LibertyBank finishes strong year with record quarter profits
Eugene-based LibertyBank reported record profits of $2.1 million for the fourth quarter of its fiscal year, which ended June 30. Bank officials said the company finished out its most profitable year yet, with profits of more than $8 million. Total assets as of June 30 were $675 million, 24 percent higher than the previous year.
"We have had a very strong year in terms of loan production, increasing by 43 percent over the previous fiscal year,' said Bob Fenstermacher, LibertyBank chairman and chief executive. `We have seen a combined $15 million in deposit growth during the first six months of the operation of our two newest offices in Eugene, and our plans call for continued expansion in the Eugene/Springfield community.'
LibertyBank is the largest privately held bank headquartered in Oregon, with 13 offices in Eugene, Springfield, Bend, Grants Pass, Medford and Portland.
Chamber seeks nominations
for annual Emerald Awards
The Eugene Area Chamber of Commerce will accept nominations for the second annual Emerald Awards through Thursday. The awards recognize local businesses that make positive contributions to the economic health and vitality of the community.
Awards are divided into four categories: job growth, community caring, environmental values and innovation. Any business in the larger Eugene/Springfield area is eligible. Chamber membership is not required for either nominators or nominees.
Award winners will be announced Sept. 21 at a celebration at the Hult Center for the Performing Arts. Those interested in nominating a business may pick up a nomination form at the Eugene Area Chamber of Commerce at 1401 Willamette St., in the June/July issue of Open for Business magazine, or by visiting the Chamber's Web site at www.eugenechamber.com.