Willamette Valley Bank to Exit Residential Mortgage Lending

SALEM, Ore. – February 26, 2026 – Willamette Valley Bank announced today that it will exit the residential mortgage lending business effective March 31, 2026.

“The residential mortgage industry has undergone significant changes in recent years, including the growth of online and non‑bank lenders and a prolonged period of higher interest rates,” said Ryan Dempster, President and Chief Executive Officer of Willamette Valley Bank. “These conditions have made it increasingly difficult for community financial institutions to compete sustainably in this segment,” Dempster said. “We remain focused on commercial banking and continue serving the core needs of businesses and individuals throughout the Willamette Valley.”

About Willamette Valley Bank

Willamette Valley Bank (Bank) isa community bank headquartered in Salem, Oregon. The Bank conducts commercial and retail banking activities at four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2222 or visit our website at www.willamettevalleybank.com.

Forward Looking Statements

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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