Oregon Pacific Bancorp : News Release

Florence, Ore., April 30, 2024 - Oregon Pacific Bank is proud to announce its support for local community development through its participation in the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Member Impact Fund.

This matching grant program is designed to offer eligible organizations critical financial support for affordable housing and community development initiatives in targeted areas of FHLB Des Moines' district and has awarded nearly $20 million to hundreds of non-profit and government organizations across the region. In Oregon alone, $4.11 million was distributed among 104 awards with the participation of 19 members, reflecting a concerted effort to bolster affordable housing and community development efforts within the state.

Oregon Pacific Bank contributed to the success of this program by recommending and matching grants for two deserving local organizations in Oregon. The Bank is delighted to have played a part in enhancing the well-being and prosperity of the local communities it serves.

The two grants supported and matched by Oregon Pacific Bank are as follows:

City of Coos Bay (Mingus Park Pool):

• Approved Member Impact Fund Grant: $7,500
• Member Match from Oregon Pacific Bank: $2,500
• Total Grant to Grantee: $10,000

Coos Bay Mayor Joe Benetti is presented with grant from Oregon Pacific Bank President Ron Green.

Habitat for Humanity Portland Region:

• Approved Member Impact Fund Grant: $7,500
• Member Match from Oregon Pacific Bank: $2,500
• Total Grant to Grantee: $10,000

Oregon Pacific Bank Board Member Rick Yecny, OPB Portland Market President Kyle Baisch, Habitat for Humanity CEO Steve Messinetti, Oregon Pacific Bank President Ron Green, Habitat Senior Business Engagement Officer Tor Ostrom, and OPB Commercial Team Leader Eric Deisler pose for photo with grant presentation on site at Habitat for Humanity Portland Region's Lake Oswego Build.

These grants will have a tangible impact on the local community. The City of Coos Bay plans to utilize the funding to replace the Mingus Park Pool boiler, ensuring that this vital community asset remains operational for summer swimming. Thanks to the generous contributions from both the community and Oregon Pacific Bank, the City was able to surpass its fundraising goals, demonstrating the power of collaboration in achieving common goals.

Similarly, Habitat for Humanity Portland Region will use the grant to revitalize its Americorp program, addressing critical staffing needs and supporting construction efforts in the region. This funding will enable the organization to reestablish a program that has been on hold since the onset of the COVID-19 pandemic, furthering its mission of providing affordable housing solutions.

Oregon Pacific Bank is committed to supporting initiatives that promote the welfare and prosperity of the communities it serves. By actively participating in programs such as the Member Impact Fund, the Bank continues to demonstrate its dedication to community development and empowerment.

For more information about Oregon Pacific Bank and its community initiatives, please visit www.opbc.com.