|
Allen
Trust Company and Capital Pacific Bank Announce Exclusive Strategic
Alliance
PORTLAND, Ore. (February 27, 2007) –
Two local financial service companies have formed an exclusive
strategic alliance offering banking, trust and investment management
services to business owners, professionals and nonprofit
organizations.
The alliance between Allen Trust Company and Capital Pacific Bank
gives the two Portland-based companies the ability to offer clients
a range of complementary financial services typically available only
from large regional or national organizations.
“We’ve each been looking for a ‘best in class’ strategic partner
with similar values, business philosophy and commitment to the local
community,” said Stuart B. Allen, president and CEO of Allen Trust.
“Capital Pacific Bank’s expertise and reputation for exceptional
client service is a perfect fit for us.”
Now in its fourth year of operation, Capital Pacific Bank has built
a significant portfolio of clients representing small and mid-size
businesses, professional service firms and nonprofit organizations.
While offering the full line of banking products and services,
Capital Pacific sought a strategic partner who could provide
complementary expertise in investment management and trust services.
“We have business clients who are dealing with issues of succession
planning and nonprofit organizations who need help managing their
endowments. We’re delighted to be able to refer these clients to
Allen Trust Company, a Portland firm known for its expertise,
integrity and exceptional service,” said Capital Pacific’s CEO, Mark
Stevenson.
About Capital Pacific Bank
Capital Pacific Bank (OTC: CPFB.OB) serves businesses, professionals
and nonprofit organizations with comprehensive banking solutions and
an elite level of service. Headquartered in the Fox Tower in
downtown Portland, the bank's full array of products and services
are delivered through a strategic combination of highly experienced
client service officers and the innovative application of
technology. Capital Pacific Bank reported total assets of over $113
million as of December 31, 2006. For more information, visit
http://www.capitalpacificbank.com/.
About Allen Trust Company
Founded in 2001 by Stuart B. Allen, Allen Trust Company is the only
locally owned and operated trust company in Oregon. Allen also
founded Allen Capital Management, a registered investment advisor.
The two companies have combined assets under management of $100
million. Together, they provide personalized trust and comprehensive
investment management services for individuals, families, and
charitable organizations. The two share staff, location, and
resources and have offices in downtown Portland and southwest
Washington. For more information, visit
www.allentrust.com.
Allen
Trust Company became chartered by the state of
Oregon as a trust-only bank in
April 2006. This occurs as the company celebrates its fifth
anniversary.
BACK TO
PRESSROOM |
 |
 |
