Pacific Continental Selected as One of the Top Northwest Companies of the Decade
EUGENE, Ore., June 15 /PRNewswire-FirstCall/ — Pacific Continental Corporation (Nasdaq: PCBK), the bank holding company for Pacific Continental Bank, today announced that it was recently honored and recognized by The Seattle Times as one of the Northwest region’s top 20 companies of the decade. The “top 20″ list recognizes publicly traded companies, headquartered in Washington, Oregon or Idaho, that have provided shareholders with the highest total returns between 2000 and 2009.
Additionally, for the tenth consecutive year, the publication named Pacific Continental to its Best of the Northwest list (formerly referred to as the “Northwest 100″). Ranked 43rd overall, Pacific Continental was the second-highest ranked financial institution on this year’s list.
“Being recognized as one of the decade’s top 20 publicly traded Northwest companies confirms the long-standing success of our business model,” said Hal Brown, Pacific Continental’s chief executive officer. “Comparing results over a period of ten years eliminates short-term performance volatility and demonstrates our company’s ability to deliver strong shareholder returns over an extended period of time.”
According to the publication, rankings are determined by a thorough review of the following four key metrics: sales per employee, operating income, return on equity and stock-price appreciation. Return on equity receives the most weight in the ranking, but no single measure predominates.
In order to be considered for the list, public companies must be headquartered in Washington, Oregon or Idaho. They must trade above $2 a share, be public for at least two full years and be listed on the New York, American or Nasdaq stock exchanges.
About Pacific Continental Bank
Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through fourteen banking offices in Oregon and Washington. Pacific Continental, with $1.1 billion in assets, has established one of the most unique and attractive metropolitan branch networks in the Pacific Northwest with offices in three of the region’s largest markets including Seattle, Portland and Eugene. Pacific Continental targets the banking needs of community-based businesses, healthcare and professional service providers, and nonprofit organizations.
Since its founding in 1972 Pacific Continental Bank has been honored with numerous awards from business and community organizations: in June 2010, The Seattle Times selected Pacific Continental as one of the Top 20 Companies of the Decade and – for the tenth consecutive year – named Pacific Continental to its “Best of the Northwest” ranking (formerly referred to as the “Northwest 100″) of top publicly rated companies headquartered in the Pacific Northwest; in March 2010, Oregon Business magazine recognized Pacific Continental as the top-ranked financial institution to work for in the publication’s large company category, making it the tenth consecutive year Pacific Continental has been recognized as one of the 100 Best Companies to work for in Oregon; and in December 2008, for the second consecutive year, the Portland Business Journal recognized Pacific Continental Bank as One of the Ten Most Admired Companies in Oregon.
Pacific Continental Corporation’s shares are listed on the Nasdaq Global Select Market under the symbol “PCBK” and are a component of the Russell 2000 Index. Supplementary information about Pacific Continental can be found online at www.therightbank.com
SOURCE Pacific Continental Corporation