ShoreBank Pacific recently reported it ended 2008 with its 11th consecutive quarter of record earnings.  Earnings were up 67 percent over the previous year, loans grew 26 percent, deposits grew 28 percent and assets grew by 44 percent.  


According to a press release, ShoreBank Pacific's focus on community banking - keeping money local - and avoidance of mortgage lending, kept ShoreBank from being negatively affected by the mortgage crisis.


ShoreBank Pacific is an FDIC-insured bank that focuses on sustainable banking.  Founded in 1997 by ShoreBank Corp., Chicago and Ecotrust. ShoreBank Pacific is headquartered in Ilwaco, with additional lending offices in Portland, Ore. and Seattle, Wash. Visit www.shorebankpacific.com for more information.


Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.