Byline: The Register-Guard
LibertyBank reports record profit in last quarter of '04
Eugene-based LibertyBank reported record profits in its second fiscal quarter, which ended Dec. 31. Consolidated earnings reached $2 million for the first time in any quarter and were up 9.5 percent from a year ago, the bank said.
Chief Executive Bob Fenstermacher said record loan production was driving the earnings growth. "Our loan production for the second quarter exceeded $100 million and is an indication of the success of the bank's enhanced business development program," he said.
The bank opened two new offices in Eugene Eugene, city (1990 pop. 112,669), seat of Lane co., W Oregon, on the Willamette River; inc. 1862. A processing and shipping center in a farming area, the "Emerald City" has lumbering, food-processing, and microchip and other electronics industries. during the quarter, which will provide additional growth, he said. Total assets grew by $32 million, to $580 million at the end of the quarter. LibertyBank is the largest privately held bank headquartered in Oregon Oregon, city, United States
Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. , with 13 offices from Grants Pass to Portland Portland, town, England
Portland, town (1991 pop. 12,945), Dorset, S England. It is on the Isle of Portland, a small rocky peninsula. Portland stone has been used in St. Paul's Cathedral and other important London buildings. Lobsters and crabs are harvested. .
Pacific Continental reports
increase in profits, assets
Eugene-based Pacific Continental Corp., the parent company of Pacific Continental Bank, reported a profit of $2.2 million in the fourth quarter, up 23.6 percent from a year ago.
Earnings per share rose to 25 cents, from 21 cents a year ago, and operating revenues operating revenue
Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. rose 16 percent, to $8 million. For the year as a whole, profits increased 16 percent, to $7.9 million, with earnings per share rising 14 percent, to 90 cents. Assets grew by $90.9 million during the year, to $516.7 million, the first time assets have exceeded $500 million.
Chief Executive Hal Brown Hector Harold Brown (born December 11, 1924 in Greensboro, North Carolina) is a former pitcher in Major League Baseball who played from 1951 through 1964 for the Chicago White Sox (1951-52), Boston Red Sox (1953-55), Baltimore Orioles (1955-62), New York Yankees (1962) and Houston said the bank saw strong growth in assets and loans and continued improvement in its portfolio credit quality during the year. The bank continued to expand in Portland, and its total assets are now about equally distributed between the Portland and Lane County markets, he said.
Louisiana Louisiana (ləwē'zēăn`ə, lē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. chain finishes buyout Buyout
The purchase of a company or a controlling interest of a corporation's shares.
A leveraged buyout is accomplished with borrowed money or by issuing more stock. of Eugene's Obie O·bie
An award given annually for exceptional achievement in off-Broadway theater.
[From O.B., abbr. for off-Broadway.] Media
Louisiana-based Lamar Advertising said on Wednesday that it has completed its purchase of Eugene-based Obie Media Corp. in a deal valued at about $43 million, plus the assumption of $23 million of Obie's debt.
Each share of Obie common stock was converted into the right to receive 0.1665 of a share of Lamar common stock. Lamar has issued about 1 million shares of stock as a result of the deal. Lamar currently operates 153 outdoor advertising companies in 43 states as well as logo advertising businesses and transit advertising franchises. Obie sells advertising displays on billboards, transit shelters and transit vehicles. - From Register-Guard
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