High Desert Bank opened its doors for business on September 26, 2007, as Capitol Bancorp’s 55th affiliate bank and the first in the state of Oregon.
Our slogan is “Local Service — Local Knowledge.” We started the bank with 160 investors and a board of directors whose members have longevity and success in the community. Our staff averages more than 16 years in banking.
| Since our debut, we have experienced solid loan and deposit growth and rapid profitability. |
The bank derives its name from the elevated arid region of central Oregon where our community is established. The panoramic Oregon Mountains give us a gorgeous backdrop to the west. Bend, a thriving city of more than 80,000 residents, is developed at the bend in the Deschutes River. It is the hub of Deschutes County, the fastest growing county in Oregon and the sixth fastest in growth in the country. Founded as a lumber town in 1905, Bend has transformed itself into a summer and winter recreational area, a great place to live, work and raise a family. It has a solid core of local and regional businesses, and the lowest unemployment rate in the state. The quality of life is enhanced further by excellent medical facilities, great weather, quality education and a relatively moderate cost of living.
Our staff members know the importance and value of community involvement. We volunteer and serve on the board of directors with the United Way, Rotary Club, Boys & Girls Club of Bend, Volunteers in Medicine, Economic Development for Central Oregon, Risk Management Associates, Habitat for Humanity, March of Dimes, Chamber of Commerce and Mountain Star Nursery.
High Desert Bank will be a vital part of this vibrant community by epitomizing the Capitol Bancorp model — seizing the plentiful opportunities to provide for the financial services needs of small and mid-size businesses and professionals. Since our debut, we have experienced solid loan and deposit growth which has provided a strong and fundamental basis to achieve our aggressive bank goals for rapid profitability.
We are looking forward to maximizing our potential in the coming years as High Desert Bank becomes an ever-expanding presence in our marketplace. We will achieve success with dedication, diligence and building relationships that last.
— Larry R. Snyder, President