Riverview allocates $100 million for lending
Officials say now is the time to stimulate economic growth
Tuesday, July 24, 2012
Riverview Community Bank announced Friday that it has allocated $100 million for local lending in an effort to make a difference during the persistent economic slump throughout the region.
“We know that small business is 80 percent of all business, the backbone of our communities and collectively the largest employer,” said Ron Wysaske, Riverview president and chief operating officer. “There is a persistent opinion out there that banks aren’t lending. I can’t speak for others, but for Riverview, that simply isn’t true.”
In addition to allocating funds specifically to stimulate economic growth and help small businesses grow. Riverview will work with applicants on custom financing options to meet their business needs.
“We’re here because the communities we serve believe in us. Well, we believe in them too,” said Pat Sheaffer, Riverview chairman and chief executive officer. “There has never been a better time than right now to help stimulate economic growth.”
Riverview recently rolled out a program specifically for high quality mortgages, which has resulted in more than $100 million in new mortgage loans. The program’s success prompted this latest move to continue to expand the growth that Riverview has seen in its commercial lending portfolio.
Riverview Community Bank opened in Camas in 1923 as Clarke County Savings and Loan. There are currently 18 branches including one in Camas and one in Washougal.