|June 25, 2010 - FOR IMMEDIATE RELEASE
Portland, Oregon……The Bank of Oswego headquartered in Lake Oswego, was named among the “100 Fastest Growing Private Companies” by The Portland Business Journal in Portland, Oregon. The ceremony was held June 24th at The Portland Art Museum and attended by 800 persons, including City of Lake Oswego officials.
The rankings were based on annual revenue growth of at least $250,000 and measured over a three-year time frame from 2007 through 2009. The Bank of Oswego was only one of two banks in Oregon and Southwest Washington that were cited by the publisher of The Portland Business Journal for exceptional growth in competition that was called “the most diversified by industry, size and products since the inception of this award”. It was the bank’s first year cited for this annual award and it was ranked 31 among the top 100, recording a 71% growth rate.
Dan Heine, CEO accepted the prestigious award on behalf of the bank. Heine commented “we are thrilled to be included in this distinguished group, especially during these challenging economic times. Managing growth requires unique skills and discipline and much credit goes to our shareholders for their financial support, our board for their guiding wisdom and our employees for successfully and enthusiastically carrying out our company’s mission. We thank you! As a result of this teamwork, our customers receive “world-class” service and value; and we create jobs and support for the communities we serve”.
The 5-year old Bank of Oswego has $160 million in total assets and serves businesses and professionals in the Lake Oswego and Sherwood communities. Because of its success and projected growth, it recently announced a public stock offering to raise additional capital to commence in July.
Contact: Dan Heine, President & CEO 503.445.3121 firstname.lastname@example.org