South Valley Bank & Trust Opens New East Side Branch In Bend
Klamath Falls, OR. - February 28, 2006 – Community-based business banking is now easier to access on Bend’s East Side, with the recent opening of a new South Valley Bank & Trust branch located at 1645 NE Forbes Road, Suite 105. Following this branch opening, South Valley will have five branches in Central Oregon – two in Bend and one each in La Pine, Gilchrist and Redmond.
According to William E. “Bill” Castle, President & CEO of South Valley Bank & Trust, “The opening of this new branch is just one part of our overall growth strategy for Central Oregon. This plan includes the continued development of our branch network in Central Oregon in the near term to provide our customers with additional convenience. Since South Valley opened its first Bend branch office on Bluff Drive in November of 2004, deposits in Central Oregon have tripled, and commercial loans have increased more than six-fold. We attribute our success in Central Oregon to the efforts of our experienced, locally based business banking team, the vibrant local business community and economy, and our bank-wide dedication to the guiding principles that South Valley was founded on – putting our customers’ business first and consistently delivering the highest levels of service.”
East Side Branch Manager Kate Bailey adds, “As we continue to grow and expand our business and personal banking offerings and our branch network in Central Oregon, we are committed to maintaining our focus on delivering the personalized, professional-grade customer service our customers have come to expect from South Valley Bank & Trust over the past 30 years.”
South Valley Bank & Trust
Headquartered in Klamath Falls, Oregon, South Valley Bank & Trust was founded in 1976 by local business leaders who wanted to provide community-oriented financial services to businesses and their workers and families. The privately owned financial institution currently posts assets of approximately $489 million. South Valley Bank & Trust maintains its hometown banking tradition with local management and decision-making at 11 branches in Klamath Falls, Lakeview, Gilchrist, La Pine, Medford, Bend and Redmond. For more information about South Valley Bank & Trust, visit http://www.southvalleybank.com/.