Where Banking Matters

What Portage Is All About

For over 120 years (founded in 1901), we have been proudly serving our local community. However, our community is changing and we are changing to remain relevant to the evolving needs of our clients. Over the past six months, we have rebranded the original State Bank of Ceylon into the new bank you see today Portage Bank. The rebrand was inspired by the challenges covid presented to in-person banking. While adapting to the new needs of a digital customer, we saw this as a golden opportunity to double down on ultimate convenience and accessibility for our customers through advanced online banking. Portage Bank now takes the form of an Internet Bank that still abides by our core values which include solidarity: taking a team approach to accomplish more together, and human dignity: recognizing the uniqueness of every individual. We were founded on personal service & customer care and we still live by those principles today.

Reputation

Integrity & Trust cannot be overstated.

Flexibility

Speed

We make quick and efficient decisions.

Convenience

Account access anytime, anywhere.

Security

Safety is a top priority

Our Bank Holding Company Directors

Chairman of the Board

Matthew Moran

Matthew Moran is the President and CEO responsible for all aspects of bank operations including credit, investments, deposits, and our most important asset – people.

Matthew Moran is the President and CEO responsible for all aspects of bank operations including credit, investments, deposits, and our most important asset – people. With more than 30 years of banking experience, Matthew joined State Bank of Ceylon as President and CEO in February 2019. As a community banker, he values relationships and the opportunity to personalize credit solutions for his customers. He previously served as Executive Vice President and Chief Credit Officer at Anchor Bancorp in Lacey, WA and prior to that with Sound Community Bank from May 2007 through October 2014. Before joining Sound Community Bank, Matthew was a Senior Examiner and Credit Specialist for one year with the Office of Thrift Supervision which has since been merged into the Office of the Comptroller of the Currency (OCC).

From 2004 to 2006, he was Vice President for Commercial Credit for Inland Northwest Bank. From 2001 to 2004, he was Vice President and Team Leader with Community Bancshares, a $350 million community bank in southeast Washington where he was responsible for all new credit development. In addition, Matthew was with First National Bank of Omaha as the Asset/Liability Manager for the consolidated entities under First National Nebraska, Inc., a $10 billion bank holding company. Prior to that, Matthew spent six years as a National Bank Examiner with the OCC where in addition to his Safety and Soundness responsibilities, he also served as a specialist in the Large Bank Capital Markets Examination Program.

Matthew is a graduate of Seattle University where he earned his Bachelors in Business Administration in Finance. In 2010 he graduated from the Pacific Coast Banking School, which is affiliated with the Foster Graduate School of Business at the University of Washington. A native of Ketchikan, Alaska, Matthew and his wife Anne are the parents of five children. He enjoys spending time with his family, fishing, traveling, cycling, and is an avid reader.

Secretary of the Board

Kevin Johnston

Kevin Johnston began his banking career in 2012 as a commercial loan officer with Sound Community Bank in Seattle.

Kevin Johnston began his banking career in 2012 as a commercial loan officer with Sound Community Bank in Seattle. He started knowing almost nothing about finance, developing a specialty in commercial construction and multifamily real estate within a few years. After moving on to Anchor Bank, Kevin was able to assist in the careful but substantial growth of the bank’s commercial portfolio, which allowed the sale of the bank in 2018.

Kevin is a member of the Washington State Bar Association. He is a graduate of Gonzaga School of Law and the University of Portland. He recently moved with his wife and three children from Issaquah, Washington to Coeur d'Alene, Idaho. When not at work, Kevin enjoys traveling, reading, music, and spending time with his family.
Kevin is a member of the Washington State Bar Association. He is a graduate of Gonzaga School of Law and the University of Portland. He lives with his wife and two children in Issaquah, Washington. When not at work, Kevin enjoys traveling, reading, music, and spending time with his family.

Director

Bob Cumming

Bob is an expert in construction, land development, and single-family real estate in the suburbs of Seattle

Robert "Bob" Cumming is the owner and operator of Acme Homes, LLC, a builder with sales of around 100 homes per year. His supplementary business, Acme Drywall, is one of the largest drywall companies in the state of Washington. Bob is an expert in construction, land development, and single-family real estate in the suburbs of Seattle. He has broad connections across the construction and its supplementary industries, from financing to suppliers and subcontractors to national builders to local government officials.

Bob is widely respected as an efficient builder of quality homes in King and Snohomish counties, with his wife Jennifer acting as the real estate agent on the sale of completed homes. Bob is a graduate of Central Washington University, in the area of construction management.

Director

Gellert Dornay

Gellert Dornay serves as Director for Ceylon Bancorporation, Inc., assisting the Management Team in strategic direction and governance.

Gellert Dornay serves as Director for Ceylon Bancorporation, Inc., assisting the Management Team in strategic direction and governance. Gellert starting roasting coffee for Java Trading Co. at the age of 19 and took on various roles as he helped grow the company over the following 15 years to a leader in specialty coffee across the US and parts of Europe and Asia.

He subsequently co-founded a mortgage bank, Axia Home Loans, and led the company for ten years in contributing to the rebuilding of the residential mortgage marketplace. Gellert has a strong affinity for principled entrepreneurship which led to the decision to turn Axia over to the employees through an Employee Stock Ownership Plan.

Gellert also serves on numerous profit and non-profit boards and is interested in promoting the dignity of every human person. He and his wife Elizabeth home school their 10 kids on Mercer Island, Washington.

Our Bank Directors

Chairman of the Board

Matthew Moran

Matthew Moran is the President and CEO responsible for all aspects of bank operations including credit, investments, deposits, and our most important asset – people.

Matthew Moran is the President and CEO responsible for all aspects of bank operations including credit, investments, deposits, and our most important asset – people. With more than 30 years of banking experience, Matthew joined State Bank of Ceylon as President and CEO in February 2019. As a community banker, he values relationships and the opportunity to personalize credit solutions for his customers. He previously served as Executive Vice President and Chief Credit Officer at Anchor Bancorp in Lacey, WA and prior to that with Sound Community Bank from May 2007 through October 2014. Before joining Sound Community Bank, Matthew was a Senior Examiner and Credit Specialist for one year with the Office of Thrift Supervision which has since been merged into the Office of the Comptroller of the Currency (OCC).

From 2004 to 2006, he was Vice President for Commercial Credit for Inland Northwest Bank. From 2001 to 2004, he was Vice President and Team Leader with Community Bancshares, a $350 million community bank in southeast Washington where he was responsible for all new credit development. In addition, Matthew was with First National Bank of Omaha as the Asset/Liability Manager for the consolidated entities under First National Nebraska, Inc., a $10 billion bank holding company. Prior to that, Matthew spent six years as a National Bank Examiner with the OCC where in addition to his Safety and Soundness responsibilities, he also served as a specialist in the Large Bank Capital Markets Examination Program.

Matthew is a graduate of Seattle University where he earned his Bachelors in Business Administration in Finance. In 2010 he graduated from the Pacific Coast Banking School, which is affiliated with the Foster Graduate School of Business at the University of Washington. A native of Ketchikan, Alaska, Matthew and his wife Anne are the parents of five children. He enjoys spending time with his family, fishing, traveling, cycling, and is an avid reader.

Secretary of the Board

Kevin Johnston

Kevin Johnston began his banking career in 2012 as a commercial loan officer with Sound Community Bank in Seattle.

Kevin Johnston began his banking career in 2012 as a commercial loan officer with Sound Community Bank in Seattle. He started knowing almost nothing about finance, developing a specialty in commercial construction and multifamily real estate within a few years. After moving on to Anchor Bank, Kevin was able to assist in the careful but substantial growth of the bank’s commercial portfolio, which allowed the sale of the bank in 2018.

Kevin is a member of the Washington State Bar Association. He is a graduate of Gonzaga School of Law and the University of Portland. He recently moved with his wife and three children from Issaquah, Washington to Coeur d'Alene, Idaho. When not at work, Kevin enjoys traveling, reading, music, and spending time with his family.
Kevin is a member of the Washington State Bar Association. He is a graduate of Gonzaga School of Law and the University of Portland. He lives with his wife and two children in Issaquah, Washington. When not at work, Kevin enjoys traveling, reading, music, and spending time with his family.

Director

Gregory Bents

Greg Bents is currently Senior Vice President and Senior Lender at Portage Bank.

Greg Bents is currently the Bank’s Senior Vice President and Senior Lender. Greg also serves on the Board of Directors for the Bank. He has lived in Ceylon the majority of his life and has been helping customers with his infectious smile at the bank since 1980. Greg's daughter Clarissa attends Minnesota State University, Mankato.
Director

Scott Herum

Scott owns a trucking company with a mix of owner/operators and his trucks with nationwide authority.

Scott has been a lifelong resident of Dolliver, Iowa. He studied finance at Buena Vista University and The University of Northern Iowa. In 1993 he began his career in agriculture. The farming operation now includes land in five counties in Iowa and Minnesota. Scott also owns a trucking company with a mix of owner/operators and his trucks with nationwide authority.

Scott has three children. His son Drew is involved in the farming and is an owner/operator in the trucking company. Emily is attending the University of Iowa double majoring in Biochemistry and Trumpet Performance. Ethan is in high school and works in the farming operation as often as possible.

Director

Bob Cumming

Bob is an expert in construction, land development, and single-family real estate in the suburbs of Seattle

Robert "Bob" Cumming is the owner and operator of Acme Homes, LLC, a builder with sales of around 100 homes per year. His supplementary business, Acme Drywall, is one of the largest drywall companies in the state of Washington. Bob is an expert in construction, land development, and single-family real estate in the suburbs of Seattle. He has broad connections across the construction and its supplementary industries, from financing to suppliers and subcontractors to national builders to local government officials.

Bob is widely respected as an efficient builder of quality homes in King and Snohomish counties, with his wife Jennifer acting as the real estate agent on the sale of completed homes. Bob is a graduate of Central Washington University, in the area of construction management.

Director

Chuck Champine

Chuck owned & operated CWR Satellites and Spas for over 30 years until he was offered a position as maintenance supervisor at Aero Race Wheels.

Chuck Champine has been a lifetime resident of the Ceylon and Dolliver area. He attended Dunwoody College and became an electrician. In 1977 he was given the opportunity to farm the family farm until it was sold in 2002.

He and his wife, Ann, owned and operated CWR Satellites and Spas for over 30 years until he was offered a position as maintenance supervisor at Aero Race Wheels, where he is currently employed. Chuck enjoys 4-wheeling, boating, and going to Clarinda to visit his daughter. His other daughter lives in Arizona.

Our Portage Bank Team

CEO, President

Matthew Moran

Matthew Moran is the President and CEO responsible for all aspects of bank operations including credit, investments, deposits, and our most important asset – people.

Matthew Moran is the President and CEO responsible for all aspects of bank operations including credit, investments, deposits, and our most important asset – people. With more than 30 years of banking experience, Matthew joined State Bank of Ceylon as President and CEO in February 2019. As a community banker, he values relationships and the opportunity to personalize credit solutions for his customers. He previously served as Executive Vice President and Chief Credit Officer at Anchor Bancorp in Lacey, WA and prior to that with Sound Community Bank from May 2007 through October 2014. Before joining Sound Community Bank, Matthew was a Senior Examiner and Credit Specialist for one year with the Office of Thrift Supervision which has since been merged into the Office of the Comptroller of the Currency (OCC).

From 2004 to 2006, he was Vice President for Commercial Credit for Inland Northwest Bank. From 2001 to 2004, he was Vice President and Team Leader with Community Bancshares, a $350 million community bank in southeast Washington where he was responsible for all new credit development. In addition, Matthew was with First National Bank of Omaha as the Asset/Liability Manager for the consolidated entities under First National Nebraska, Inc., a $10 billion bank holding company. Prior to that, Matthew spent six years as a National Bank Examiner with the OCC where in addition to his Safety and Soundness responsibilities, he also served as a specialist in the Large Bank Capital Markets Examination Program.

Matthew is a graduate of Seattle University where he earned his Bachelors in Business Administration in Finance. In 2010 he graduated from the Pacific Coast Banking School, which is affiliated with the Foster Graduate School of Business at the University of Washington. A native of Ketchikan, Alaska, Matthew and his wife Anne are the parents of five children. He enjoys spending time with his family, fishing, traveling, cycling, and is an avid reader.

COO, Executive Vice President

Kevin Johnston

Kevin Johnston began his banking career in 2012 as a commercial loan officer with Sound Community Bank in Seattle.

Kevin Johnston began his banking career in 2012 as a commercial loan officer with Sound Community Bank in Seattle. He started knowing almost nothing about finance, developing a specialty in commercial construction and multifamily real estate within a few years. After moving on to Anchor Bank, Kevin was able to assist in the careful but substantial growth of the bank’s commercial portfolio, which allowed the sale of the bank in 2018.

Kevin is a member of the Washington State Bar Association. He is a graduate of Gonzaga School of Law and the University of Portland. He recently moved with his wife and three children from Issaquah, Washington to Coeur d'Alene, Idaho. When not at work, Kevin enjoys traveling, reading, music, and spending time with his family.

CRO, Executive Vice President

Kristy Ybarra

A seasoned commercial banker with a career focus on credit administration & risk management, she brings over 29 years of experience to the Bank.

Kristy Ybarra started her banking career in 1987 while 15 years old as a part time teller at Marblehead Savings Bank in Marblehead, Massachusetts. A seasoned commercial banker with a career focus on credit administration & risk management, she brings over 29 years of experience to the Bank.

Kristy studied business management & accounting at Salem State College in Salem, Massachusetts.

Loan Officer, Senior Vice President

Gregory Bents

Greg Bents is currently Portage Bank’s Senior Vice President and Senior Lender.

Greg Bents is currently Portage Bank’s Vice President and Senior Lender. Greg also serves on the Board of Directors for the Bank. He has lived in Ceylon the majority of his life and has been helping customers with his infectious smile at the bank since 1980. Greg's daughter Clarissa attends Minnesota State University, Mankato.
Commercial Loan Officer, Senior Vice President

David Sharon

David Sharon is currently Portage Bank’s Senior Vice President of Commercial Lending

David Sharon is currently Portage Bank’s Senior Vice President of Commercial Lending. He has 27 years’ experience in lending to small- and mid- sized businesses. He has provided working capital lines of credit for operating companies, construction lending for both residential and commercial projects. David has experience lending on multifamily projects involving reconfiguring the properties for higher cash flow, having provided funds for special purpose commercial real estate, and equipment financing. He strives to find custom solutions for clients that meet the needs of those customers while conforming to most of the metrics the Bank requires to underwrite the loan.
Loan Officer, Senior Vice President

Kevin Jensen

In 2006, Kevin joined a boutique lender in Bellevue, WA and began to focus exclusively on residential lending.

Kevin Jensen began his banking career in 2004 in Washington Mutual’s PACE program. In 2006, Kevin joined a boutique lender in Bellevue, WA and began to focus exclusively on residential lending. Between 2010 and 2012, Kevin worked for JPMorgan Chase as a Sr. Residential Lender, and eventually a Chase Private Client Lender.

In 2012, Kevin started at Sound Community Bank in Seattle, WA where he learned portfolio and construction lending. It was also at this time when Kevin found a deep appreciation for community banking and how important these banks are to the health and growth of their communities. After a brief period at Opes Advisors, Kevin joined Anchor Bank in Lacey, WA as the Residential Lending Manager where he worked until the bank was sold in 2018.

Kevin graduated from the University of Wisconsin – LaCrosse with a degree in Business Administration – Management Information Systems. He and his wife are 20-year residents of the Pacific and Inland Northwest and have three children that keep them busy.

Loan Officer

Ted Naff

Ted started working for his parents’ mortgage business in 1994, beginning as a loan officer and in a few years was managing and growing the company.

Ted started working for his parents’ mortgage business in the Seattle area in 1994, shortly after graduating from college. He began as a loan officer and in a few years was managing and growing the company. In 2007 he started a new mortgage company, Axia Home Loans, with his friend, Gellert Dornay. In 2009 Ted retired from his position as President and returned to what he likes best, helping his clients find the best mortgage for their families.

Ted has a BA in Liberal Arts from St. John’s College in Annapolis, MD and has an MA in Theology from Holy Apostles College. During his free time he likes to help his wife Sarah and his 3 boys maintain the family homestead – which keeps them busy with lots of animals and gardens.

Loan Officer

Cameron Stromvig

Cameron recently joined the world of banking, after working for his family business in Portland, Oregon.

Cameron recently joined the world of banking, after working for his family business in Portland, Oregon. He graduated from University of Oregon in 2016, with a degree in Social Science. He has spent the last three years building his dad’s executive town car service company. From payroll, to employee management, and day-to-day operations, Cameron has experience wearing many hats.

Cameron got married to wife Hannah, and became a father to Adeline (1) this past year. The two dream of someday owning land, where they can spend weekends and summers outdoors. Outside of Cameron’s professional skills, he calls himself a ‘hot sauce connoisseur’.

Loan Officer

Jordan Low

Jordan recently relocated from Texas to Idaho in 2021 to help the Bank grow.

Jordan Low began his banking career in 2004 as a loan officer for Affinity Mortgage in Dallas, Texas. In 2008, he left to start a boutique car dealership with two fellow banking associates. Jordan served as Chief Operating Officer for Affluent Motors for 10 years until he left in 2018 to join his brother at his growing HOA Management Company. At Community Management Group, Jordan served as Senior Vice President of Operations and Business Development. The company grew 35% in two years and Jordan organized and facilitated the sale of CMG in 2020. Jordan moved with his family from Texas to Idaho in 2021 and he joined Portage Bank in 2022. Jordan and his wife have 8 boys and they enjoy spending family time engaged in edifying pursuits and outdoor activities. They also cherish quiet date nights at their favorite ristorante, Angelo’s.
Loan Officer, Loan Operations

Travis Lepsch

Travis entered the mortgage industry in 2017 after graduating from Arizona State University where he earned his degree in Interdisciplinary Studies with concentrations in Business & Organizational Leadership.

Travis was born and raised in Michigan until he married his wife in 2013 where they then moved to Idaho in 2014. He entered the mortgage industry in 2017 after graduating from Arizona State University where he earned his degree in Interdisciplinary Studies with concentrations in Business & Organizational Leadership. He began as a residential mortgage loan processor at a Washington state mortgage broker and then found success stepping into a loan officer role in the summer of 2021. He joined the bank in the summer of 2022 as a residential loan officer assistant and is looking forward to expanding upon his career and bringing his years of experience to help support and serve the Portage team and our valuable customers.
In Travis’s free time, he enjoys relaxing with his wife and two young boys in the outdoors, playing disc golf, and traveling. Exploring the PNW’s beautiful coast along Washington, Oregon, and California are some of their favorite summer and fall destinations.
Mortgage Operations Manager

Rachel Ulfers

Rachel started her banking career in an operations role at TCF Bank after graduating college with a degree in Marketing in 2017.

Rachel started her banking career in an operations role at TCF Bank after graduating college with a degree in Marketing in 2017. She developed an interest in mortgage lending and went to work at a local credit union as a home equity loan processor and underwriter. Rachel joined the bank as a mortgage processor in June of 2021 and now helps the entire residential team stay organized and up-to-date as the mortgage Operations Manager.

When she’s not at work, Rachel can be found watching baseball and playing with her yellow labs, Wrigley and Rookie. She also enjoys photography and hosting friends and family as a new first-time homeowner.

Loan Closer

Danyka Tagg

Danyka has been a loan closer for over 2 years now and loves helping customers sign for their home purchases or refinances.

Danyka grew up in Snohomish, WA and attended Western Washington University for business management. She is new to Idaho, and happy to be in such a beautiful state. She’s been a loan closer for over 2 years now and loves helping customers sign for their home purchases or refinances.

In her free time she enjoys traveling and spending time with her family.

Branch Manager & Operations Specialist

Doris Rosener

Doris has enjoyed working in the community of Ceylon at the bank for 36 years.

Doris Rosener has enjoyed working in the community of Ceylon at the bank for 36 years. Tony, her husband, taught school and coached several sports in Ceylon and the Fairmont Area District. Their son, Brad, lives in Port St. Lucie, FL. That makes a good excuse for them to do one of their favorite things…travel!
Operations Assistant

Rose Hovick

Rose grew up in Ceylon. She and her husband, Tom, have 2 children.

Rose grew up in Ceylon. She and her husband, Tom, have 2 children - Jordan lives in Mankato and Zachary lives in Blue Earth. Rose enjoys reading, scrapbooking, golfing, almost anything that involves being crafty and traveling
Assistant Cashier

Rita Beckendorf

Rita moved to Ceylon, MN in 1978 after marrying Tom Beckendorf.

Rita Beckendorf moved to Ceylon, MN in 1978 after marrying Tom Beckendorf. Her husband, Tom, is a plumber. They have two sons. Justin lives in Sioux Falls, SD and Nick lives in Rochester, MN. Rita has worked at the bank since 1998.
Junior Accountant

Katherine Johnson

Katherine graduated in 2021 from Waldorf University with a Bachelors in Business, majoring in Banking and Finance

Katherine graduated in 2021 from Waldorf University with a Bachelors in Business, majoring in Banking and Finance. She grew up in Estherville, IA, just 15 miles from Ceylon. She enjoys golfing, and spending time with family and friends.
Operations Assistant

Hannah Borchardt

Hannah is an operations assistant and online banking expert at the Bank.

Hannah and her husband live in Martin County. In her spare time she enjoys spending time with her five children and her grandchildren.
Audit Specialist

Cole Havlek

Cole is an audit specialist and compliance researcher for the Bank.

Cole Havlek started out helping at his parent's kitchenware store before entering the banking industry at Idaho Central Credit Union. Shortly thereafter, Cole joined the Portage team. He studied Economics at Gonzaga University in Spokane, where he conducted a research project and made the Fall 2021 Dean’s List.
Cole lives in the Spokane/Coeur d’Alene area and enjoys playing an active role in his community. His pastimes include woodworking, cooking, furniture restoration, and gardening, all of which are shared with his fiancée.

Hours & Location

Headquarters

880 108th Ave NE
Bellevue, WA. 98004

Business Hours:

M – F: 9:00am – 12pm
Sa, Su, Holidays: Closed

Contact Info

Phone: 507-632-4242
Fax: 507-632-4244

Branches

104 West Main Street
(PO Box 341)
Ceylon, MN. 56121

Business Hours:

M – F: 8:45am – 3pm
W: 8:45am – 5:30pm
Sa, Su, Holidays: Closed

Loan Production Office
(Non-Depository)

418 E Lakeside Ave. Suite #210
Coeur d’Alene, ID 83814

Business Hours:

Hours: M – F: 9am – 12pm
Sa, Su, Holidays: Closed