People’s Bank of Commerce

People’s Bank Announces Completion of Merger with Willamette Community Bank

Retrieved on: 
Monday, March 1, 2021
Banking, Professional services, Finance, People’s Bank of Commerce, Willamette Community Bank

Peoples Bank of Commerce (OTCBB: PBCO) announced that effective March 1, 2021, it completed the merger with Willamette Community Bank.

Key Points: 
  • Peoples Bank of Commerce (OTCBB: PBCO) announced that effective March 1, 2021, it completed the merger with Willamette Community Bank.
  • Ken Trautman, CEO of Peoples Bank of Commerce, stated, We are fortunate to have the opportunity to partner with Willamette Community Bank, which expands our franchise into the Willamette Valley markets.
  • Founded in 1998, Peoples Bank of Commerce is the only locally owned and managed community bank in Southern Oregon.
  • Founded in 2003, Willamette Community Bank is a full service bank headquartered in Albany, Oregon and serves customers from three offices located in Albany, Lebanon, and Salem.

People’s Bank of Commerce Announces Effective Date for Merger and Election Statement Deadline Date

Retrieved on: 
Wednesday, February 17, 2021
Banking, Professional services, Finance, ADP, Broadridge Financial Solutions, Companies, People’s Bank of Commerce, Willamette Community Bank

Any Shareholder who has not previously returned their Election Statement or wishes to change their consideration election must submit and return a completed and signed Election Statement for receipt by the Election Agent no later than the Election Deadline Date, February 22, 2021.

Key Points: 
  • Any Shareholder who has not previously returned their Election Statement or wishes to change their consideration election must submit and return a completed and signed Election Statement for receipt by the Election Agent no later than the Election Deadline Date, February 22, 2021.
  • If you need a new Election Statement form or have TECHNICAL QUESTIONS REGARDING THE ELECTION STATEMENT, CONTACT BROADRIDGE CORPORATE ISSUER SOLUTIONS.
  • Ken Trautman, CEO of Peoples Bank of Commerce, commented, We are extremely excited to welcome the Shareholders of WMCB into the PBCO Shareholder Family.
  • Founded in 1998, Peoples Bank of Commerce is the only locally owned and managed community bank in Southern Oregon.

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.

Increased Merger Consideration for Willamette Community Bank

Retrieved on: 
Saturday, January 23, 2021
Banking, Professional services, Finance, Bank of Commerce, Willamette, WMCB-LP, People’s Bank of Commerce, Willamette Community Bank

Peoples Bank of Commerce (OTCBB: PBCO) (PBCO or the Company), and Willamette Community Bank (OTCBB: WMCB), announced today the Boards of Directors for both PBCO and WMCB have unanimously approved an increase to the merger consideration, which will be forthcoming in an Amendment to the Agreement and Plan of Merger between Willamette Community Bank and Peoples Bank of Commerce.

Key Points: 
  • Peoples Bank of Commerce (OTCBB: PBCO) (PBCO or the Company), and Willamette Community Bank (OTCBB: WMCB), announced today the Boards of Directors for both PBCO and WMCB have unanimously approved an increase to the merger consideration, which will be forthcoming in an Amendment to the Agreement and Plan of Merger between Willamette Community Bank and Peoples Bank of Commerce.
  • We are very pleased to announce the increased merger consideration to our shareholders and we continue to believe this merger with Peoples Bank of Commerce is in the best interests of Willamette shareholders, said Joan Reukauf, President and Chief Executive Officer of Willamette Community Bank.
  • Weve identified some additional cost savings and we believe we have more visibility into 2021 which supports the increased merger consideration, said Ken Trautman, CEO of Peoples Bank of Commerce.
  • Peoples Bank of Commerce and Willamette Community Bank will each convene their respective special meetings of shareholders on February 11, 2021.

Willamette Community Bank to Merge With People’s Bank of Commerce

Retrieved on: 
Friday, November 6, 2020
Banking, Professional services, Finance, Willamette, Bank, OTC Bulletin Board, Economy, People’s Bank of Commerce, Willamette Community Bank

Peoples Bank of Commerce (OTCBB: PBCO) (PBCO or the Company), and Willamette Community Bank (OTCBB: WMCB), headquartered in Albany, Oregon, announced the signing of a definitive agreement whereby Willamette Community Bank will merge with and into Peoples Bank of Commerce.

Key Points: 
  • Peoples Bank of Commerce (OTCBB: PBCO) (PBCO or the Company), and Willamette Community Bank (OTCBB: WMCB), headquartered in Albany, Oregon, announced the signing of a definitive agreement whereby Willamette Community Bank will merge with and into Peoples Bank of Commerce.
  • Joan Reukauf, President and Chief Executive Officer of Willamette Community Bank added, The Willamette Community Bank team looks forward to joining Peoples Bank of Commerce to create a larger combined bank which will be better positioned to meet the needs of our customers and communities and provide greater opportunities for our employees.
  • The Boards of Peoples Bank of Commerce and Willamette Community Bank unanimously approved the transaction, which is subject to, among other conditions, approval by the shareholders of Peoples Bank of Commerce and Willamette Community Bank, regulatory approval and other customary closing conditions.
  • After closing, Willamette Community Banks three branches will continue to operate under the name Willamette Community Bank, a division of Peoples Bank of Commerce.