Ryan Dempster Appointed President

Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, announced today the appointment of Ryan Dempster as President and Board member of both companies effective January 1, 2019. Mr. Dempster, who began serving as the Bank’s Chief Financial Officer shortly after he joined the Bank in 2007, will assume responsibility for day-to-day operations while retaining his duties as Chief Financial Officer. Neil Grossnicklaus, who has served as the Bank’s President and Chief Executive Officer since 2001, will continue as Chief Executive Officer and lead the institution’s strategic direction.

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Ryan Dempster, President, Willamette Valley Bank (Photo: Business Wire)

“The efforts of Mr. Grossnicklaus and the entire Bank leadership team have led to the development of a strong foundation and solid reputation as a great community bank,” commented Ed Martin, Chairman of the Board of Directors. "We are excited about Mr. Dempster’s promotion as it ensures a seamless leadership transition that will allow the Bank to continue its position as one of the state’s leading community banks. Mr. Dempster is a strong leader who is an active member of the Salem community and we feel he is an excellent selection to lead the institution long into the future.”

Mr. Dempster has been active member of the Salem community since earning his Business Administration degree from Corban University and serves as a Board member for several non-profit organizations. Mr. Dempster is a Certified Public Accountant and graduate of Pacific Coast Banking School at the University of Washington. He and his wife, Emily, live in Salem with their two children.

About Oregon Bancorp, Inc.

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates full-service branches in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates Home Loan Centers in Bend, Eugene, Grants Pass, Medford, Portland, Tualatin, and West Linn, Oregon, Spokane, Vancouver, and Newport, Washington, and Coeur d’Alene and Meridian, Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2221 or visit our website at www.willamettevalleybank.com.

Certain statements in this release may be deemed “forward-looking statements”. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

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