Aug 26 - Northwest-based Pacific Continental Corp. (Nasdaq: PCBK), the holding company for Pacific Continental Bank, Eugene, Ore., has announced that Pacific Continental Bank, along with Holcomb Family Limited Partnership, Fred "Jack" W. Holcomb, Holcomb Family Trust, Jones & Roth, P.C. and Umpqua Bank, Roseburg, Ore., has been named as a defendant in a lawsuit filed in Oregon on behalf of individuals who placed money with Berjac of Oregon and Berjac of Portland, both currently in Chapter 11 bankruptcy. Per the complaint, damages sought are more than $10 million.
"Although we can't discuss this matter in detail due to its legal nature, be assured we take this matter very seriously. While we intend to vigorously defend against this lawsuit, we remain unwavering in our 40-year plus commitment to our clients, employees, shareholders and community partners," said Pacific Continental CEO Hal Brown.