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Klamath Falls was on the verge of not having a community bank -

 

Monday - The Bank of the Cascades announced they would buy the AmericanWest branches associated with Klamath Falls. BOC President and CEO Terry Zink says community banks are a big part of any local economy-  and they hope to make a noticeable difference in Klamath Falls.

 

"One of the things I believe strongly in is that there needs to be an alternative for people to the really big  banks - and community banking is really built for these more rural markets where you are really involved in the local community - you're part of what's going on....and it really matters what happens there- where with some of the bigger banks- they just have a branch there and they don't really have roots in the communities."

 

The deal would also impact some customers in the Bend and Redmond area.  BOC would assume the AmericanWest customers, deposits and some loans of its Bend and Redmond branches.  The deal is pending approval by regulators and is expected to close in the fourth quarter of this year. 

 

Each of the three branches were PremierWest Bank  branches prior to acquisition by AmericanWest Bank earlier this year.

 

 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.
  • Roundabout at intersection of NW Shevlin Park Road and NW Mt. Washington Drive for roundabout reconstruction, road closure with detours, 5/13/19 - 6/27/19.
  • SE Cessna Drive between SE Piper Drive and SE Craven Road for waterline installation, road closure with detour, 5/20/19 – 6/6/19.
  • NE 6th Street between NE Greenwood Avenue (US Hwy 20) and NE Majesty Lane for asphalt speed hump installation, pavement markings, and concrete work at several intersections, rolling one block closures and detours along with day time flagging, 4/29/19 – 6/15/19.
  • Brosterhous Road between American Lane and Jacklight Lane for sewer main installation, southbound lane closures with detours, until 7/15/19.
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