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Columbia Basin Trust received a $295 million endowment by the Province. $250 million is committed to finance power project construction. As directed by Basin residents, $45 million is being reinvested for the benefit of Basin residents through short-term cash investments, business loans, real estate ownership, and venture capital projects.
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The company was first organized in 1925 in Newport, Oregon, under the name of Bank of Newport.In 1995, Bank of Newport merged with Commercial Bank of Salem, Oregon.In 1999, after acquisitions of the Bank of Vancouver (of Vancouver, Washington), and Centennial Bank of Olympia, Washington, the new entity changed its name to West Coast Bank.
Columbia Power Corporation is a Crown Corporation, owned by the province of British Columbia, Canada. Its mandate is to undertake hydro-electricity projects in the Columbia River region of British Columbia. In so doing, it is required to work with its sister crown corporation the Columbia Basin Trust. Its assets include:
Marine Midland was founded as Marine Bank, a state-chartered bank, on July 10, 1850, with capital of $170,000. It was founded by eight men from across New York—General James S. Wadsworth of Geneseo, J. P. Beekman of Kinderhook, New York, John Arnot of Elmira, John Magee and Constant Cook of Bath, William R. Gwinn of Medina, and George Palmer and James M. Ganson of Buffalo.
Dec. 5—CASHMERE — The Columbia Basin Project is making gradual progress toward completion with significant accomplishments for the Odessa Groundwater Replacement Program and other milestones ...
Averaging a major dam every 72 miles (116 km), the rivers in the Columbia watershed combine to generate over 36,000 megawatts of power, with the majority coming on the main stem. Grand Coulee Dam is the largest producer of hydroelectric power in the United States, [1] generating 6,809 megawatts, over one-sixth of all power in the basin.