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January 31, 2023

People's Bank

PBCO Financial Corporation, the holding company of People's Bank of Commerce, announced the retirement of Ken Trautman, CEO and co-founder, effective July 1. Trautman will remain on the board of directors for the company and the bank. Trautman started the bank with co-founder Mike Sickels in 1998 in response to the numerous mergers that took place in the southern Oregon market that had notably reduced a local community banking presence. Under Trautman's leadership, the Bank has grown from seven employees in one Medford location to over 140 employees in 11 offices serving 10 communities with assets of over $800 million. The company has named Julia Beattie, who currently serves as president, to succeed Trautman as CEO. Beattie will also join the board of directors. Beattie has been with the bank since 2013 and has more than 30 years of experience in the financial services industry. Beattie received her Business Administration degree from Baylor University and her MBA from the University of Texas. She currently serves on the board of the Community Bankers of Oregon. People's Bank of Commerce is a full-service, commercial bank headquartered in Medford, Oregon.

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