Community Bank (Oregon)

Last updated
Community Bank
FormerlyBank of Wallowa County
Company type Private
Industry Banking
FoundedMay 1955;70 years ago (1955-05)
DefunctMay 9, 2025 (2025-05-09)
FateAcquired by STCU
Headquarters Joseph, Oregon
Number of locations
10
Key people
Tom Moran, CEO
Jim Fortner, CFO
Kirk Amick, CCO
Bruce Morehead, COO
Total assets $570,000,000 (2022)
Number of employees
81 (2024) [1]
Website 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.

Contents

In 2025, Washington-based credit union Spokane Teachers Credit Union (STCU) acquired Community Bank and rebranded the branches as STCU. [2] [3] [4]

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. [5]

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. [6] [7] [8] [9]

On May 9th, 2025, Community Bank shutdown their branches and redirected their website to STCU, the following week the branches were rebranded as STCU. [10] [11]

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. [5] [4]

References

  1. ↑ "Washington's STCU Plans Acquisition of Community Bank in Oregon". cutimes.com. Retrieved 2025-05-10.
  2. ↑ "STCU, Community Bank to integrate Friday". stcu.org. Retrieved 2025-05-10.
  3. ↑ Union-Bulletin, Walla Walla (2025-05-08). "Community Bank locations to close for rebrand to Spokane Teacher Credit Union". Union-Bulletin. Retrieved 2025-05-10.
  4. 1 2 "Clarkston's Community Bank to Close Friday, Reopen as STCU on Tuesday". Dailyfly News. Retrieved 2025-05-10.
  5. 1 2 "Locations We Serve | Community Bank". www.communitybanknet.com. Retrieved 2024-08-14.{{cite web}}: CS1 maint: url-status (link)
  6. ↑ "STCU announces Purchase and Assumption Agreement with Community Bank". www.communitybanknet.com. Retrieved 2024-08-14.{{cite web}}: CS1 maint: url-status (link)
  7. ↑ "STCU announces purchase and assumption agreement with Community Bank". stcu.org. Retrieved 2024-08-14.
  8. ↑ "STCU purchasing Oregon-based Community Bank | The Spokesman-Review". www.spokesman.com. Retrieved 2024-08-14.
  9. ↑ "STCU announces plans to acquire Community Bank | Spokane Journal of Business". www.spokanejournal.com. Retrieved 2025-05-10.
  10. ↑ Journalist, Mark Rattner NonStop Local Digital (2025-05-07). "Community Bank branches in Oregon, Washington to rebrand as STCU". NonStop Local KHQ. Retrieved 2025-05-10.
  11. ↑ reports, Staff (2025-05-05). "May 9: STCU integrates with Oregon's Community Bank". La Grande Observer. Retrieved 2025-05-10.
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