- Business
- BEO Bancorp BEO Bancorp serves as the holding company for Bank of Eastern Oregon, a community bank focused on commercial and consumer financing, deposit services, mortgage lending, and agricultural banking in rural markets of northeastern Oregon, southeastern Washington, and southwestern Idaho. Bank of Eastern Oregon offers checking accounts, savings accounts, money market accounts, time deposits, and certificates of deposit; commercial real estate loans, agricultural loans, farm loans, installment loans, credit card loans, term loans, refinancing loans, and lines of credit; online and mobile banking, bill payment services, business cash management including ACH and wires, positive pay, mobile deposit, remote deposit, sweep services, and treasury management; as well as automated teller machines, safe deposit boxes, and mortgage loan origination and sales into the secondary market. Founded in 1945 as Gilliam County Bank by eastern Oregon farmers and ranchers and headquartered in Heppner, Oregon, the bank operates 22 branches and two loan production offices across 16 rural counties, including locations under the Bank of Eastern Washington name in Washington state. In recent developments, the bank transitioned its loan production offices in Caldwell, Idaho, and Pendleton, Oregon, into full branches in 2023 and 2024 respectively, expanding its physical footprint; reported consolidated net income of $16.49 million for 2024 with total assets reaching $908.7 million and net loans at $611.4 million by third quarter 2025; and earned recognition as the fifth top-performing U.S. community bank under $2 billion in assets for 2024 by Capital Performance Group and American Banker, along with 18th place among top agricultural lenders in its asset class by the Independent Community Bankers Association.