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 135 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).
|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 opens|
|2013: The Dalles Loan Production Office opens|
|2015: 60th Anniversary!|