Centennial Bank Announces Plans for Full-service Gresham Office.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 1, 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 ) announced today the development of its next full-service banking office in the Portland metropolitan area The Portland-Vancouver, Oregon-Washington, Metropolitan Statistical Area, also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. . Centennial Bank will expand further east, and open at Gresham Station, a fast growing suburban and retail hub near downtown Gresham at southeast Division and 204th Streets. Centennial's new Gresham Station office sports an appealing compact design and storefront accessibility. Its location is easily convenient to nearby retail, restaurants, office space, housing and the Metropolitan Area Xpress Transit (MAX) line. The new branch is expected to open in December. "We are very excited to have this opportunity to join the Gresham community in this rapidly growing suburban area," said Ted Winnowski, Centennial's president and chief executive officer. "Our highly personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. style of banking fits well with Gresham Station's mix of retail tenants and clientele. This location provides an excellent opportunity to grow." "The Gresham Station branch also continues the rapid expansion of our banking organization in general, marking our sixteenth office throughout the greater Portland area, which also includes seven offices in Portland retirement centers," continued Winnowski. "The bank has a strong reputation for personal attention and local management, which was high on our list," said Kim Maguire, regional marketing director for Center Oak Properties. "We are very pleased to be working with Centennial as our banking services partner." Centennial Bank delivers a full offering of personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. such as Ultra Rate Accounts, tiered money market accounts, Fifty Plus Accounts, online banking, debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. and credit cards, and lending products. In particular, 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 cash management, online business insurance, leasing, and other commercial services. Centennial Bank, with headquarters in Portland, operates 22 banking offices. Thirteen are in the Portland metropolitan area, which includes seven limited-service retirement center branches; two are 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 is in Salem; and six are in Lane County. As of June 30, 2001, assets of Centennial Bancorp, parent company of Centennial Bank, were $853 million. For more information, please contact Centennial Bancorp, One SW Columbia Street, Suite 900, Portland, OR 97258. Telephone: 503/973-5556. FAX: 503/973-5557. Web address: www.centennialbank.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995, including statements concerning the continued financial performance of the company and its plans and opportunities for expansion and future growth. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially than those expected. Specific risks include, but are not limited to, general business and economic conditions, as well as other factors listed from time to time in Centennial Bancorp's SEC reports. |
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