Jeff Bailey Named New President of Bank of Eastern Oregon
June 03 2008 - 12:11PM
Business Wire
The Board of Directors of Bank of Eastern Oregon (OTCBB:BEOB)
announced Jeff Bailey has been named President of Bank of Eastern
Oregon effective July 1, 2008, subject to regulatory approval.
Bailey has been at Bank of Eastern Oregon since 1996 and currently
serves as Chief Credit Officer and is on the executive management
team. He will retain the title of Chief Credit Officer. The current
president of the bank, E. George Koffler, will retain his title of
Chief Executive Officer of Bank of Eastern Oregon and President and
Chief Executive Officer of BEO Bancorp, the bank�s holding company.
This announcement is a planned management succession move
coinciding with Koffler�s announcement of a retirement date of
March 31, 2009. �Jeff was a natural choice for the bank. He
exemplifies the core values and business ethics the organization
has embraced. He is the right person to lead the bank as we
continue to grow at a measured pace and build on our excellent
profitability of the past few years,� said Chairman of the Board,
Linda K. LaRue. About BEO Bancorp BEO Bancorp is the holding
company for Bank of Eastern Oregon, which operates 11 branches and
three loan production offices in nine eastern Oregon counties.
Branches are located in Arlington, Ione, Heppner, Condon, Irrigon,
Boardman, Burns, John Day, Prairie City, Fossil and Moro; loan
production offices are located in Hermiston, Enterprise, and
Ontario. Bank of Eastern Oregon also operates a mortgage division
and offers brokerage services through BEO Financial Services. The
bank�s website is www.beobank.com.
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