Centennial Bank Will Name Winnowski President.EUGENE, Ore.--(BUSINESS WIRE)--Aug. 1, 1997--Centennial Bank, wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Centennial Bancorp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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 ) today announced that Ted R. Winnowski will join the bank in January, 1998 as president and chief executive officer. In addition, Winnowski will serve on the parent Centennial Bancorp board of directors, as well as on the Centennial Bank board. Winnowski has been actively involved in Oregon banking for the past 12 years with Key Bank of Oregon. He was a banking executive with Key Bank for over 30 years, and was named chairman of Key Bank of Oregon in 1985. He assumed the additional position of chairman, president & chief executive officer of Key Bank of Washington in 1996, with responsibility for the Northwest region
The Northwest Region of Oregon, Washington and Alaska. Winnowski is past chairman of the Oregon Bankers Association and currently serves on the board of directors of Blue Cross/Blue Shield of Oregon, Greater Seattle Chamber of Commerce The Greater Seattle Chamber of Commerce is a private, membership-based organization that promotes economic prosperity in the metro region of Seattle, Washington, and provides businesses with tools to grow. and the University of Portland The University of Portland (UP) is a private Catholic university located in Portland, Oregon. It is specifically affiliated with the Congregation of Holy Cross and is the sister school of the University of Notre Dame. Founded in 1901, UP has a student body of about 3,200 students. Board of Regents An independent governing body that oversees a state's public Colleges and Universities. All 50 states have governing bodies that oversee the administration of public education. . 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. , president & chief executive officer of Centennial Bancorp, stated that the appointment of a new president & chief executive officer for Centennial Bank is the result of implementing the Succession of Management portion of the bank's Strategic Plan. "The board feels strongly that the bank is positioned well to take advantage of the significant growth opportunities available due to the recent consolidation among the largest regional banks and the robust Oregon economy. Centennial Bank is desirous de·sir·ous adj. Having or expressing desire; desiring: Both sides were desirous of finding a quick solution to the problem. de·sir of enhancing its current position as the largest bank headquartered in Oregon, and wants to assure that future bank leadership remains strong and that sufficient time is allowed with current leadership in place to provide for a smooth, orderly transition." Current Centennial Bank Chief Executive Officer Dick Williams, and President Ron Peery, plan on remaining actively involved in Centennial, but in order to provide for the desired orderly transition, will assume different responsibilities. Williams will continue as president and chief executive officer of Centennial Bancorp, and will become chairman of the board of Centennial Bank. Peery will become executive vice president and Southern regional manager, as well as remaining on the Centennial Bank board of directors. Williams stated that "Mr. Winnowski's availability in 1998 perhaps accelerated the timing of our succession of management plans, but was an opportunity that we couldn't pass up. Obtaining a banking talent with the reputation, background, and ability of Mr. Winnowski is significant and should contribute greatly to achieving our aggressive growth and shareholder value goals. I've knows Mr. Winnowski for 12 years, and have long admired his banking skills, reputation and record of industry and community leadership. He will be a great addition to our team, and we look forward to many years of his leadership." Additional information can be obtained by contacting Dick Williams, 541/342-3970. CONTACT: Centennial Bancorp Dick Williams, 541/342-3970 |
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