Pacific Continental declares quarterly dividend
Eugene-based Pacific Continental Corp., the holding company for Pacific Continental Bank, has announced a $0.10 quarterly cash dividend, payable to its shareholders of record on March 13, 2009. The share dividend is unchanged from the company's 2008 declared dividends.
It is the twenty-sixth year in a row the company has paid cash dividends.
Vancouver seeks Design Review applicants
The city of Vancouver is looking to fill a mid-term vacancy on the Design Review Committee. The seat, one of nine on the volunteer group, expires in 2012.
The committee is appointed by the City Council to review plans for building and remodeling in Downtown Vancouver. Experience in design-related fields is preferred. More information is available at the city of Vancouver website, www.cityofvancouver.us/boards
Report: Recession will last a year and a half
The recession is forecast to last a year and a half, but show signs of recovery next year, according to a new report by the state Economic and Revenue Forecast Council.
The report projects a worsening national unemployment rate that could peak next year at 9 percent before beginning to improve.
The slowdown in the state economy speeded up in the past four months, led by a slowdown in construction and the home building industries. The number of housing units authorized by building permits in Washington has fallen to the lowest levels since the early 1980s, according to the report.
Statewide, the report projects nearly a 27 percent drop in housing permits issued this month compared to the same time last year, and an 11 percent drop in construction employment this month compared to last March.
The full report is available at www.erfc.wa.gov.
