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Mortgage lender sets up shop at local bank

Paul Drinkwater recently joined the staff at Gresham’s Riverview Community Bank, providing on-site mortgage services to customers. Drinkwater

Drinkwater has been in the mortgage industry for 10 years. He specializes in refinances, low down payment purchases, Jumbo and government loans and credit repair.

Prior to establishing a full-time office at the Gresham branch, Drinkwater worked with customers part-time in Gresham and also at the bank’s Wood Village branch.

Riverview Community Bank is located at 225 E. Burnside Road. Drinkwater can be reached at 503-912-5402.

MBank announces $2.2 million capital boost

Merchants Bancorp, holding company for the Gresham-based MBank, recently completed a sale of preferred stock that yielded a $2.2 million increase in capital for the bank.

Funds will be used to pay interest on debt and bring the bank nearer to the 10 percent capital requirement of federal regulators.

Through an earnings turnaround, MBank returned to profitability in 2013, posting a profit every quarter since the first quarter of the year.

For more information, call 503-618-8688.

Whos your favorite young business pro?

The Outlook is interested in doing monthly stories on the best of the best young managers and staff members of businesses in East Multnomah County.

If you own, operate or are a customer of a business in Gresham, Troutdale, Fairview, Wood Village, Corbett, Boring or Damascus, and know of an exceptional employee under the age of 35 who you think warrants some recognition, please let us know by contacting Business Reporter Anne Endicott at This email address is being protected from spambots. You need JavaScript enabled to view it. .

These should be people who are at the top of their game. We’ll need a short description of why you think this employee deserves the recognition. We feature these people in our “Who to Watch” segment that appears on our business page.

Chamber Calendar

Connect with Success AM meeting, 7-9 a.m. Friday, May 30, Gresham Family Chiropractic, 300 E. Powell Blvd., Gresham. Ribbon cutting to follow at approximately 9:15 a.m., Wilkutz Wellness and Heal Thy Self Today, 515 N.E. Roberts Ave., Gresham.

Connect with Success AM meeting, 7-9 a.m. Friday, June 6, hosted by Adult Learning Systems of Oregon (ALSO) at Skyland Pub, 3175 S. Troutdale Road, Troutdale.

Government Affairs Committee, noon to 1:30 p.m. Tuesday, June 3, Riverview Community Bank, 225 E. Burnside Road, Gresham.

Try Local Tuesday, 4:30-6 p.m. June 3, Black Cat Cantina, 18901 E. Burnside Road, Gresham. The public is invited to join chamber members at this month’s highlighted local business.



Local Weather

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Gresham

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Humidity: 17%

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  • 15 Sep 2014

    Mostly Clear 92°F 58°F

  • 16 Sep 2014

    Partly Cloudy 81°F 59°F