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Article: For Ore.'s Klamath, Slow is Beautiful.(Klamath First Bancorp Inc.)(Brief Article)
- Article from:
- American Banker
- Article date:
- June 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As Oregon's top banking companies duke it out in the hot business markets of Portland, Eugene, and Salem, $1 billion-asset Klamath First Bancorp in Klamath Falls is content to grow by catering to consumers in the sleepier parts of the state.
Long a presence in eastern Oregon's vast agricultural lands and the smaller towns of the Central Valley, the parent of 67-year-old Klamath First Federal Savings and Loan said this week that it will expand westward by buying 13 Washington Mutual Bank branches, for $33 million.
The branches, with $416 million of deposits and about $178 million of loans, are in familiar kinds of markets for Klamath First. Most are in ...