Columbia River Bank, a subsidiary of Columbia Bancorp, has said that several administrative departments of the bank will relocate from downtown Vancouver, Washington to The Dalles, Oregon by mid-2009.
The bank has said that with this decision, approximately 30 operational support positions will move to the bank’s administrative head office in the Columbia River Gorge while some IT and human resources personnel will remain in Vancouver.
The bank has also said that after the completion of relocation, Columbia River Bank will employ 335 individuals, a 27% reduction from a high point in August of 2008.
The new measures will add additional responsibilities to many Columbia River Bank executives, including: CFO, Staci Coburn, who is currently located in The Dalles, will add retail operations to her responsibilities. Similarly, chief banking officer, Shane Correa, will relocate to The Dalles, adding loan operations to his responsibilities.
Terry Cochran, president of Columbia River Bank, said: We are hopeful that many of our Vancouver team members can relocate to the Columbia River Gorge. We do, however, understand that some personnel may not be able to move. In those cases, we will hire for those positions in The Dalles, both from within and outside the bank.
