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Oregon-based Willamette Community Bank names successor to retiring CFO
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Albany, Ore.-basedWillamette Community Bankappointed Robert Moore to succeed retiring CFO Keith Lockhoven.
In a news release,the bank also said that first-quarter net income was $115,703, or 12 cents per share,compared to the year-ago period's $105,233, or 11 cents per share.
The bank saidthat the 2016 results include about $50,000 of nonrecurring expenses primarily relatingto the CFO transition. Adjusting for nonrecurring items, first-quarter net incomewas $151,000 or 15 cents per share.