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Rainbow Valley Design and Construction keeps hammers swinging

Rainbow Valley Design and Construction is all about making people’s dreams come true. As a residential design-build company, Rainbow Valley specializes in remodels and custom home construction. With a full year of projects ahead, the business was taken aback when COVID-19 hit in March.

“We typically employ about 45 people,” says Rainbow Valley General Manager Chip Radebaugh. “We have designers, project managers, office support people and a lot of crew carpenters out in the field.”

The Eugene company’s greatest concern was supporting its staff in the midst of the crisis. “When the PPP loans became available, we definitely jumped on that opportunity because we saw it as a way that we could keep funds funneling to our employees during this pandemic,” Chip says.

The team at Oregon Pacific Bank was ready to help. In this video, you’ll learn how important it was for Rainbow Valley to secure funds to pay employees during a temporary lull in business after Oregon’s statewide stay-at-home order went into effect.

“When coronavirus hit, we started seeing a lot of clients having difficulties or at least forecasting potential difficulties,” says Joe Carmichael at Oregon Pacific Bank. “Coronavirus, I think, has put a huge emphasis on knowing who your banker is—I also think it put an emphasis on bankers knowing their clients. A community bank is only successful when the businesses are successful, so we have been very proactive in figuring out how COVID-19 is impacting our clients.”

Securing the PPP loan meant that Rainbow Valley could bring its crew back right away, make payroll and even offer temporary bonuses during the crisis.

“The loan application process with Oregon Pacific was really streamlined,” Chip says. Banking with OPB has been a dream. It’s like no other banking relationship that I know of.”

In all, Oregon Pacific Bank has loaned more than $125.2 million to 752 businesses and nonprofits in Lane, Coos, Douglas and Jackson counties, as part of the U.S. Paycheck Protection Program, retaining more than 15,000 local jobs. Part of the CARES Act, these forgivable loans provide a direct incentive for businesses and nonprofits to keep workers employed during the crisis.

Rainbow Valley Design and Construction is all about making people’s dreams come true. As a residential design-build company, Rainbow Valley specializes in remodels and custom home construction. With a full year of projects ahead, the business was taken aback when COVID-19 hit in March.

“We typically employ about 45 people,” says Rainbow Valley General Manager Chip Radebaugh. “We have designers, project managers, office support people and a lot of crew carpenters out in the field.”

The Eugene company’s greatest concern was supporting its staff in the midst of the crisis. “When the PPP loans became available, we definitely jumped on that opportunity because we saw it as a way that we could keep funds funneling to our employees during this pandemic,” Chip says.

The team at Oregon Pacific Bank was ready to help. In this video, you’ll learn how important it was for Rainbow Valley to secure funds to pay employees during a temporary lull in business after Oregon’s statewide stay-at-home order went into effect.

“When coronavirus hit, we started seeing a lot of clients having difficulties or at least forecasting potential difficulties,” says Joe Carmichael at Oregon Pacific Bank. “Coronavirus, I think, has put a huge emphasis on knowing who your banker is—I also think it put an emphasis on bankers knowing their clients. A community bank is only successful when the businesses are successful, so we have been very proactive in figuring out how COVID-19 is impacting our clients.”

Securing the PPP loan meant that Rainbow Valley could bring its crew back right away, make payroll and even offer temporary bonuses during the crisis.

“The loan application process with Oregon Pacific was really streamlined,” Chip says. Banking with OPB has been a dream. It’s like no other banking relationship that I know of.”

In all, Oregon Pacific Bank has loaned more than $125.2 million to 752 businesses and nonprofits in Lane, Coos, Douglas and Jackson counties, as part of the U.S. Paycheck Protection Program, retaining more than 15,000 local jobs. Part of the CARES Act, these forgivable loans provide a direct incentive for businesses and nonprofits to keep workers employed during the crisis.

Banker Spotlight

Joe Carmichael

Joe Carmichael

VP, Commercial Relationship Manager
Eugene Branch
541-636-4804


“OPB empowers all of us to make decisions that make sense. It’s a more common-sense approach to banking.”


Joe Carmichael’s family has called Eugene home since his ancestors settled here, having traveled the Applegate Trail. Over the years, his relatives have served as longtime business and civic leaders in the community.
“We’ve been here a real long time,” Joe says. “Eugene’s been the spot for us.”

A Vice President and Commercial Relationship Manger at Oregon Pacific Bank in Eugene, Joe is glad to carry on his family’s tradition of being actively involved in the community. In June 2021, he was named president of the board of directors for the Eugene Family YMCA. He’s passionate about the organization and what it has meant to his family and the community over the years.

Joe’s grandmother, Ingrid Carmichael, became involved at the YMCA after she was diagnosed with a serious heart condition when she was in her 50s. She was told to begin an exercise program, so she joined the Y and kept going faithfully. The people she met there became part of the extended family. She lived nearly another 50 years until she passed in 2009.

“I credit the Y for giving us extra time with her,” Joe says. “For her, it wasn’t like a gym. It was a way of life.”

Ingrid also served on the Y’s board of directors for 10 years, and Joe feels honored to follow in her footsteps. Like his grandmother, Joe has led an active lifestyle. He grew up running on Pre’s Trail and played baseball and golf. Hs newfound passion of late is hiking.

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