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|Articles - April 2014|
|Thursday, March 27, 2014|
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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.
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR
Marijuana is big business in Oregon, and it’s about to get bigger.
Tuesday, February 17, 2015
BY TAMSEN LEACHMAN | OB GUEST CONTRIBUTOR
It is important to understand the EEOC’s priorities, and ensure that your leadership understands the shifting expectations of regulators and the heightened standards to which you (and they) may be held.
Friday, March 20, 2015
BY OB STAFF
Join us to celebrate and network with Oregon’s best green workplaces!
Tuesday, January 27, 2015
Power Lunch at the Imperial.
Tuesday, January 27, 2015
Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR
Don’t just sit there. For a healthy workplace, move up and down — and all around.
Friday, January 30, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
For those who were working, here are a few highlights of Charlie Hales' State of the City address.
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|Help Wanted: Poached Jobs aids restaurateurs |
|How Oregon will survive the loss of Hanjin|
|How a Utah-based essential oils company cornered the Oregon market|
|On the Brink|
|Thy neighbor's house|
|Norwegian Air tweaks cockpit rules after Germanwings crash|
|Federal Consumer Agency addresses payday loans|
|Slave-caught seafood sold in America|
|Heinz, Kraft merge|
|West Coast lawmakers want earthquake warning funding|
|Online network plans to charge subscribers for early access to popular YouTube videos|
|Wyoming — not Florida — is the best state in which to retire|
Generations of students and graduates have been plagued by the question: What is my true calling in life? Four alumni from Corban University’s Hoff School of Business who graduated in different decades say the school helped them find the answer by giving them a practical, well-rounded education.
It’s happening whether anyone’s ready or not. Businesses here in Oregon and across the U.S. are already experiencing the effects of the largest generational shift in recent history, and these changing tides will impact every level of the workplace — from a company’s executive leadership to its cultural core.
Success stories spotlight meaningful career opportunities in Oregon's diverse and lucrative tourism industry.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.
The Commission helps to advance the professionalism, equality and efficiency of Oregon's judicial branch of government.
QuickBooks Enterprise Users Attend Free