EUGENE, Ore., April 13, 2011 /PRNewswire/ -- Pacific Continental Bank, the bank subsidiary of Pacific Continental Corporation (Nasdaq: PCBK), announced today that it will open a business-banking center in Tacoma, Washington, and is negotiating lease terms for office space located in the Allenmore district. Additionally, the bank announced it has hired Susan Moblo, a local business banker, to lead its expansion activities in the Tacoma market. Pacific Continental currently operates two full-service Puget Sound banking offices in the metropolitan Seattle market; one office in downtown Seattle, the other in downtown Bellevue.
"The opening of a business banking center in Tacoma is a natural extension of Pacific Continental's growth strategy for the Puget Sound area," said Hal Brown, Pacific Continental's chief executive officer. "In continued execution of our already-proven business model, we will focus our loan production efforts on community-based businesses, health care and professional service providers. With its high concentration of health care facilities and light-industrial businesses, the Allenmore district provides a prime opportunity to expand our presence in the Puget Sound area."
Brown added, "I could not be more pleased with the hiring of Ms. Moblo. Susan is the perfect person to lead our Tacoma efforts. Her in-depth knowledge of the community – along with her years of commercial lending experience – provides our organization with an instant boost and a strong foundation for success."
In her twenty-plus years of banking, Moblo has served in a variety of lending-related positions including chief credit officer, senior commercial loan officer, branch manager and commercial lending relationship manager. In her new role as senior vice president and commercial lending team leader for Pacific Continental Bank, Moblo will lead a team of seasoned, Tacoma-based bankers.
About Pacific Continental Bank
Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through fourteen banking offices in Oregon and Washington. Pacific Continental, with $1.2 billion in assets, has established one of the most unique and attractive metropolitan branch networks in the Pacific Northwest with offices in three of the region's largest markets including Seattle, Portland and Eugene. Pacific Continental targets the banking needs of community-based businesses, health care professionals, professional service providers and nonprofit organizations.
Since its founding in 1972, Pacific Continental Bank has been honored with numerous awards and recognitions from highly regarded third-party organizations including The Seattle Times, the Portland Business Journal and Oregon Business magazine. A complete list of the company's awards and recognitions – as well as supplementary information about Pacific Continental Bank – can be found online at www.therightbank.com. Pacific Continental Corporation's shares are listed on the Nasdaq Global Select Market under the symbol "PCBK" and are a component of the Russell 2000 Index.
SOURCE Pacific Continental Bank