ID Experts Light Up Portland

PYMNTS

News out of Oregon implies significant appetite among investors for cybersecurity firms. A lot has been happening for a firm called ID Experts. Early in August, The Oregonian reported that a private equity firm had paid more than $50 million to acquire Tigard-based ID Experts, a cybersecurity firm founded in 2003. Early in the year, the company raised $5 million from backers that included BlueCross BlueShield Venture Partners and Oregon-based Rogue Venture Partners.

Google Teams With Portland’s Public Transport Operator TriMet for First Android Pay Virtual Transit Card

Bank Innovation

Here comes the world’s first virtual transit card in Android Pay, well at least according to Google and Portland’s public transport operator TriMet, who teamed up to unveil the Hop Fastpass. TriMet announced today that a group of TriMet C-Tran and Portland Streetcar beta testers can now load this virtual card into Android Pay and […].

Impact Roadshow | Portland, OR

Filene

10:00 a.m. - 12:00 p.m. Local Host: Advantis Credit Union. Filene Host: Tansley Stearns. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW?

Amazon’s Portland Plans Prove B&M Bookstores Aren’t For Books

PYMNTS

Portland, Oregon , it seems. “We We are excited to be bringing Amazon Books to [Portland’s Washington Square Mall], and we are currently hiring store managers and associates,” an Amazon spokesperson said in the announcement. Fortunately, Amazon’s decision to go with Portland makes the answer clearer than ever. Is that enough of a difference to manifest itself in the way shoppers in Portland and Seattle peruse books on Amazon’s B&M shelves?

First Tech FCU Partners with NBA's Portland Trail Blazers

Keith Leggett's Credit Union Watch

The National Basketball Association’s (NBA) Portland Trail Blazers announced a multi-year partnership deal with First Tech Federal Credit Union. First Tech will become the Trail Blazers' first ever credit union partner. Benefits of the deal for First Tech includes signage at the team’s Moda Center, digital media assets linked to Trail Blazers game broadcasts and social media platforms, and sponsorship of the ‘Block Party’ seating area.

Heritage Financial makes bigger push into Portland, Ore., with bank deal

BankThink

The acquisition would significantly increase its branch presence and lending in the Portland area. The company has agreed to pay $89 million for Premier Commercial Bancorp. Community banking M&A Capital Growth strategies Washington Oregon

New Report: Speeding Toward Startup Success?

PYMNTS

PYMNTS recently caught up with Joe Munk, the program manager of the Portland State University Startup Accelerator in Oregon, to discuss small business accelerators, the benefits of collaboration and what he sees ahead for startup success.

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Portland to test contactless cards in Oregon’s largest mass-transit system

Payments Source

TriMet, the regional transportation system based in Portland, Ore., recently began a test of a reloadable fare system and later this year it will add Near Field Communication-based payments via bank cards and smartphones to its pilot. NFC Mobile payments Oregon

Accelerating To The Future?

PYMNTS

And the financial benefits of these accelerators may only be the start of the equation, at least according to Joe Munk, program manager at the Portland State University Startup Accelerator in Oregon.

Umpqua Bank’s CEO Cort O’Haver to Join Bank Innovation Ignite

Bank Innovation

O’Haver has been CEO of Portland, Ore.-based Cort O’Haver, CEO of Umpqua Bank, will join the fireside chat at Bank Innovation Ignite 2019. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the event by registering here.

CUs are doubling down on the Latino and immigrant market

Your Credit Union Partner

Point West Credit Union ($100 million, Portland, OR) – On Jan. 25, 2017, PWCU and the Consulate of Mexico in Portland announced their new partnership to promote financial education to the Mexican community in the Portland metro area. Your Credit Union Partner.

CUs are doubling down on the Latino and immigrant market

Your Credit Union Partner

Point West Credit Union ($100 million, Portland, OR) – On Jan. 25, 2017, PWCU and the Consulate of Mexico in Portland announced their new partnership to promote financial education to the Mexican community in the Portland metro area. Your Credit Union Partner.

Construction, mortgage lending boost Umpqua's 3Q profits

BankThink

The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio. Earnings Regional banks Commercial lending Commercial banking Mortgages Umpqua Bank

Can Pivotus Help Save Banks from Themselves?

Bank Innovation

Just last year, the Portland, Oregon-based corporation performed the rare feat of upgrading its core Read More. Pivotus Ventures, a new venture capital firm launched by Umpqua Holdings Corporation, believes that drastic action is needed to keep banks relevant in the coming years.

The West’s low-caf city

ABA Community Banking

Portland lacks the fervor of Seattle—but that''s good, say bankers Management Financial Trends CSuite Community Banking. 1Management

Harvesting ideas for better futures

CU Insight

I watched as the teen dug intently in the soil of The Portland Kitchen’s “ Pizza Garden ” project, his hands near black with earth. The Portland Kitchen is an outstanding organization, working day and night to change the lives of low-income and at-risk youth in Portland, Oregon.

Maine credit union manager admits to fraud

CU Insight

District Court in Portland, Maine Wednesday for embezzling more than $400,000 when he worked as the manager of the Portland Maine Police Department Federal Credit Union. Barry Peter Strozniak Portland Maine Police Department Federal Credit UnionJohn C.

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Umpqua in Ore. Hires Exec to Form Corporate Banking Business

American Banker

Umpqua Holdings in Portland, Ore., has formed a corporate lending office and hired Richard Cabrera to oversee it. breaking_news people or commercial-lending community-banking

Amazon’s Next Brick-And-Mortar Shop

PYMNTS

Blame the people or blame the media, but Portland has acquired a reputation as a haven for the slightly off-kilter and the anti-mainstream. Fortune is reporting that sources have confirmed Amazon’s intentions to open a third brick-and-mortar bookstore in Portland, Oregon. This would complement Amazon’s first such store in Seattle and another in San Diego, with the Portland store eventually taking up residence in the Washington Square Mall on the city’s perimeter.

Bluetooth Accelerates Mobile Pay at Canadian Vending Machines

Payments Source

A coalition of Canada’s largest vending machine operators has formed a partnership with Portland, Ore.-based based payments technology startup PayRange Inc. to add mobile payments through Bluetooth technology. mobile news technology

HomeStreet to Buy Oregon Branches from Bank of Oswego

American Banker

HomeStreet in Seattle has agreed to buy two branches in the Portland, Ore., area from Bank of Oswego. breaking_news community-banking wa or m-a dealmaking-strategy

Housing shortage in Pacific Northwest forces banks to get creative

BankThink

With traditional mortgage lending opportunities becoming increasingly scarce, banks in Seattle and Portland are loading up on jumbos, diving into multifamily and reviving dormant bridge loan programs. Housing Mortgages Multifamily Consumer lending Commercial lending Jumbo mortgages

Kenya’s Money in the Past: Nairobi Stock Exchange in 1997

Bankelele

Still Listed BAT Kenya Bamburi Portland Cement Barclays Bank of Kenya Car & General Carbacid Investments Credit Finance (later CFC, […]. What companies were listed on the Nairobi Stock Exchange, twenty years ago, in 1997?

Umpqua Boosts Loans 9% But Has Little to Show for It

American Banker

Profits barely budged at Umpqua Holdings in Portland, Ore., even though it recorded strong consumer and other loan growth last quarter. breaking_news consumer-finance national-regional

The big squeeze: turning lemons into lemonade

Your Credit Union Partner

The NCUA told us we were in net worth restoration and that we had been downgraded," Robinson said, explaining that the small credit union based in Portland, Ore. The first step was convincing the NCUA that we were in it to win it, and that I was willing to do whatever it took," she said, adding that she fought hard to keep the credit unions three-branch footprint – one in Portland, one in Tukwila, near Seattle, and one in Spokane, Wash. Your Credit Union Partner.

Big Deal Brings Urban Opportunity, New Challenges for First Interstate

American Banker

Montana's biggest bank will have to compete in cities such as Seattle and Portland, Ore., after buying Cascade Bancorp. But the company is arguably more excited about its chances to grow in central Oregon and Idaho, which are more like its existing markets.

Umpqua announces ‘NextGen’ plan to boost profitability

BankThink

The Portland, Ore., company outlined a plan to boost its return on tangible common equity to between 13-15% by 2020. More details will be provided by fall, executives said. Strategic plans Bank technology Commercial banking Branch network Umpqua Bank

U.K. Bank Joins Umpqua in Innovation Venture

American Banker

Umpqua Holdings in Portland, Ore., has found a bank partner to join in its bid to bring new banking technologies to market. breaking_news national-regional digital-banking or bank-technology

Umpqua beefs up wealth business in Southern California

BankThink

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego. Wealth management Recruiting Fee income Umpqua Bank California

Visa, Cambia Health team to reimburse patients via debit cards

Payments Source

Visa and Cambia Health Solutions, a Portland, Ore.-based based health care technology company, are teaming up to offer consumers health care reimbursements directly through debit cards, instead by check or bank transfer. Debit cards

Acorns Can Now Offer Retirement Accounts Through Vault Acquisition

PYMNTS

According to a TechCrunch news report, Portland-based Vault’s application allows users to set aside part of their paychecks into retirement funds. While the deal enables Vault to reach a wider group of potential investors, it also gives Acorns a foothold in the Portland market, which it sees as an emerging hub for developer talent.

Adding New Layers To The Retail Experience

PYMNTS

Portland, Seattle, Lexington, KY, New Orleans, Brooklyn — the list goes on, but it is safe to assume that if the city has a reputation for attracting millennials, it probably has a Marine Layer store somewhere nearby. So far, you can find an Airbnb with Marine Layer in New Orleans, Portland and Chicago. Natenshon explained that the brand’s first Airbnb in Portland was created because the California team — while opening their Portland location — just needed a place to sleep.

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First Tech CU Plans Major Expansion

Keith Leggett's Credit Union Watch

But according to the Portland Business Journal, the corporate campus is intended to accommodate a second building of comparable size. First Tech Credit Union (Beaverton, OR) is planning a major expansion in Hillsboro, Oregon. The first phase involves the construction of a 150,000 square foot, five-story building. The cost of the project was not disclosed. Read the story (subscription required

Uber Faces DoJ Probe Into Alleged Criminal Activity

PYMNTS

Uber’s official position on greyballing — according to a letter sent to city authorities in Portland — is that it is the practice of showing some customers a different version of the app than most customers see. Uber’s attorney claims the program was used sparingly — and not at all since 2015 when, Portland adopted preliminary rules for Uber’s operation in the city.

For This Startup, Scale Was A Matter Of Necessity

PYMNTS

Well, according to Cofounder and CEO Eric Breon, scaling was a matter of necessity when Vacasa first started out because rental homes were illegal in the company’s home turf of Portland, Oregon, in all but commercial areas (which greatly limited the company’s initial reach).

Umpqua to Close 26 Branches in Ore., Calif., Wash., Idaho

American Banker

Umpqua Holdings in Portland, Ore., plans to close 26 branches in Oregon, California, Idaho and Washington state in an effort to cut costs. breaking_news consumer-finance or ca wa id national-regional

Umpqua Sets Succession Timeline for Chief Ray Davis

American Banker

Umpqua Holdings in Portland, Ore., will have a new chief executive in 2017. The company said Monday that Ray Davis, 67, will step down as president and CEO, effective Jan.

Umpqua Chief Ray Davis Sets Retirement Date

American Banker

Umpqua Holdings in Portland, Ore., will have a new chief executive in 2017. The company said Monday that Ray Davis, 67, will retire as president and CEO, effective Jan.

PayPal, Kiva Team To Launch New Tools For Small Business Month

PYMNTS

The events will take place in Atlanta, Chicago, Houston, Minneapolis, Omaha, Oakland, Portland (Ore.), PayPal has announced the launch of its inaugural PayPal Small Business Month, aimed at bringing a new level of engagement to small and underserved businesses and their communities.

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Cannabis Startups Expected To Boost Warehouse Rents In Boston, L.A.

PYMNTS

Legal weed has already driven up rents in cities such as Denver, Seattle, and Portland, which had previously relaxed cannabis laws. Industrial rents in Seattle and Portland each rose 27 percent in the same period. Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets.

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Inside Square's City of Mobile Payments

Payments Source

spent six weeks in Portland, Ore. — Square Inc. — a city with a strong existing base of micro-merchants — to transform it into one of the company's top U.S. markets in total Apple Pay transactions conducted with its card readers. alternative technology mobile retail-acquiring

Lyft Plans to Buy a Bike-Sharing Company

PYMNTS

JUMP operates in 12 cities all over the world, including Portland, Oregon and Phoenix, Arizona, according to Wired. Lyft will buy the bike-sharing company Motivate , according to report in The Information. The potential deal follows a similar move by Uber in April. Motivate will cost Lyft at least $250 million, according to unnamed sources in the report. Uber spent $200 million to acquire bike-sharing operator JUMP , according to reports.

Macy’s Is Hiring 80,000 Employees For The Holidays

PYMNTS

These positions are located in Goodyear, Arizona; Cheshire, Connecticut; Tulsa, Oklahoma; Portland, Tennessee; and Martinsburg, West Virginia, as well as in product-specific fulfillment centers in Sacramento, California; Stone Mountain, Georgia; Secaucus, New Jersey; and Joppa, Maryland. Macy’s announced it is hiring 80,000 temporary workers for the holiday season, as well as adding more employees to handle online orders. Macy’s, Inc.

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