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Another bank is pulling out of Bend. Officials at West Coast Bank say they are closing both of their branches here in Bend. The closures will occur in early December and will eliminate 8 or 9 local positions. The bank has had some problems complying with federal and state regulations regarding on-hand cash levels. The FDIC issued a “Cease and Desist Order” in October of 2009 alleging the bank had conducted unsafe and unsound banking practices, by failing to maintain sufficient liquidity and capital to cover poor quality loans. West Coast Bank raised the required capital and met other requirements, allowing the FDIC to terminate the order. The Bend closures are expected to allow the bank to maintain a better cash position.

 

 

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Traffic & Weather

 

 

 

 

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

 

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.

 
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