October 12, 2012 - FOR IMMEDIATE RELEASE:
October 12, 2012

Lake Oswego, Oregon . . . It was announced today that The Bank of Oswego will move its Sherwood Business Banking Center to 22578 SW Washington Street in Old Town Sherwood, effective January 15, 2013.

Since opening its current location on Roy Rogers Road in 2009, the locally owned bank provides individualized banking and lending services to professionals and small businesses in the Sherwood area.

This move to the historic D.M. Pankhard Building indicates a level of commitment by the bank to promoting and sustaining economic growth in Sherwood. The bank truly believes in the City’s vision of economic redevelopment of Old Town. Joseph Gall, City Manager spoke on behalf of City Administration when saying “I am very excited about your [the bank’s] investment into Sherwood, especially in our Historic Old Town”.

The bank plans to lend a strong nod to the historic lines of the structure, which was built in 1915. Renovation of the office space is under the direction of Phil Chek and Associates of Lake Oswego. An original bank vault located in the building will be converted to a wine cellar displaying local vintage wines from the Dundee Hills. “We are committed to being a ‘community’ bank in the true sense of the word” states Bridget Smith, Director of Marketing & Public Relations. “The businesses, non-profits and schools of Sherwood recognize our genuine interest in offering resources which help support the social wellbeing of the community”.

Tim Heine will continue to lead the bank’s efforts in Sherwood as Vice President and Senior Lending Officer. Heine recently hired Dianne Snyder who will join his team as Relationship Manager.