New, Larger Branch in Salem Announced

In March 2014 Willamette Community Bank opened a Loan Production Office in Salem staffed primarily by Larry Goodreau, a veteran Salem banker with strong contacts in the Salem business community and a history of community involvement with local non-profits.

When the Loan Production Office opened its doors, President and CEO Dan McDowell indicated the ultimate goal would be to one day open a full service branch. “Since opening our limited service Loan Production Office in 2014, the response from the community has been overwhelming and we are responding by opening a new branch,” he said.

The bank worked with Jennifer Martin of Sperry Van Ness to locate a site that would not only highlight the bank’s commitment to the community, but would also offer great visibility and convenience for current and future customers. After considering five potential sites the bank has signed a multi-year lease with South Block Mixed Use, LLC for 3,200+ SF at 400 Commercial St. SE (the former Boise Cascade property).

“The expansion of Willamette Community Bank brings together two very important elements: a community bank led by seasoned bankers committed to true relationship banking and a growing, thriving community of Salem,” said McDowell.

Working with a local architect and local contractor the bank will seek to highlight the natural light and great volume of the space to develop an inviting atmosphere for customers and employees. The branch will offer a full spectrum of services, according to Joan Reukauf, Chief Operating Officer of Willamette Community Bank. “We are excited to bring even more of our talents, skills, and capabilities to the Salem market. Serving a growing community like Salem is what we do best so it makes sense to open a branch which will offer the products and services that support local Salem businesses in their goals.”

The new branch will open in early 2017 and will initially be staffed by a lending team consisting of Larry Goodreau, SVP / Senior Relationship Manager and Frank Bermudez, VP / Relationship Manager. It will also include Steve Horning, VP and Professional Banking Officer, who has served the banking needs of the Salem community for 30+ years. The staff will also include a branch service officer who will oversee day to day functions. Over time the staff at the location is expected to reach seven employees.

“The goal at Willamette Community Bank is to commit ourselves to building a team of bankers that will rise to the highest levels and meet Salem’s expectations of customer service,” said McDowell.

“Having been in Salem before, Dan and I believe we understand what Salem expects and we are confident we can meet those expectations,” Goodreau added. “The best part of the banking business is the many opportunities it provides to make new friends and develop new business in this ever changing economic climate.”

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