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February 17, 2021
The shareholders of People's Bank of Commerce and Willamette Community Bank approved their proposed merger. Subject to the terms of the Merger Agreement, Willamette Community Bank will merge with and into People's Bank of Commerce, with People's Bank of Commerce surviving the merger. The consummation of the proposed merger remains subject to regulatory approval and other customary closing conditions. Founded in 1998, People's Bank of Commerce is headquartered in Medford. Willamette Community Bank is headquartered in Albany and was founded in 2003.
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