People’s Bank of Commerce Announces Effective Date for Merger and Election Statement Deadline Date

People’s Bank of Commerce (OTCBB: PBCO) (“PBCO” or the “Company”), and Willamette Community Bank (OTCBB: WMCB), announced today that all Shareholder and Regulatory approvals for the Merger have
been received and that the Effective Date for the Merger will be March 1, 2021.

WMCB Shareholders must complete and sign their Election Statements and they must be received by no later than 5:00p.m.,