Pacific West Bank (OTCMKTS:PWBO), a commercial bank with offices in Downtown Portland, West Linn as well as Lake Oswego Oregon, provides customized banking solutions to non-profits and businesses. It also gives financial and volunteer support to diverse civic, community, and charitable organizations. Information about the company can be seen on www.pacificwestbank.com.
Trading Data
On Wednesday, PWBO stock ended flat at $13.25 with more than 134 shares, compared to its average volume of 608 shares. The stock moved within a range of $13.25 – 13.25 after opening trade at $13.25.
Pacific West Bank Announces New Board Member Terri Sorensen
Pacific West Bank on June 29, 2022, announced Terri Sorensen has joined as a new member of the Board of Directors of Pacific West Bank. This is part of its strategy to grow in the Portland market.
Ed Kawasaki Chairman of the Board said that Terri’s leadership in Portland nonprofit community is precisely the dynamic community leader that the bank has been seeking. He added that the bank is focusing on serving nonprofits through customized banking services and experienced bankers, who can facilitate nonprofits to thrive in Portland. Kawasaki added that the company is fortunate on having Terri joining the board and supporting its mission to serve the vital sector of the community.
Terri Sorensen, the Chief Executive Officer of Friends of the Children, which is a national non-profit headquartered in Portland, was selected as one of the first leaders for Business Journal’s Leadership Trust. Sorensen was also shortlisted for
Results for America’s Moneyball for Government Nonprofit All-Star Team as well as Leap of Reason Ambassadors Community.
She has also served on a number of boards for directors, including Social Venture Partners and Oregon Mentors. In 2012, she received Orchid Award for 25 Most Influential Women in Business by Portland Business Journal. Furthermore, she was also involved with National Charity League-Oregon Rose Chapter. Sorenson has a B.S. in accountancy from the School of Business and Public Administration at the University of Missouri—Columbia. She was earlier a Certified Public Accountant with the Oregon Board of Accountancy.
Terri Sorensen said that Pacific West Bank’s aim to be the bank of choice for Portland’s nonprofit community resonated with her. She added that there is a requirement for solution-oriented banker’s to be resources for non-profits in Portland and across the country. Sorenson said that she is privileged on being part of the Board of Directors at Pacific West Bank and contribute to growth into the future.
Key Quote
“Pacific West Bank’s aim to be the bank of choice to Portland’s nonprofit community resonated with me as a nonprofit executive. There is a need for solution-oriented bankers to be a resource for nonprofits here in Portland and across the country. I feel privileged to be part of the Board of Directors at Pacific West Bank and contribute to their growth into the future,” said Terri Sorensen.
Technical Data
PWBO stock is trading below the 20-Day and 50-Day Moving averages of $13.94 and $13.65 respectively. Moreover, the stock is trading below the 200-Day moving average of $14.19.
