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Centennial Bank Announces Opening of Salem Office in Downtown Business District.

PORTLAND, Ore.--(BUSINESS WIRE)--July 2, 1999--

Centennial Bank announces that its newest full-service banking office located at 245 Commercial Street SE opens for business in a temporary facility on Tuesday, July 6th, 1999. The temporary office will be used until construction of Centennial's permanent two-story office building is completed on the same central downtown site in spring 2000.

"We are very excited to have this opportunity to serve the banking needs of businesses and the public in the downtown commercial area of Salem," said David Gazeley, Centennial's executive vice president and head of Centennial's Community Banking division. "Our location is very convenient for business and retail customers in the city's central business district."

Centennial Bank specializes in providing depository 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 loans. Centennial also delivers a broad offering of cash management and other commercial services.

The Salem office will be managed by Wayne H. Tyler, who joins Centennial Bank as Vice President and Manager. Tyler has extensive banking experience. From 1968 through 1997 he worked for U.S. Bank in a number of management roles, including branch manger and Oregon market manager in the Dealer Finance Division. Tyler will oversee Centennial Bank's business development efforts in small business lending and deposits in the Salem market.

With the opening of the Salem office, Centennial Bank now offers a total of 12 full-service banking offices throughout the I-5 corridor, with four in Portland, one in Vancouver, Washington, four in Eugene and one each in Springfield and Cottage Grove. The Bank also is in the process of opening an office in downtown Portland on July 19, 1999, and the Sunnyside area of Clackamas later this fall.
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Publication:Business Wire
Date:Jul 2, 1999
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