Local business

Fortune magazine has named three Oregon businesses, including Umpqua Bank in its "100 Best Companies to Work For" list.

The list, compiled by the San Francisco-based Great Place to Work Institute, ranked Umpqua Bank No. 13, up from No. 34 a year ago; Portland-based, David Evans & Associates No. 72; and Nike Inc. slipped from No. 69 to No. 82.

Fortune said Umpqua is a great place to work because "employees at this community bank (with 147 branches and its own coffee blend) get 40 hours of paid time each year to volunteer in the community."

Cascade Bancorp reported fourth quarter net income of $5.32 million, down 47.9 percent from $10.22 million in the same period during 2006.

The Bend-based bank with six Southern Oregon branches, reported quarterly per share earnings declined to 19 cents from 36 cents.

Quarterly net interest income, after loan loss provision, decreased 27.8 percent to $19.19 million from $26.57 million during the fourth quarter of 2006.

Non-interest income rose 8.4 percent to $5.12 million from $4.73 million year-over-year.

Fourth-quarter revenues of $31.81 million were down 3 percent from $32.80 million from the previous fourth quarter.

Jackson County Airport Authority reported 2007 freight activity dropped to its lowest level since 2003.

The 7.09 million pounds passing through the Medford airport gates were 11.5 percent below the 2006 total of 8.01 million pounds.

Without the large infusion of Harry and David holiday shipping, which shifted to ground transportation, December's cargo load fell 26 percent to 683,286 pounds.

Nonetheless, it was still the biggest month of the year for air freight at the Medford airport, topping the 638,186 pounds in May.

Inbound shipments to the Rogue Valley generally outweigh outbound packages, but in December 268,709 pounds went out versus 262,625 pounds loaded off. For all of 2007, for every 7 pounds arriving, 6 pounds were shipped out.

The Oregon Department of Consumer and Business Services will hold a free workshop for senior citizens from 9 to 10 a.m. Tuesday at the Smullin Health Education Center, 2825 E. Barnett Road in Medford.

Seniors are often targets for deceptive sales practices or scams because many of them have accumulated large sums of money from a lifetime of savings and asset appreciation.

The workshop covers ways of recognizing predatory marketing techniques used by insurance agents and security brokers; choosing insurance and financial products suitable for your needs; and avoiding scams.

The workshop is part of the department's SAFE program. For information, call toll-free 888-877-4894, Ext. 7275.

Compiled from staff reports

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