History

Community Bank was founded in 1955 by a group of Joseph, Oregon business leaders - at the time the bank was named Bank of Wallowa County. The bank remained relatively unchanged until 1991 when a new ownership group purchased the bank.

Since then, we have been very active in our expansion effort. Our growth has allowed us to become a driving force in the financial services industries of Northeast Oregon and Southeast Washington. To this day, we continue to develop the finest group of bankers found anywhere. Our dedication to our communities, and willingness to provide the highest quality of customer service, are two reasons we continue to grow and be successful. It has also created unique advancement opportunities for each and every staff member who is willing to make a commitment to ensuring that Community Bank is the premier financial institution in our service areas. Our staff members pride themselves on offering unsurpassed professionalism and premier customer service.

Unlike our competitors, we continue to control our own destiny. Community Bank employees, Officers and Directors own the vast majority of our outstanding stock - and we are dedicated to remaining locally owned and operated.

Currently Community Bank employs over 150 people. Benefits for our employees include health, vision, dental and life insurance; 401 K retirement plan up to 3% match; vacation and sick time; Flex Spending accounts; and Employee Stock Option Plan (ESOP).

Timeline
1955: Bank of Wallowa County Founded
1976: Enterprise branch opens
1991: Ownership changes - Bruce Penoske named President & CEO
1995: 2 branches purchased from US Bank
1996: Pendleton branch opens
1997: Name changed to Community Bank
1997: Hermiston branch opens
1998: La Grande branch opens
1999: Elgin branch opens
2001: Milton-Freewater branch opens
2001: Baker City branch opens
2002: Walla Walla branch opens
2005: 50th Anniversary!
2006: Tom Moran becomes President
2007: La Grande Valley branch opens
2007: Hermiston North Hill branch opens
2008: Bruce Penoske retires, Tom Moran becomes CEO
2009: Heppner branch opens
2009: Clarkston branch opens
2012: College Place branch officially opens