Albina Community Bank Consent Order Terminated

Albina Community Bank
Wednesday, April 9, 2014

Regulators from the FDIC and the Oregon Division of Finance and Corporate Securities have terminated the consent order issued against Albina Community Bank. The regulators determined the bank has met all the conditions of the consent order by reducing problem loans and maintaining higher capital levels. A stock purchase transaction with One PacificCoast Bancorp allowed Albina to return its regulatory capital ratios to the level required by regulators. “Having our regulatory consent order lifted is a very positive and significant step for the bank... [We] are proud of the progress we have made to strengthen the bank and ensure our mission and commitment to our local communities can continue," said Cheryl Cebula, President and CEO of Albina.