Community Bank (Oregon)
{{Infobox company
| name = Community Bank
| logo = Community Bank Joseph Oregon Logo.jpg
| founded = {{Start date and age|1955|05}}
| defunct = {{End date|2025|05|09}}
| fate = Aquired by STCU
| location = Joseph, Oregon
| key_people = Tom Moran, CEO
Jim Fortner, CFO
Kirk Amick, CCO
Bruce Morehead, COO
| num_locations = 10
| assets = $570,000,000 (2022)
| former_name = Bank of Wallowa County
| type = Private
| industry = Banking
| homepage = {{URL|communitybanknet.com}}
}}
Community Bank was a commercial bank that served customers in Oregon and Washington. The bank was headquartered in Joseph, Oregon, and was the subsidy of Community Bancshares.
In 2025, Washington-based credit union Spokane Teachers Credit Union (STCU) aquired Community Bank and rebranded the branches as STCU.{{Cite web |title=STCU, Community Bank to integrate Friday |url=https://stcu.org/here-for-good/about-stcu/news/stcu-and-community-bank-to-integrate-friday |access-date=2025-05-10 |website=stcu.org |language=en}}{{Cite web |last=Union-Bulletin |first=Walla Walla |date=2025-05-08 |title=Community Bank locations to close for rebrand to Spokane Teacher Credit Union |url=https://www.union-bulletin.com/news/local/business/community-bank-locations-to-close-for-rebrand-to-spokane-teacher-credit-union/article_3febd46d-18c5-45bd-a0fc-7c86bdd08f23.html |access-date=2025-05-10 |website=Union-Bulletin |language=en}}{{Cite web |title=Clarkston’s Community Bank to Close Friday, Reopen as STCU on Tuesday |url=https://www.dailyfly.com/2025/05/08/clarkstons-community-bank-to-close-friday-reopen-as-stcu-on-tuesday/ |access-date=2025-05-10 |website=Dailyfly News |language=en-US}}
History
Community Bank was founded in May 1955 by Joseph, Oregon business leaders. At that time, the bank was named Bank of Wallowa County. The bank's name was changed to Community Bank in 1991, when the bank expanded out of Wallowa County into Pendleton, Oregon. The bank had operated 10 full-service branches, 7 in north-eastern Oregon and 3 in south-eastern Washington.{{Cite web |title=Locations We Serve {{!}} Community Bank |url=https://www.communitybanknet.com/locations |url-status=dead |access-date=2024-08-14 |website=www.communitybanknet.com}}
= Acquisition by STCU =
On August 13th, 2024, Washington-based credit union Spokane Teachers Credit Union (STCU) announced plans to acquire all assets and liabilities of Community Bank.{{Cite web |title=STCU announces Purchase and Assumption Agreement with Community Bank |url=https://www.communitybanknet.com/stcu |url-status=dead |access-date=2024-08-14 |website=www.communitybanknet.com}}{{Cite web |title=STCU announces purchase and assumption agreement with Community Bank |url=https://stcu.org/here-for-good/about-stcu/news/stcu-announces-purchase-and-assumption-agreement-with-community-bank |access-date=2024-08-14 |website=stcu.org |language=en}}{{Cite web |title=STCU purchasing Oregon-based Community Bank {{!}} The Spokesman-Review |url=https://www.spokesman.com/stories/2024/aug/13/stcu-purchasing-oregon-based-community-bank/ |access-date=2024-08-14 |website=www.spokesman.com}}{{Cite web |title=STCU announces plans to acquire Community Bank {{!}} Spokane Journal of Business |url=https://www.spokanejournal.com/articles/16281-stcu-announces-plans-to-acquire-community-bank |access-date=2025-05-10 |website=www.spokanejournal.com |language=en}}
On May 9th, 2025, Community Bank shutdown their branches and redirected their website to STCU, the following week the branches were rebranded as STCU.{{Cite web |last=Journalist |first=Mark Rattner NonStop Local Digital |date=2025-05-07 |title=Community Bank branches in Oregon, Washington to rebrand as STCU |url=https://www.khq.com/news/community-bank-branches-in-oregon-washington-to-rebrand-as-stcu/article_7bd7b795-818d-43a2-8531-126b4a52a423.html |access-date=2025-05-10 |website=NonStop Local KHQ |language=en}}{{Cite web |last=reports |first=Staff |date=2025-05-05 |title=May 9: STCU integrates with Oregon's Community Bank |url=https://lagrandeobserver.com/2025/05/05/may-9-stcu-integrates-with-oregons-community-bank/ |access-date=2025-05-10 |website=La Grande Observer |language=en}}
Communities
Community Bank had branches in the cities of Baker City, Oregon, Clarkston, Washington, Elgin, Oregon, Enterprise, Oregon, Hermiston, Oregon, Joseph, Oregon, La Grande, Oregon, Pendleton, Oregon and Walla Walla, Washington.
References
{{reflist}}
External links
- {{Official website|www.communitybanknet.com}}
- [https://www.fdic.gov fdic.gov] - cert # 17445
Category:Banks based in Oregon
Category:Defunct banks of the United States
Category:Privately held companies based in Oregon
Category:Banks established in 1955