On Air Now

Lars Larson
Lars Larson
12:00pm - 3:00pm

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Congratulations to Andy Lane and Ken Nolan! Winners of the 7 Wonders of Oregon contest at All Seasons RV and Marine!
Local News

Supporters of a "State Bank" in Oregon say it could be a way to free up credit and draw more jobs to Oregon.  Two bills in Salem would establish the bank. Sean Watt, a Regional Manager with Home Federal Bank, says don't let the name confuse you: it’s not about Socialism. He says a state bank wouldn't compete with community bank, but could actually help them.  "Actually the state bank concept would spread the risk out. It would take less risk it would take more risk off of the financial institution and spread that risk with the state bank. So, for example, you would see more participation loans, where the bank would have a portion of the loan the state bank would have a portion of the loan, and therefore they're spreading the risk out on that particular deal." The only state bank in the country is in North Dakota and that bank started in 1919. In that model the Governor plays a big role in overseeing the bank . Watt says one downside to doing a state bank in Oregon right now could be the start up costs. A recent survey shows many smaller business owners support the overall concept of a "bankers" bank.





Traffic & Weather



Ferguson Road closed between 15th Street and King Solomon Lane. (6/13)


Round-About Construction:


Murphy Road and Parrell Road closed with detours. (9/30)


Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)


Lane closures, flaggers on Skyliners Road (5/25)

LinkedUpRadio Envisionwise Web Services