As covered in the segment on the national economy, there are thousands of leading indicators from which to forecast future conditions. There are exponentially fewer at the local/regional level to track economic shifts. We rely on population, employment, wages, and housing trend data to forecast the financial future. Here’s a […]
Central Oregon Economic Trends Read More
Written by Roger Lee, Vice President, Business Client Advisor There are several points of data to help accurately forecast a change in the business cycle. One of the most reliable has historically been an inverted yield curve – when short-term debt instruments have higher yields than their long-term counterparts. Since
Is a National Economic Recession Inevitable in 2024? Read More
By Roger Lee, Vice President, Business Client Advisor A few months ago, I met with local business leaders in the news industry. I was surprised to learn that their perception that Bend and the Central Oregon region’s economy are still largely dependent on two sectors: construction and tourism. While these
Central Oregon’s Industry Mix – Still Boom-Bust Based on Tourism & Construction? Read More
Marquam Group transforms the way people work. They leverage Microsoft, Nintex, DocuSign, and managed services to accelerate businesses’ evolution. Their story is a testament to the challenges and triumphs many aspiring entrepreneurs face. As Chad Layman, the Owner and CEO of Marquam Group, embarked on his entrepreneurial journey, he encountered
Supporting Marquam Group’s innovation approach to business Read More
Dan Wahlin recently joined Summit Bank as the new Senior Vice President, Commercial Team Lead for our Westside Portland Office. Wahlin is a longtime Beaverton resident and veteran community banker with over 30 years of experience and a proven track record of building and maintaining long-term business relationships. His experience
Brick by brick, Brian Thomas’ efforts laid a strong foundation for a successful banking career. Thomas started wholesale mortgage banking after graduating from the University of Oregon in 2005. After a wild ride through volatile economic conditions, he secured a position as a credit analyst at a growing community bank
Written by Rebekah Pratt, Vice President, Business Client Advisor Born and raised in Portland, Oregon, I have witnessed the transformation of this city over the years. From my childhood memories of exploring the iconic landmarks to my early working years in the heart of Downtown, Portland which has always held
Why are businesses leaving downtown Portland? Read More
By Chris Barron, Vice President, Relationship Banker Q. The top four banks have an implied federal guarantee on their deposits. Why put your deposits above the FDIC-insured limit in any other bank? A. Every depositor needs to make this decision for themselves, as there’s an intrinsic risk associated with uninsured
Why put your deposits above the FDIC-insured limit? Read More
Written by Brian Thomas, Senior Vice President, Commercial Team Lead Downtown Portland How Summit Bank is filling the void of business banking in the Portland metro area. The recent bank failures have left a void in the Portland market, creating a real lack of service for businesses needing reliable banking
Filling The Void in The Portland Metro Area Read More
Four key strategies all businesses should employ in the current environment. The state of Oregon’s economic forecast looks surprisingly bright, even taking into account historic pressure from inflation. Labor markets are expected to grow; however, labor will remain tight for businesses looking to hire. Inflation will persist noticeably above the
