Columbia Bank

#2309

Rank

$7.82B

Marketcap

United States

Country

Leadership team

Mr. Clint E. Stein (Pres, CEO & Director)

Mr. Aaron James Deer (Exec. VP & CFO)

Mr. Christopher M. Merrywell (COO & Exec. VP)

Products/ Services

Banking, Commercial, Finance, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Tacoma, Washington, United States

Established

1988

Company Registration

SEC CIK number: 0000887343

Net Income

100M - 500M

Revenue

500M - 1B

Traded as

COLB

Social Media

URL

https://www.columbiabank.com

Overview

Location

Recognition and Award

References

Summary

Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in the United States. It offers personal banking products and services, including noninterest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans; debit and credit cards; and digital banking services. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural, asset-based, builder, and other commercial real estate loans, as well as loans guaranteed by the small business administration; and professional banking, treasury management, merchant card, and international banking services. In addition, it offers wealth management solutions that include financial planning services, such as asset allocation, net worth analysis, estate planning and preservation, education funding, and wealth transfer; long-term care, and life and disability insurance solutions; individual retirement solutions comprising retirement planning, retirement income strategies, and traditional and Roth individual retirement accounts; and business solutions, which comprise business retirement plans, key person insurance, business succession planning, and deferred compensation plans to individuals, families, and professional businesses. Further, the company provides fiduciary, investment, and administrative trust services, such as personal and special needs trusts, estate settlement, and investment agency and charitable management. It operates a network of 153 branch locations, including 68 in the state of Washington, 59 in Oregon, 15 in Idaho, and 11 in California. The company was founded in 1993 and is headquartered in Tacoma, Washington.

History

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 , and Centennial Bank of Olympia, Washington, the new entity changed its name to West Coast Bank.In October 2009, the company raised $155 million in additional capital, but also received a warning about its lending practices from federal and state regulators. Columbia Bank System of Tacoma, Washington, and West Coast announced on September 26, 2012, that Columbia would purchase West Coast in a cash-and-stock deal worth $506 million. It had traded on the NASDAQ as WCBO.

Mission

To offer flexible and rewarding banking options to local small business owners.

Vision

We know your business and we want you to succeed

Key Team

Mr. Eric J. Eid (Exec. VP and Chief Digital & Technology Officer)

Jason Hester (Sr. VP and Chief Innovation & Information Officer)

Mr. Andrew L. McDonald (Exec. VP & Chief Credit Officer)

Amy L. N. Betts (Head of Investor Relations)

Mr. Brock M. Lakely (Sr. VP & Chief Accounting Officer)

Ms. Kumi Yamamoto Baruffi (Exec. VP, Gen. Counsel & Corp. Sec.)

Mr. David Moore Devine (Exec. VP and Chief Marketing & Experience Officer)

Recognition and Awards

Columbia Bank has been consistently recognized for our commitment to providing excellent banking services. Recent honors include being ranked #2 in company culture, top small business lender in Washington and Oregon, and highest 5-star rating from BauerFinancial.