NASDAQ, COLB - Columbia Banking Sys
Columbia Banking System, Inc. (referred to in this report as ?we,? ?our,? and
?the Company?) is a registered bank holding company whose wholly owned banking
subsidiaries, Columbia State Bank (?Columbia Bank?) and Bank of Astoria
(?Astoria?), conduct full-service commercial banking business in the states of
Washington and Oregon, respectively. Headquartered in Tacoma, Washington, we
provide a full range of banking services to small and medium-sized businesses,
professionals and other individuals.
The Company was originally organized in 1988 under the name First Federal
Corporation, which was later named Columbia Savings Bank. In 1990, an investor
group acquired a controlling interest in the Company and a second corporation,
Columbia National Bankshares, Inc. (?CNBI?), and CNBI?s sole banking subsidiary,
Columbia National Bank. In 1993, the Company was reorganized to take advantage
of commercial banking business opportunities in our principal market area. ...
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