EUGENE, Ore., April 21, 2011 /PRNewswire/ -- Pacific Continental Bank, the bank subsidiary of Pacific Continental Corporation (Nasdaq: PCBK), today announced that it has signed a lease agreement to rent office space on the 2nd floor of The Chaffey Building in the Allenmore district. Located at 1804 West Union Avenue, the 1,750 square foot space will house the bank's lending-focused, business banking center. In addition to the new Tacoma-based location, 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.
"Expanding into the Tacoma market is a natural next step for Pacific Continental Bank," said Robert (Bob) Harding, Pacific Continental's president, greater Seattle market. "The diversity and composition of Tacoma's business community has been of interest to us for quite some time. We were simply waiting for the right opportunity; that opportunity presented itself when we hired Susan Moblo." Harding continued, "Susan is a tremendously talented, well-respected local banker. I have full faith in her ability to successfully lead a team of locally based, lending-focused bankers."
Moblo, senior vice president and commercial lending team leader, reiterated the value of the opportunity, "In my twenty-plus years of banking, I've never seen a financial institution more committed to helping their clients succeed. I believe that Tacoma's business community will find Pacific Continental Bank and its team of local bankers to be a valuable resource."
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