The Commerce Bank of Oregon Announces Leadership Transition, Promotes Jodi Delahunt Hubbell to President and CEO

PORTLAND, Ore., Sept. 22, 2011 /PRNewswire/ -- The Commerce Bank of Oregon today announced that its board of directors has selected Jodi Delahunt Hubbell, to serve as the company's next President and CEO, effective January 1, 2012.  Delahunt Hubbell will succeed Larry Ogg, who will be transitioning to the Chairman role on The Commerce Bank of Oregon's Board of Directors.  Delahunt Hubbell will also serve on the Board of Directors for the bank.

Delahunt Hubbell started with The Commerce Bank of Oregon in June 2007 as the Managing Director of Finance and Administration/Chief Financial and Operations Officer where she oversaw all aspects of finance and human resources, compliance, client service and treasury management.  She also managed two of the bank's key Relationship Managers.

Regarding his successor, Ogg stated, "Since the bank's inception in 2005, Jodi has played a central role in championing The Commerce Bank of Oregon's primary goal of being an advocate for our customers. Additionally, she has helped the bank achieve profitability while maintaining the bank's well capitalized status. She is highly qualified for this new position, and I look forward to the positive impact she'll continue to have on the future growth and success of this unique bank."

"I'm most excited about continuing to leverage the success The Commerce Bank of Oregon has enjoyed in the last 5 years, " said Delahunt Hubbell in a statement. "By aligning the mission, talent and leadership of the bank's outstanding team, and by having the opportunity to more directly work with our clients and prospects, I believe we can reach the full potential of the bank."  Delahunt Hubbell also stated, "I'm also proud and excited about the well-deserved advancement opportunities other team members are receiving  - this exemplifies the quality of staff at our company."

With Delahunt Hubbell's promotion several other team members were given the opportunity to advance within the company.  Terri McKinnis will assume the role of Chief Operating Officer, Elizabeth Baker will become the bank's Controller, Mary Nguyen will now be the Client Service Supervisor, Bambi Pascual will be a Credit Analyst and Rachel Tramel is being welcomed to the organization as a Client Service Representative.

The full potential of the bank includes a service-oriented approach to delivering comprehensive suites of tailored financial products for businesses, individuals, and non-profits. To learn more, visit http://www.tcboregon.com.

About Jodi Delahunt Hubbell

Jodi Delahunt Hubbell has almost 25 years of varied banking experience. She began her banking career after graduating from the University of Portland and has worked extensively throughout the branch, corporate, and small business and commercial lending functions of banking. She also spent several years as a highly regarded banking consultant where she specialized in policy and process improvement to help her clients leverage their resources more effectively.

Jodi has recently served on the board of Literary Arts and is a current board member of the Oregon Ballet Theater. In her free time, she enjoys walking, is a Senior Certified Art Clay Instructor, and student of the Japanese Tea Ceremony.  Having grown up in the military, she has lived in 6 states and 2 foreign countries, and remains an avid traveler.

About The Commerce Bank of Oregon

The Commerce Bank of Oregon is dedicated to serving the financial needs of local businesses, professional firms, nonprofit organizations and the people who make them successful, by providing highly personalized banking services.  Formed in 2005, The Commerce Bank of Oregon offers the depth and breadth of services provided by national banks, while allowing local relationship managers and bank leaders the decision-making autonomy to better serve their clients' needs.  The Commerce Bank of Oregon enhances its ability to service local clients through its strong network of Zions Bancorporation affiliates.  Zions Bancorporation is a leading Western U.S. based bank holding company committed to delivery world-class financial services.  Zions operating philosophy is to be a strong operating and financial partner to locally autonomous and innovative banks. With its focus on a broad product suite and outstanding customer service, Zions has received numerous Greenwich Associates Excellence Awards in Small Business and Middle Market Banking.

SOURCE The Commerce Bank of Oregon