Neil Grossnicklaus, Chief Executive Officer of Oregon Bancorp, to Retire August 1, 2019

SALEM, Ore.--()--Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, announced today the retirement of Neil Grossnicklaus effective August 1, 2019. Mr. Grossnicklaus has served as President and Chief Executive Officer of the Bank since 2002. Ryan Dempster, President, will become President and Chief Executive Officer upon Mr. Grossnicklaus’ retirement. Mr. Grossnicklaus will remain a Board member of Oregon Bancorp, Inc. and Willamette Valley Bank.

“We are extremely grateful to Mr. Grossnicklaus for his many years of service and valuable contributions to our Company,” commented Joseph Minniti, Chairman of the Board of Directors. "Mr. Grossnicklaus has been instrumental in growing a newly chartered financial institution into one of the most profitable banks in the Country. Although we have mixed emotions about his retirement, we are excited about the future of our Company under the new leadership of Mr. Dempster and the rest of the team at Willamette Valley Bank.”

About Oregon Bancorp, Inc.

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates full-service branches in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates Home Loan Centers in Bend, Eugene, Grants Pass, Medford, Portland, Tualatin, and West Linn, Oregon, Spokane, Vancouver, Newport and Yakima, Washington, and Coeur d’Alene and Meridian, Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2221 or visit our website at www.willamettevalleybank.com.

Certain statements in this release may be deemed “forward-looking statements”. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

Contacts

Ryan Dempster
Oregon Bancorp, Inc.
503-485-2222
bank@wvbk.com

Contacts

Ryan Dempster
Oregon Bancorp, Inc.
503-485-2222
bank@wvbk.com