Financial Counsel to Governments, Non-Profits & Public Private Ventures

PMB 172-V
333 So. State Street
Lake Oswego, OR 97212

fax: 503-288-3972

Chip Pierce

Mr. Lawrence (Chip) Pierce joined Western Financial Group, LLC at its inception.  Some of his current municipal clients include: New Mexico Finance Authority; Greater Arizona Development Authority; Oregon Economic and Community Development Department; Alaska Municipal Bond Bank; Oregon Department of Transportation; and the Idaho Bond Bank.
Mr. Pierce has been a financial advisor since 1986.  Mr. Pierce serves as advisor to five western state bond banks.  By combining strong municipal credits with smaller weaker municipal credits, bond banks are able to provide loans for infrastructure projects to municipalities at rates that many of those communities would not be able to achieve on their own.

Mr. Pierce is advisor to the New Mexico Finance Authority, and has been since its creation in 1992.  The NMFA’s infrastructure program is a bond bank that leverages a pledge of a state tax source without a back-up pledge of the state’s general credit.  He has advised the NMFA on the issuance of more than $1.1 billion of debt.

The Oregon Bond Bank's first bond issue occurred in February 1991.  The Bond Bank has issued approximately $270 million in 25 separate series of bonds in its fifteen years of operation, providing financing to more than 100 Oregon municipalities.

Hired in 1998, Mr. Pierce assisted the Greater Arizona Development Authority to establish a program structure for that state’s pooled infrastructure loan program.  To date, he has advised GADA in the issuance of over $300 million of bonds, the proceeds of which have been loaned to thirty Arizona communities.

As advisor to the Alaska Bond Bank since 1998, Mr. Pierce has assisted several communities in financing infrastructure improvements ranging from school facility enhancements to hospitals to local economic initiatives.  To date, he has advised AMBBA on approximately $558 million in bond sales.

In addition, Mr. Pierce was hired in 2002 to assist the creation and implementation of the newly-created Idaho Bond Bank.  To date, the Idaho Bond Bank has issued approximately $38.3 million.

Prior to joining Western Financial Group, Mr. Pierce worked at Public Financial Management, a national financial advisory firm.  Mr. Pierce also worked for two years at the Government Finance Officers Association's (GFOA) Government Finance Research Center in Washington, D.C., where he was a project manager.  He graduated Phi Beta Kappa with a B.A. in American Political History from the Colorado College.  Mr. Pierce holds a Master's Degree in Public Policy and Management from the Wharton School at the University of Pennsylvania. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PMB 172-V
333 So. State Street
Lake Oswego, OR 97212

fax: 503-288-3972