This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oregon Bankers Association Releases Data On Bank Lending And Charitable Contributions Made In Oregon

Small business lending in Oregon increases

SALEM, Ore., April 9, 2013 /PRNewswire-USNewswire/ -- In a recent survey conducted by the Oregon Bankers Association, Oregon banks reported annual contributions to nonprofit and charitable organizations in excess of $14 million.  In a single year, over 1,400 organizations were the beneficiaries of donations made by Oregon banks.  Employees of Oregon banks also gave back to their communities personally, with over 229,000 hours of volunteer time invested. 

The impact of Oregon banks' community investments are highlighted in the OBA's just released publication Oregon's Banks: Cornerstones of our Communities .  The publication is available online at www.oregonbankers.com.

The publication notes that Oregon's banks extended more than $61 billion in total credit in 2011, with $2.7 billion dollars in loans to Oregon small businesses.  In 2011 alone, a total of 76,727 loans were made to Oregon small businesses. This represents an increase of $277 million and 11,254 loans made to small businesses over the prior year (2010).

While many Oregon businesses are still struggling to rebound from the great recession and often experience difficulty qualifying for traditional bank credit, increases in bank lending demonstrate that Oregon banks are stepping up to meet the credit needs of Oregon's small businesses.

About The Oregon Bankers Association Established in 1905, the Oregon Bankers Association is Oregon's only full-service trade association representing state and national commercial banks, thrifts and savings banks chartered to do business in Oregon.  More information is available at www.oregonbankers.com.

SOURCE Oregon Bankers Association

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs