Terry Hackney
Date:
June 14, 2010 - 6:00pm - 7:30pm
Jimmy Mak’s, 221 NW 10th Ave. in the Pearl
Banking, Bailouts, and Business: the New Financial Landscape - Globally and Locally
At no time since the Great Depression has the banking business been so volatile. But under the direction of CEO Ray Davis, Umpqua Bank — Oregon’s largest local bank — fueled up on $214.2 million from the government’s Troubled Asset Relief Program (TARP), took over the operations of two failed banks, issued $1.7 billion in new loans to stimulate Oregon’s economy and then repaid the TARP loans.