter and full year 2020 operations.

Key Points: 
  • Peoples Bank of Commerce (OTCBB: PBCO) announced today its financial results for the fourth quarter and full year 2020 operations.
  • The bank reported net income of $6,131,000 for the full year of 2020 compared to $4,068,000 in 2019, a 51% increase.
  • Founded in 1998, Peoples Bank of Commerce is the only locally owned and managed community bank in Southern Oregon.
  • Peoples Bank of Commerce is a full-service bank headquartered in Medford, Oregon with branches in Medford, Ashland, Central Point, Grants Pass and Klamath Falls.

Allegiant Announces Major Service Expansion With 15 New, Nonstop Routes, Two New Cities

Retrieved on: 
Tuesday, November 17, 2020
Allegiant Air, Grand Junction Regional Airport, Medford, Oregon, Rogue Valley International–Medford Airport, GJT, States of the United States, McCarran International Airport, Pittsburgh International Airport, Transportation in the United States, Clark County, Nevada

LAS VEGAS, Nov. 17, 2020 /PRNewswire/ --Allegiant (NASDAQ: ALGT) today announces 15 new nonstop routes, including nine routes to two new cities: Orange County, California and Spokane, Washington.

Key Points: 
  • LAS VEGAS, Nov. 17, 2020 /PRNewswire/ --Allegiant (NASDAQ: ALGT) today announces 15 new nonstop routes, including nine routes to two new cities: Orange County, California and Spokane, Washington.
  • "We are continuing to expand Allegiant's network to provide customers with even more convenient, nonstop options for any travel occasion."
  • Grand Junction, Colorado via Grand Junction Regional Airport (GJT) beginning Feb. 12, 2021 with fares as low as $69* each way.
  • Medford, Oregon via Rogue Valley International-Medford Airport (MFR) beginning Feb. 12, 2021 with fares as low as $69* each way.

People’s Bank Reports Earnings

Retrieved on: 
Wednesday, October 28, 2020
Banking, Professional services, Finance, States of the United States, Medford, Oregon, United States, Oregon

Through a donation to the Peoples Bank of Commerce Foundation of more than $1.2 million, the bank and its employees are proud to support the newly formed Southern Oregon Housing Initiative.

Key Points: 
  • Through a donation to the Peoples Bank of Commerce Foundation of more than $1.2 million, the bank and its employees are proud to support the newly formed Southern Oregon Housing Initiative.
  • Founded in 1998, Peoples Bank of Commerce is the only locally-owned and managed community bank in Southern Oregon.
  • Peoples Bank of Commerce is a full-service bank headquartered in Medford, Oregon with branches in Medford, Ashland, Central Point, Grants Pass and Klamath Falls.
  • These forward-looking statements generally can be identified by phrases such as Peoples Bank or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import.