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Archive Home > 2008 > September > 19 > Oregon bank selling credit card portfolio

Oregon bank selling credit card portfolio


September 19, 2008

Columbia River Bank announced Thursday it’s selling its credit card portfolio to Elan Financial Services of Pittsburgh for $7.8 million. The portfolio has an outstanding balance of $7 million, meaning the sale is expected to result in a 2008 pretax gain of approximately $770,000,....

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