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|Articles - April 2014|
|Thursday, March 27, 2014|
Page 2 of 3
President and CEO, Albina Community Bank
Oregon Business: Are small businesses better served by a community bank than a big bank or a credit union?
Cheryl Cebula: It depends on what the business needs and what they’re looking for. Do they want to be involved with a bank that takes the time to get to know them, that is willing to look for maybe more creative ways to help them with financing options or access to capital? Do they want to be with a bank that’s reinvesting back into the community? If you want to be treated like part of the local community and want to form a partnership with your bank, then yes, I do think that sometimes a community bank is a more viable option. That’s not to say that big banks and credit unions aren’t involved in the community.
OB: Do a lot of business customers prefer remote banking or, as a “neighborhood bank,” do they like to walk in for face-to-face service?
CC: For all of our locations a good majority of the business comes from the surrounding five-mile radius. Certainly businesses are more and more looking for alternative options, whether it’s mobile banking or remote capture, where they can make the deposits from their business. But there is a good number of people who like to come into the bank and know the people in the bank and the bank knows them. I do see that … as a small business owner, you spend a lot of your time, each and every day and on weekends, invested in your business, and it’s tough sometimes to get away to the bank.
OB: How does your bank serve businesses?
CC: We do a lot of small-business lending. We also work with a lot of nonprofit organizations and foundations. We have about 500 local nonprofits that are customers. So we work with a lot of smaller businesses, which I know some of the big banks aren’t necessarily interested in. We are interested in working with larger businesses that have more complex needs: professional-services firms, manufacturing, commercial- and industrial-type deals.
OB: What small businesses are growing?
CC: Breweries seem to be the latest and biggest thing. There are so many breweries in Portland right now — that’s a very hot industry. We bank a lot of them; [also] family-owned businesses, small manufacturing companies, professional-services firms and the single-person law firm.
OB: How has your bank been performing financially?
CC: For the last couple of years, we have been struggling as a community bank with some of the downturn. But we had a profitable year last year and expect that trend to continue. We’re seeing loan demand picking up. Our losses are down as we work through our problem loans. We deal with a lot of distressed communities and low- to moderate-income communities, so many of our customers were more impacted by the economic downturn. It certainly impacted us, but we worked our way through it.
Thursday, May 29, 2014
BY JESSICA RIDGWAY
Brad Baker, CEO and co-founder of Works Electric, is a good husband. His wife, an OHSU employee, sought a more efficient way to commute up Marquam “Pill” Hill, so she asked Baker to build a transportation solution.
Wednesday, May 28, 2014
More than 350 people turned out today for Oregon Business magazine’s sixth annual celebration of the 100 Best Green Companies to Work For in Oregon.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Thursday, May 29, 2014
How serious a problem is climate change? Readers want to have their cake and eat it, too.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex fast changing business environment.
Update: We checked in with Portland's Thomas Thurston, who offers his data driven take on the disruption controversy.
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