Centennial Bancorp Announces Chief Financial Officer.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--April 20, 2001 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 ) has announced the appointment of Neal T. McLaughlin to the position of Executive Vice President and Chief Financial Officer for Centennial Bank and Centennial Bancorp. His appointment is effective May 1. Mr. McLaughlin will join Centennial Bank's executive management team and head the newly formed Financial Administration Division at Centennial's corporate headquarters in the Portland business district. Michael J. Nysingh will continue in his role as Senior Vice President and Cashier CASHIER. An officer of a moneyed institution, who is entitled by virtue of his office to take care of the cash or money of such institution. 2. The cashier of a bank is usually entrusted with all the funds of the bank, its notes, bills, and other choses in in Eugene, overseeing the bank's daily financial operations and funds management. Mr. McLaughlin, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , comes to Centennial Bank from Columbia Bancorp in The Dalles dalles pl.n. The rapids of a river that runs between the steep precipices of a gorge or narrow valley. [French, pl. of dalle, gutter, from Old French, from Old Norse dæla.] , Oregon, where he most recently held similar responsibilities and title. His banking career spans eight years in various positions of increasing responsibility at Columbia Bancorp, including Loan Officer, Financial Officer and Controller. He will oversee both Centennial Bank and Centennial Bancorp financial activities, and direct all activities of Centennial's financial division to include financial administration, controller activities, treasury management, investor relations Investor relations The process by which the corporation communicates with its investors. and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . Mr. McLaughlin will report directly to Ted R. Winnowski, President and Chief Executive Officer of Centennial Bancorp and Centennial Bank. "Centennial Bank is very excited to have a financial executive with Neal's local, community-based financial background and experience," Mr. Winnowski said. "He will lend financial and strategic leadership as we continue to grow rapidly. He will be a valuable member of our executive team as we become a more integrated financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company in the future." In addition to his new responsibilities and duties at Centennial Bank, Mr. McLaughlin will be highly active in the Portland community. He has been an active member of the Oregon Bankers Association (OBA o·ba n. A hereditary chief or king among various peoples of Benin and Nigeria. [Of African origin.] ), serving as Chairman of the OBA Financial Officers and Investment Committee. About Centennial Bancorp Centennial Bancorp is a bank holding company organized in 1981, whose prinicipal subsidiary is Centennial Bank. Both have headquarters in Portland. Centennial Bank is focused on business banking and operates twenty-one banking offices: twelve in the Portland area, two in Vancouver, Washington
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. , one in Salem and six in Lane County. Centennial Bancorp also operates Centennial Mortgage, which is engaged in residential mortgage banking. Centennial Mortgage has five offices located in Portland, Salem and Eugene. As of March 31, 2001, Centennial Bancorp's assets were $857 million. Centennial Bancorp's common stock is traded on the NASDAQ National Market under the symbol "CEBC." For more information, please contact Centennial Bancorp, 1 SW Columbia Street, Suite 900, Portland, Oregon 97258. Telephone: 503/973-5556. FAX: 503/973-5557. Web: www.centennialbank.com. |
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