American Banker magazine has ranked five Oregon and eleven Washington banks among the top 200 community banks in the country.
The magazine, a trade publication based in New York City, named Oregon Bancorp of Salem, OR; FS Bancorp of Mountlake Terrace, WA; Timberland Bancorp of Hoquiam, WA; Summit Bank of Eugene, OR; Baker Boyer Bancorp of Walla Walla, WA; Community Financial Group of Spokane, WA; Pacific Financial Corp. of Aberdeen, WA; Cashmere Valley Bank of Cashmere, WA; BEO Bancorp of Heppner, OR; Riverview Bancorp of Vancouver, WA; Peoples Bancorp of Bellingham, WA; Citizens Bancorp of Corvallis, OR; U&I Financial Corp of Lynnwood, WA; Coastal Financial Corp. of Everett, WA; Commencement Bank of Tacoma, WA; and People’s Bank of Commerce in Medford, OR to the list based on average return of shareholder equity between 2017 and 2019. Banks with less than $2 billion in assets were eligible.
The above referenced banks rank, and average return are as follows: #1 Oregon Bancorp 29.4%; #14 FS Bancorp 14.96%; #20 Timberland Bancorp 14.47%; #36 Summit Bank 12.9%; #53 Baker Boyer Bancorp 12.18%; #57 Community Financial Group 12.08%; #71 Pacific Financial Corp 11.51%; #74 Cashmere Valley Bank 11.49%; #84 BEO Bancorp 11.27%; #89 Riverview Bancorp 11.2%; #95 Peoples Bancorp 11.0%; #103 Citizens Bancorp 10.65%; #116 U&I Financial Corp 10.44%; #124 Coastal Financial Corp. 10.32%; #170 Commencement Bank 9.69%; #192 People’s Bank of Commerce 9.43%
“It is exciting to be recognized in American Banker magazine among some of the most admired and well ran banks in the country,” said Jeff Bailey President and CEO of Bank of Eastern Oregon. “We have an extremely dedicated team of bankers that embody the core values that have guided our bank for over 75 years. We are proud to serve eastern Oregon and southeastern Washington communities and are delighted to be the one of only 16 banks located in Oregon and Washington that can make the claim of being one of the top 200 community banks in the country,” concluded Bailey.
For further information on the Company or to access internet banking, please visit our website at www.beobank.com.
About BEO Bancorp
BEO Bancorp is the holding company for Bank of Eastern Oregon, which operates 20 branches and five loan production offices in 12 eastern Oregon and five eastern Washington counties. Branches are located in Arlington, Ione, Heppner, Condon, Irrigon, Boardman, Burns, John Day, Prairie City, Fossil, Moro, Enterprise, Athena, Hermiston, and LaGrande, OR; and Colfax, Dayton, LaCrosse, Pasco, and Pomeroy WA; loan production offices are located in Ontario, Pendleton, Lakeview, Madras, OR and Pomeroy, WA. Bank of Eastern Oregon also operates a mortgage division and operates the Washington locations under the name of Bank of Eastern Washington. The bank’s website is www.beobank.com.