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.