Bank Merger
A recent merger of two banks has changed the landscape of Oregon banks. The merger of Columbia Banking System of Seattle that is headquartered in Tacoma got the official approval for the merger with Umpqua Bank. It had been in the process for several years with an all stock deal in October of 2021. The merger officially removes Umpqua as an Oregon based bank, even though it will retain the name. Umpqua was the largest bank headquartered in Oregon. In the merger Columbia was ordered to close several branches in order to not conflict with anti-trust laws. Those branches included Newport, Waldport and Tillamook along with several others. The Umpqua branch in Florence will continue to remain open. Columbia also acquired 1st Security Bank in November of Last year.
Proposal Could Move School Control to State
Governor Tina Kotek is backing an Oregon Senate proposal that would transfer more authority over K-through-12 schools away from local school boards and to the Oregon Department of Education. Senate Bill 1045 would allow the O.D.E. to withhold state funding or direct just how that money is spent. Skeptics call the move a “seismic shift” in how decisions on local education are made. Under current law the Ed Department can only recommend which curriculum is selected, or how money is spent. Under 1045 those recommendations would be come requirements, further eroding local control of schools.
Walking Study
The Nursing school at Oregon Health Sciences University and Siuslaw Public Library are partnering together to study the health of individuals through a walking program with the aims of improving the health of rural Oregonians. 19 other libraries across the state will also be participating. Eligible residents must be 18 years of age or older to participate and must not work out more than 3 times per week. There are two types of walking programs that will be initiated: walking only, dubbed the step it up program and walking with civic engagement dubbed Change Club Step it up. Libraries will choose one or the other as part of the study. If interested in participating in the study contact Siuslaw Public Library. A fitbit and a t-shirt will also be provided.