Established in 1998 in Medford, Oregon, People's Bank of Commerce
was formed to provide a locally-owned and managed community and business bank for Southern Oregon.
During the past 20 years, People’s Bank has grown its community banking footprint to Ashland, Central
Point, Grants Pass, Klamath Falls and Jacksonville.
In early 2021, the bank expanded into the Willamette Valley with the merger of Willamette Community Bank,
adding branches in Lebanon, Albany and Salem.
Fulfilling a strategic growth goal of diversification, People’s Bank acquired Steelhead Finance
in 2017. An accounts receivable factoring company headquartered in Medford, Oregon, Steelhead supports
the transportation industry throughout the United States by providing cash flow and backroom management
services to carriers and freight brokers.
Since its inception, People's Bank has been providing its customers with
superior, responsive and flexible service with a friendly approach. Through conservative solid banking
fundamentals and doing right by its customers, employees and community, People's Bank has prospered financially
and has remained well-capitalized and positioned, even during economic downturns. It has earned the esteemed
reputation as one of the top community banks in Oregon and prides itself in its steadfast commitment to its
community, which helps businesses prosper and the local economy strengthen.
People's Bank shareholders
are a true representation of our community as over 90 percent are from Oregon. By living in the community
in which they invest, shareholders have a stake in their local community and the strength of its economy.
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