Eugene biz roundup

Ninkasi and Bigfoot Beverages collaborate on an Olympic brew; Pacific Continental Bank to buy bank in Washington.

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Ninkasi and Bigfoot Beverages worked with TrackTown USA to bring the 2016 U.S. Olympic Track & Field Trials in Eugene its own Beer Run IPA.

“We wanted to brew a beer to celebrate the running community that is so integral to Ninkasi and Eugene,” Jamie Floyd, Ninkasi’s founding brewer and a runner, said in a statement.

Ninkasi and Bigfoot, its local distributor, are paying TrackTown USA for the right to display the “TrackTown USA Official Beer 2016” logo on the labels. The companies split the sponsorship, but Ninkasi spokeswoman Ali AAsum said she did not know how much the companies are paying.

(READ MORE: Register Guard)

Pacific Continental Bank’s holding company will acquire Foundation Bank in Bellevue, Washington, for $67 million.

Foundation Bank will be converted to a Pacific Continental branch, joining Pacific Continental branches in downtown Seattle and another one in Bellevue.

“The acquisition of Foundation should provide us with meaningful operational scale and momentum in the Seattle market, and we are excited to welcome Foundation’s employees and clients into our bank,” Roger Busse, Pacific Continental’s chief executive, said in a statement. “The Seattle metropolitan area is an important market for us with attractive economic and demographic trends. Foundation has built an attractive business banking franchise and we believe the combined company will be better positioned to take advantage of growth opportunities and generate stronger returns for shareholders.”

(READ MORE: Register Guard)

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