At the Silverton Country Historical Society’s annual meeting vice president Fred Parkinson will present a talk about historic Silverton architecture, specifically a building that recently turned 100 years old. Now serving as the local branch of Citizens Bank, 217 E. Main St. started out in 1923 as the new building for Coolidge & McClaine Bank. Additionally, the meeting will showcase […]
Oregon banker Bill Humphreys remains optimistic as he faces what he considers a continuing recession in this state.
President Obama, in his Feb. 24 speech to Congress about the federal stimulus package and the road to economic recovery, noted that banks needed federal support so that they could issue credit, fund building projects and get the economy rolling again. The speech, four days after the demise of Silverton’s community bank, held a little irony for local investors. It was “a heavy dependence on commercial construction loans, many of which were not performing or being repaid” that felled Silver Falls Bank, according to David Tatman, administrator of the Oregon regulator’s Division of Finance & Corporate Securities.
