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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.

 

 

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Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

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

 

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

 
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