Pacific Continental Corporation operates as the holding company for Pacific Continental Bank that provides a range of financial service products to meet the banking needs of its targeted segments in the market areas served. The bank operates in three primary markets, such as Portland, Oregon/Southwest Washington; Seattle, Washington; and Eugene, Oregon. As of December 31, 2012, the bank operated 14 full-service offices in Oregon and Washington, and 2 loan production offices in Washington and Colorado. Deposit Services The company offers a range of deposit services that are available in various banks and other financial institutions, including checking, savings, money market accounts, and time deposits. The company provides online cash management, remote deposit capture, and banking services to businesses and consumers. The company also allows 24-hour customer access to deposit and loan information through telephone and online cash management products. Lending Activities The company emphasizes specific areas of lending within its primary markets. Commercial loans are made primarily to professionals, community-based businesses, and nonprofit organizations. These loans are available for general operating purposes, the acquisition of fixed assets, purchases of equipment and machinery, financing inventory and accounts receivable, and other business purposes. The company also originates the U.S. Small Business Administration (SBA) loans and is a national SBA preferred lender. Within the company's primary markets, it also originates permanent and construction loans financing commercial facilities and pre-sold, custom and speculative home construction. The major thrust of residential construction lending is smaller in-fill construction projects consisting of single-family residences. The company focuses on increasing its commercial and industrial loan lending. The company has developed a specialty in commercial and industrial lending to dental professionals. Loans to dental professionals include loans for such purposes as starting up a practice, the acquisition of a practice, equipment financing, owner-occupied facilities, and working capital. The company makes secured and unsecured loans to individuals for various purposes, including purchases of automobiles, mobile homes, boats, and other recreational vehicles, home improvements, education, and personal investment. Merchant and Card Services The company provides merchant card payment services to its client base, including community-based businesses, nonprofit organizations, and professional service providers. It also offers credit card services to its business customers. Other Services The company provides other traditional commercial and consumer banking services, including cash management products for businesses, online banking, safe deposit services, debit and automated teller machine (ATM) cards, automated clearing house transactions, cashier’s checks, notary services, and others. The company has an agreement with MoneyPass, an ATM provider, which permits the company’s customers to use MoneyPass ATMs located throughout the country at no charge to the customer. Investment Portfolio As of December 31, 2012, the company’s investment portfolio included U.S. Treasury and other U.S. government agencies and corporations; states of the U.S. and political subdivisions; private label mortgage-backed securities; and mortgage-backed securities. Strategy The primary business strategy of the bank is to operate in large commercial markets and to provide banking and related services tailored to community-based businesses, nonprofit organizations, professional service providers, and banking services for business owners and executives. Supervision and Regulation The company is a bank holding company as defined in the Bank Holding Company Act of 1956, as amended, and is therefore subject to regulation, supervision, and examination by the Federal Reserve. Under Federal Reserve policy and the Dodd-Frank Wall Street Reform and Consumer Protection Act, the company is required to act as a source of financial and managerial strength to the bank. The bank is an Oregon commercial bank operating in Oregon and Washington with deposits insured by the Federal Deposit Insurance Corporation. The bank is subject to supervision and regulation by the Oregon Department of Consumer and Business Services and the Federal Deposit Insurance Corporation. Additionally, the bank’s branches in Washington are subject to supervision and regulation by the Washington Department of Financial Institutions and must comply with applicable Washington laws regarding community reinvestment, consumer protection, fair lending, and intrastate branching. The bank’s deposits are insured under the Federal Deposit Insurance Act, up to the maximum applicable limits, and are subject to deposit insurance assessments designed to tie what banks pay for deposit insurance more closely to the risks they pose. History Pacific Continental Corporation was founded in 1972.
pacific continental corp
(PCBK:Consolidated Issue Listed on NASDAQ Global Select )
111 West 7th Avenue
Eugene, OR 97401
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To contact PACIFIC CONTINENTAL CORP, please visit www.therightbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.