SOURCE: Capital Pacific Bancorp

March 09, 2010 16:10 ET

BEST Business Center Awards 'Portland Climate Champion' Honors to Capital Pacific Bank

PORTLAND, OR--(Marketwire - March 9, 2010) -  Some businesses go above and beyond with recycling, and others go even further to reduce their carbon emissions. Capital Pacific Bank (OTCBB: CPBO) recently earned the BEST Business Center's "Portland Climate Champion" recognition. To earn this honor, Capital Pacific Bank staff completed the Portland Climate Champions application and demonstrated their carbon reduction efforts during an onsite verification visit with the BEST Business Center's sustainability advisors.

"A few years ago, a group of employees formed their own 'green team' to organize the bank's efforts to reduce the impact our operations have on the environment," said Mark Stevenson, President and CEO of Capital Pacific Bank. "I am extremely proud of the proactive nature of our employees in this regard. Being formally recognized as a Portland Climate Champion is a bonus." 

To achieve Portland Climate Champion status, Capital Pacific Bank improved the energy efficiency of their business operations, provided alternative transportation incentives for employees, and implemented a robust waste reduction and recycling program. They also recently installed low-flow water fixtures and purchased renewable energy through Bonneville Environmental Foundation. Capital Pacific Bank is the first financial services firm to receive the Portland Climate Champion recognition.

"Congratulations to Capital Pacific Bank on becoming a Portland Climate Champion," said Mayor Sam Adams. "We commend Capital Pacific Bank's leadership and initiative, which shows that every company in any industry can be part of Portland's efforts towards dramatically reducing carbon emissions."

Portland's BEST Business Center streamlines access to financial incentives and technical assistance for greening business operations. These services are tailored to help each business conserve resources, improve efficiency, save money and provide a healthy and quality workspace for employees. The BEST Business Center created Portland Climate Champions to recognize businesses in Portland that have taken comprehensive, concrete actions to reduce their carbon emissions. The Climate Champion designation is valid for two years.

About Capital Pacific Bank
Capital Pacific Bancorp (OTCBB: CPBO) is the parent company of Capital Pacific Bank, which serves businesses, professionals and nonprofit organizations with comprehensive business banking expertise and an elite level of service. Headquartered in the Fox Tower in downtown Portland, the bank's full array of products and services are delivered through a strategic combination of highly experienced client service officers and the innovative application of technology. For more information on Capital Pacific Bancorp, past press releases or letters to shareholders, please visit www.capitalpacificbank.com.

About the BEST Business Center
The BEST Business Center provides free tools and advice to help businesses in Portland, Oregon become more profitable and sustainable. It is a partnership of city and regional government programs and energy utilities, including the City of Portland Bureau of Planning and Sustainability, City of Portland Water Bureau, Metro, Pacific Power, Portland Development Commission and Portland General Electric. www.bestbusinesscenter.org 

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