ABERDEEN — Bank of the Pacific’s holding company, Pacific Financial Corp., saw its net income rise 28 percent in April, May and June 2016 compared to the same months in 2015, the bank announced July 26. For the first half of the year, net income was up more than 15 percent.
“Revenue from residential real estate mortgage activity continued to be strong, up 7 percent this quarter versus the like quarter in 2015,” said Denise Portmann, president and CEO. “With the recent decline in longer-term interest rates, our residential mortgage lending team is well positioned to generate additional revenue from the expected increase in refinance activity.”
Bank of the Pacific has branches in Pacific and Clatsop counties, in addition to others in the Pacific Northwest.
GEARHART — Marianne Pittard of RE/MAX River & Sea was named one of America’s most productive sales associates as a part of REAL Trends America’s Best Real Estate Agents, a report sponsored by Zillow Group.
Pittard is now ranked number 47 for the entire state of Oregon. To qualify for inclusion, an individual agent must have closed at least 50 transaction sides or $20 million in sales volume in 2015.
“I am obviously pleased and honored to be ranked on this ranking of the country’s top residential real estate agents,” Pittard said.
OCEAN PARK — Ocean Park was ranked number 1 in the U.S. in June by the Realtor.com website among “under the radar, beautiful and secret beach towns you’ve probably never heard of.”
Rockaway Beach in Oregon was ranked number five.
See tinyurl.com/Ocean-Park-Number-1 for details.
SEASIDE — “By demonstrating a commitment to safe and effective patient care, Providence Seaside Hospital earned the Joint Commission’s Gold Seal of Approval for Hospital Accreditation,” the hospital recently announced.
The Gold Seal is given for demonstrating continuous compliance with Joint Commission performance standards.
Providence Seaside and its North Coast clinics located in Warrenton, Seaside, Cannon Beach and Gearhart “underwent a rigorous, unannounced onsite survey during the second week of April,” according to a press release. An evaluation team examined emergency management, environment of care, infection prevention and control, leadership, and medication management. Surveyors also conducted onsite observations and interviews.
“Providence Seaside is pleased to receive renewal of our accreditation from The Joint Commission, the premier health care quality improvement and accrediting body in the nation,” added Kendall Sawa, the hospital’s chief executive.
ASTORIA — Clatsop County’s seasonally adjusted unemployment rate for June was 4.7 percent, essentially unchanged from the previous month (4.4%), but lower than the year before (5.7 percent). It was about the same as the statewide rate (4.8 percent) and the national rate (4.9 percent).
June’s total nonfarm employment was 280 more than one year before, a growth rate of 1.5 percent. The private sector added 160 jobs over the year, and government employment rose by 120. Industries adding the most jobs over the year were leisure and hospitality (up 130) and professional and business services (up 100).
Pacific County’s June jobless rate was 8.2 percent, basically unchanged from May and down slightly from 8.4 percent in June 2015. It still is higher than the pre-recession level of 7.0 percent in June 2007.
ASTORIA — Warrenton Kia donated $800 to Columbia Memorial Hospital’s Relay for Life team.
Kia hosted a fundraising car wash on June 25, during which CMH caregivers and their families scrubbed and buffed cars. With donations from grateful drivers, the team raised more than $1,200 for the American Cancer Society.