Provider of cloud-based payroll and human capital management solutions joins forces with local bank to deliver secure paycheck services to small- to medium-sized Pacific Northwest businesses
Seattle, Wash., October 3, 2016 – PayNorthwest LLC, a provider of cloud-based payroll and human capital management solutions (HCM), announced today that it has partnered with Eugene-Ore.-based Pacific Continental Bank to provide Pacific Northwest small- to medium-sized businesses with best-in-class banking and payroll services. As part of its payroll service offering, PayNorthwest provides clients protection against common check fraud, as well as escheatment and reconciliation relief for traditional paper pay checks. By banking this piece of their business with Pacific Continental Bank, PayNorthwest gains a partner with best-in-class, responsive treasury services. This new banking relationship extends and deepens Pacific Continental Bank and PayNorthwest’s already existing relationship designed to introduce bank business clients to PayNorthwest’s reliable and market-leading payroll services and HCM technology.
“PayNorthwest has been a long-standing partner of ours for many years. This new banking relationship with PayNorthwest comes on the heels of our recent acquisition of Foundation Bank that strengthens our presence in the Puget Sound market,” explains Nick Anderson, senior vice president and relationship banking manager at Pacific Continental Bank. “This agreement builds on our vision to secure a better future for local businesses and on PayNorthwest’s vision to be the trusted payroll and HCM partner for businesses throughout the Northwest.”
“We have a lot in common with Pacific Continental Bank – a vision for a vibrant, healthy, and supported business climate in the Pacific Northwest, customers with a similar profile, and a mutual commitment to providing best-in-class services to our local and regional businesses and not-for-profits,” adds Michael Anderson, president, founder, and CEO of PayNorthwest. “This agreement enables PayNorthwest to better serve its clients by reducing risks related to check fraud and adds additional assurance that payroll funds end up only in the hands of the people they are intended for – our clients’ hard-working employees.”
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About PayNorthwest LLC
Founded in 2008, PayNorthwest LLC is a payroll and human capital management software and services firm headquartered in Seattle, Wash. It helps small to mid-sized businesses in a variety of industries as well as non-profits across the United States more effectively manage their workforce and streamline their business with single-source, cloud-based human resource information system (HRIS), time and attendance, and payroll solutions. In 2016, PayNorthwest ranked #1627 in Inc. 5000’s fastest-growing private companies in the U.S. and one of Puget Sound Business Journal ‘s 100 Fastest-Growing Companies in Washington state. For more information, please visit us online at www.paynorthwest.com, read our blog, or connect with us via LinkedIn, Twitter, or YouTube.
About Pacific Continental Bank
Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through 15 banking offices in Oregon and Washington. The bank also operates loan production offices in Tacoma, Wash. and Denver, Colo. With $2.4 billion in total assets, Pacific Continental has established one of the most unique and attractive metropolitan branch networks in the Pacific Northwest with offices in three of the region’s largest markets, including Seattle, Portland, and Eugene. Pacific Continental targets the banking needs of community based businesses, healthcare professionals, professional service providers, and nonprofit organizations. Since its inception in 1972, Pacific Continental Bank has been honored with numerous awards and recognitions from highly regarded third-party organizations, including The Seattle Times, The Portland Business Journal, Seattle Business magazine, and Oregon Business magazine. Pacific Continental Corporation’s shares are listed on the Nasdaq Global Select Market under the symbol “PCBK” and are a component of the Russell 2000 Index. For more information, please visit us online at www.therightbank.com.
