Despite economic downturn, bank lending and giving see increase
SALEM, Ore., April 14, 2011 /PRNewswire-USNewswire/ -- In a recent survey conducted by the Oregon Bankers Association, OBA member banks reported annual contributions to charitable organizations in excess of $13 million. In 2009 alone, over 1500 organizations were the beneficiaries of donations by Oregon banks. Employees of Oregon banks also gave back to their communities, with nearly 200,000 hours of volunteer time invested. Several examples of Oregon banks' community investments are highlighted in the OBA's just released publication titled Oregon Banks: Cornerstones of our Community. The publication is available online at www.oregonbankers.com.
Data from the OBA survey debunks the myth that banks aren't lending. In fact, during the height of the recession in 2009, Oregon's banks originated more than $2.78 billion dollars in loans to small businesses in Oregon. This figure represents more than 35,000 loans made to Oregon small businesses. While many Oregon businesses were hit hard by the recession, impacting their ability to qualify for traditional bank credit, Oregon banks still originated new loans that helped Oregon businesses weather the economic downturn and grow.
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