07-25-2017  11:43 pm      •     
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NEWS BRIEFS

PAM Presents African American Portraits

Exhibit demonstrates diversity of the African American experience, late 1800s to 1990s ...

Humboldt Sewer Repair Project Update

Construction continues on a project repairing more than three miles of public sewer pipes ...

Augustana Lutheran Church Hosts Summer in the City Aug. 6

Free event includes BBQ, book sale, children’s games, music ...

Health Officials Warn of Spike in Heroin Overdoses

Emergency providers urge use of nalaxone, which is available without a prescription ...

Students Reach New Heights

Two rising sophomores attend aviation camp in Vancouver, Wash. ...

U.S. & WORLD NEWS

OPINION

EDITORIAL: It’s Time to Sunset the 48-Hour Rule

This week Mayor Ted Wheeler will ask Portland City Commissioners to end the hated 48-hour rule ...

Throw the Doors of Opportunity Wide Open for Our Youth

Congressional Black Caucus member Robin Kelly says it’s time to pass the “Today’s American Dream Act.” ...

Trump’s Proposed Budget Cuts Threaten Civil Rights

Charlene Crowell of the Center for Responsible Lending talks about the impact of President Trump’s budget on civil rights...

Nooses on National Mall Echo Domestic Terrorism

Lauren Victoria Burke reports on a series of domestic terrorist attacks across the U.S ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

(Stock Image)

Albina Community Bank and Beneficial State Bank are taking steps to increase impact in 2017 with several key leadership changes that build on the work of departing Albina CEO Cheryl Cebula.

A 30-year banking veteran, Cebula joined Albina in 2003 and most recently returned the bank to strength and stability after the turbulent financial crisis. In preparation for Cebula’s March 31, 2017 departure to pursue other opportunities, her leadership roles are being assumed by Kat Taylor and Dan Skaff, co-CEOs of Beneficial State. The bank became a majority investor in the recapitalization of Albina in 2013 and the two organizations share a history of mission-driven “beneficial” banking as Community Development Financial Institutions (CDFIs) and Certified B Corporations.

The banks are integrating key functions to tap into strengths and bolster mission alignment. Albina leaders Sue Campo and Linda Merrill will take on expanded roles as president and chief financial officer, and senior vice president and head of retail banking Pacific Northwest respectively, managing responsibilities for both Albina and Beneficial State functions. Randell Leach, president of commercial banking at Beneficial State, is now also chief credit officer of Albina.

The changes come at a time of strength. Since Beneficial State’s 2013 investment, loans have increased by 47.1 percent to $118 million; deposits have grown 29.4 percent to $151 million; mission-related and CDFI loans to nonprofits and start-ups, and minority- and women-owned businesses now account for 88 percent of its loans by number and 87 percent of its loans by dollar; and its 45 employees have volunteered more than 4,000 hours since 2013 in support of local nonprofits. 

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