ILWACO – ShoreBank Pacific recently announced another record-breaking quarter.

Second quarter earnings grew 72 percent from the same period last year, driven by new lending customers and deposit growth. Earnings for the quarter reached $178,000, with an increase in deposits to $110 million, representing growth of 11 percent over the second quarter of 2006. Transactional deposits increased 75 percent over the same period last year reflecting the bank’s commitment to new business and personal checking accounts. Lending increased by 12 percent from the same time frame in 2006.

“Our commitment to building sustainable businesses is right in sync with the values of the Pacific Northwest,” said ShoreBank Pacific CEO David Williams. “As we approach our 10-year anniversary, our consistent growth reflects the long-term potential of the bank and the health of the communities we serve.”

New loan clients include SOLV, a leading Oregon nonprofit promoting community, beach and river cleanup and Oregon-based brew pup entrepreneurs, McMenamins, which is acquiring a building in Northeast Portland and slating it for renovation.

ShoreBank Pacific is headquartered in Ilwaco, with additional lending offices in Federal Way and Portland, Ore. Visit (www.shorebankpacific.com) for more information.