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A small bank holding company with ties to the Oregon coast hopes to open its first branch in the Portland area soon.
West Coast Bancorp, the holding company overseeing the Bank of Newport in Newport, has received approval from state regulators to open what it calls a business banking office near Lake Oswego. West Coast President Gary Putnam said the firm expects approval from the Federal Deposit Insurance Corp. for the new office in the next couple of weeks.
The new office will specialize in commercial loans to small and medium-sized businesses. Putnam said his small staff has received …