Centennial Moves Into Completed New Downtown Salem Office Building.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--April 17, 2000 Centennial Bank opens for business today in its new, permanent office in Salem's central downtown business district. Centennial Bank occupies the first floor of a newly constructed, two-story office complex, located at 245 Commercial Street Northeast. Development of the new office building began last summer. Centennial has operated in a temporary office facility near the construction site while construction was proceeding. "Completion of our downtown building is a major step and commitment to the Salem area by Centennial Bank," said Wayne Tyler, Vice President and Branch Manager. "We are very excited about continuing to grow in the Salem area by serving the banking needs of its businesses, professionals and individuals." Centennial Bank, in business for over 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. , 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 bank·card n. A card issued by a bank authorizing the holder to receive bank services and often functioning as a debit card. services and equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
In addition to the full-service office, Centennial Bank has established a Commercial Banking Center at the same location. The Commercial Banking Center specializes in meeting the needs of mid-size commercial customers up to $50 million in annual sales. "The Salem Main Office fulfills our efforts at Centennial Bank to develop an integrated and highly visible office network now spanning along 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 Cottage Grove, village (1990 pop. 22,935), Washington co., SE Minn., near the St. Croix River; inc. 1965. There is farming (cattle, sheep, corn, and soybeans) and manufacturing (chemicals and machinery). ," said Ted R. Winnowski, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Centennial Bank. "It was an ambitious plan begun a year ago, and we've been able to accomplish it." With the Salem Main Office, 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. Centennial Mortgage Co., a subsidiary of Centennial Bancorp, also will be located in the Salem office building. Centennial Mortgage Co. originates conventional and federally insured residential mortgages as well as residential and commercial construction loans. Centennial Mortgage Co. now operates in five locations -- one in Salem, two in the Portland area and two in Eugene. Centennial Bank currently has two directors from the Salem area on its Board. The directors are Katherine Keene, President and CEO of SAIF Corporation, and Bob L. Smith, Chairman of the Board, VIP's Industries, Inc. |
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