- Full Time Employees
- 42
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 2002 NE MLK Jr. Boulevard Portland OR United States of America 97212
- IPO Date
- Aug 20, 1997
- Business
- Albina Community Bancorp (ACBCQ) operates as the holding company for Albina Community Bank, a certified Community Development Financial Institution (CDFI) focused on commercial banking services in Portland, Oregon; it originates loans for property acquisitions, rehabilitations, home improvements, small business inventory, working capital financing, and federally guaranteed Small Business Administration loans. Founded in 1995 and headquartered at 2002 NE MLK Jr Blvd in Portland, the company targets underserved communities to promote economic opportunity, job creation, and neighborhood development primarily in the Portland metropolitan area. In September 2014, Albina Community Bancorp filed for voluntary Chapter 7 liquidation bankruptcy in the US Bankruptcy Court for the District of Oregon amid ongoing trust-preferred debt issues and deferred interest payments, resulting in the delisting and cessation of its independent operations as a holding company. Prior to bankruptcy, OnePac Bancorp (parent of Beneficial State Bank) acquired a 90.1% stake in Albina Community Bank in 2013, followed by a full merger in early 2018 that integrated the bank's branches and mission into Beneficial State Bancorp's network across California, Oregon, and Washington. The ticker ACBCQ persists as a defunct "zombie" symbol on OTC markets with zero value, reflecting no active business or recent developments post-liquidation.