Centennial Bancorp Announces Board of Directors Management Change.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--June 28, 2000 Centennial Bancorp (Nasdaq:CEBC CEBC Center for Ethical Business Cultures (University of St. Thomas) CEBC Consulting Engineers of British Columbia CEBC Centre d'Études Biologiques de Chize CEBC Conselho Empresarial Brasil-China CEBC Centre For Evidence-Based Conservation ) announces the appointment of Richard C. (Dick) Williams, President and Chief Executive Officer of Centennial Bancorp, to Chairman of Centennial Bancorp's Board of Directors. Ted R. Winnowski, currently President and Chief Executive Officer of Centennial Bank, will assume the additional role of President and Chief Executive officer of Centennial Bancorp. Mr. Williams succeeds Brian B. Obie, President and Chief Executive Officer of Obie Media Corporation, who has served as Chairman since 1977. Mr. Obie will continue to serve on the Centennial Bancorp Board of Directors as well as on the Centennial Bank Board. After service of more than twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. as Board Chairman, Mr. Obie leaves with a distinguished list of Centennial Bancorp accomplishments. Starting when Centennial Bank was first established, Mr. Obie has overseen significant growth in the organization. Together with Mr. Williams, who founded Centennial Bank, he presided over the formation of Centennial Bancorp in 1981, and Centennial Bancorp's sister subsidiary, Centennial Mortgage Company, in 1985. In 1994, Centennial Bank opened a full-service office in Tigard, its first outside Lane County. Since 1997, Centennial Bank has continued rapid expansion, concentrating on the I-5 corridor I-5 Corridor can refer to the following:
Vancouver, Washington is a city on the north bank of the Columbia River, in the state of Washington, USA. It is the county seat of Clark County. to Cottage Grove, Oregon Cottage Grove is a city in Lane County, Oregon, United States. It received its name from its first postmaster, G. C. Pierce, in September 1861. Pierce's home at the time was in an oak grove. The population was 8,445 at the 2000 census. . "Centennial Bancorp is very appreciative of Mr. Obie's valuable contributions as Chairman of our organization since its inception," said Dick Williams
Richard Hirschfeld Williams (born May 7, 1929 in St. Louis, Missouri) is a former player, manager, coach and front office consultant in Major League Baseball. . "His leadership has enabled Centennial Bancorp to become recognized as a premier Northwest bank holding Company. I'm pleased that he will continue to serve on the Board of Directors as we continue to grow the performance and opportunities of the company." In his additional role as President and Chief Executive Officer of Centennial Bancorp, Mr. Winnowski will continue to focus on growth along the I-5 corridor, customer service, asset quality and profitability. Mr. Winnowski joined Centennial Bank in 1998 after a distinguished 30-year career in executive management at Key Bank. He has been instrumental in Centennial Bank's rapid transformation into a mid-sized business bank with total assets now exceeding $767 million. In addition to opening five new offices in 1999, Mr. Winnowski oversaw o·ver·saw v. Past tense of oversee. the reorganization of the bank into separate Community Banking, Commercial Banking and Credit Administration divisions now based in Portland. Mr. Williams stated that "Mr. Winnowski has proven his ability to guide the bank to its next level of development and the combining of the C.E.O. positions of both the Bancorp and Bank under his responsibility and guidance should result in maximizing the opportunities available to us and lead to greater shareholder value. I look forward to working closely with him to achieve these objectives." Centennial Bank specializes in providing depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. and lending services to small and mid-size businesses. The bank has a strong reputation for personal attention and local decision-making. Centennial Bank has been awarded the Preferred Lender designation by the Small Business Administration for fast and easy processing of SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government loans. Centennial also delivers a broad offering of other commercial services including cash management services, merchant bankcard services and equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
Centennial Bank offers a total of 15 full-service banking offices. Six are in Portland, two in Vancouver, Washington, one in Salem and six in Lane County. Centennial Bank also operates five limited service retirement center branches in the Portland area as well. |
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