Mutual Difference

Southern Oregon's Mutual Bank

The Bank that's Different

In 1934, a small group of community-minded individuals met to address the banking needs in Grants Pass. The country was emerging from the great economic depression. People needed a bank where they could keep their money safe; they wanted lenders they could trust. Incorporating and obtaining a Mutual charter on February 13, 1934, the original board of directors held their first meeting. By June they had determined their lending policies and began providing financing for home loans. At that time, Evergreen served customers from a shared office space located on the second floor of a building in downtown Grants Pass.

Today, Evergreen continues to grow stronger than ever with our signature Main Office Headquarters located along the Rogue River in Grants Pass. In addition, Evergreen has five other branches located in North Grants Pass, Medford, Rogue River, Brookings, and our new solar-powered branch in Ashland. Evergreen remains committed to our Mutual charter which is designed to serve you locally and reinvest in projects that benefit Southern Oregon. Projects like Evergreen Federal Sports Complexes, the expansion of Asante Three Rivers Hospital and Spears Cancer Center, and hosting events that have raised over $2,000,000 for local mental health organizations are examples of Evergreen's Mutual commitment to our community.  

From our modest beginnings to the strength we hold today, Evergreen has remained a dependable financial resource for Southern Oregon throughout the economic cycles of the last 90 years. With conservative business practices and progressive leadership, Evergreen has established itself as a viable, homegrown financial institution that has not lost sight of its mission.

Evergreen Federal Bank has announced the appointment of Boyd Elkins as the new CEO and President, succeeding Jeff Hyde who has been with the bank for 47 years. The planned transition was formalized at the board meeting held on October 16th, with Jeff expressing his confidence in Boyd and his commitment to remaining on staff to support the transition. With extensive experience including serving as executive vice president and chief financial officer, Boyd is well-prepared to take on the role of bank president. "I look forward to continuing Evergreen's mutual mission," says Boyd. "I remain committed to serving customers locally, engaging with our community, and making a positive difference where our customers live."

Boyd Elkins has over thirty-five years of mutual banking experience and has served as the executive vice president and chief financial officer of Evergreen Federal Bank. He is a CPA and CGMA, with MAI and SRA real estate appraisal designations. Boyd graduated from Southern Oregon University in 1987, earning a Bachelor of Science in Accounting and a Bachelor of Science in Computer Science.

Boyd is dedicated to serving his community and actively supports nonprofit organizations through board service and hands-on volunteer activities. He is a past president of his local Rotary Club and served as board chairman for the Gospel Rescue Mission Foundation and treasurer for the formation of the Grants Pass Sobering Center.

Boyd and his wife are pleased to have raised their two sons in Southern Oregon. As a family they enjoy outdoor activities, sports and adventure. Serving as volunteers in their church, it is their desire to support kids and families that share the community they call home.