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Banking and Finance Briefs

Columbia’s training department receives two national ELLY awards
Columbia Credit Union recently earned two national ELLY awards from the Credit Union National Association’s Center for Professional Development, representing the best practices in the field of training and development. In September at the annual Experience Learning Live conference in Wisconsin, Columbia received an award of merit in the WOW category for a training event. The event also won first place as Training Professional of the Year, an award meant for a training department or professional who made outstanding contributions to their community.

First place in the Training Department of the Year category recognizes the achievements of a visionary training department that has made exceptional contributions to staff development.

Riverview Bancorp posts record profit increase
Riverview Bancorp reported total assets of $739 million for the second quarter, an increase of 41 percent versus the prior-year period. Net income increased 35 percent to $2.6 million and deposits grew 46 percent to $600 million. The acquisition of American Pacific Bank earlier in the year contributed to the increases. Riverview is in the process of building two new branch locations in Vancouver, which it expects to have online in the third quarter of this year. Earnings per share were 45 cents, versus 39 cents last year.

Cowlitz Bancorp announces earnings increase
Cowlitz Bancorp posted a 46 percent increase in net income to $756,000 for the third quarter, due to the strength of the commercial banking side of the business, a statement from the company said. Total assets were $311.6 million, an increase of 2 percent. Deposits rose 9 percent to $255.9 million. Cowlitz recently announced its intention to purchase Seattle-based AEA Bancshares Inc., scheduled to close in November, and the opening of its first full-service Clark County Bay Bank branch in the Vancouvercenter in 2006.

HomeStreet Bank awards Home Ownership Center $10K
HomeStreet Bank awarded the Vancouver Home Ownership Center with a HomeStreet Community Housing Award, making it the recipient of a $10,000 grant to serve people with low to moderate incomes. The center received the award in a celebration on Oct. 20.

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