TACOMA, Wash., Aug. 6, 2026 /PRNewswire/ -- Columbia Bank (Columbia), a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced the opening of its first commercial office and retail branch in Colorado Springs. The new location expands Columbia's Colorado footprint and strengthens its ability to serve businesses, consumers and nonprofit organizations throughout Southern Colorado.
Columbia has been operating in Colorado Springs since 2023 with the addition of Southern Colorado Market Director Alex Sullivan. Under Sullivan's leadership, the bank has established a strong deposit base on the strength of its full suite of services, including treasury management, commercial card services, debt capital markets, foreign exchange banking, and C&I and commercial real estate lending.
According to Tory Nixon, President of Columbia, the addition of dedicated commercial and retail space reflects Columbia's long-term commitment to Colorado Springs and its continued growth.
"Columbia Bank has seen tremendous momentum in Colorado Springs even without a physical location, which speaks to the strength of this market and the relationships we've built here," said Nixon. "Opening a commercial office and full-service retail branch allows us to deepen our commitment to local businesses and better serve the community. Our focus on local decision-making and long-term relationships continues to resonate with business owners and operators across the region."
Expanding Colorado Footprint
Columbia Bank entered the Colorado market in 2022 under the leadership of Mountain West Regional Director Shawn Thompson. In 2025, the bank opened its first Colorado retail branch and now has four offices between its Denver and Colorado Springs commercial and retail banking spaces. Columbia Private Trust, a division of Columbia Bank with $19 billion in assets under custody, is also based in Denver.
The Colorado Springs Commercial Banking Center will be led by Sullivan, who previously held several positions at UMB Bank and played a prominent role in the City of Champions economic development initiative that brought five distinct sports and entertainment venues to Colorado Springs.
"Since entering Colorado, Columbia has built a strong local team that offers businesses a personalized banking experience backed by our broad capabilities," said Thompson. "Alex was our first leader in Colorado Springs, and his success building our commercial banking presence over the past two years helped make this branch opening possible."
Downtown Trolley District Location
Located in the downtown Trolley District, Columbia's first Colorado Springs location combines commercial and retail banking services in a 5,500-square-foot facility. The local team and bank leaders welcomed community members to a grand opening celebration on July 15.
The branch is located at 517 S. Cascade Ave, Unit A and will be open from 9 a.m. to 5 p.m., Monday through Friday.
Learn more about Columbia Bank's growing Colorado presence at www.columbiabank.com/locations/colorado.
About Columbia Bank
Columbia Bank is an award-winning preeminent regional bank with offices in Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and Washington. It combines the resources, sophistication, and expertise of a national bank with a commitment to deliver superior, personalized service. The bank supports consumers and businesses through a full suite of services, including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing. Columbia Bank customers also have access to comprehensive investment and wealth management expertise as well as healthcare and private banking through Columbia Wealth Management. Columbia Bank is the principal subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB). Learn more at columbiabank.com and columbiabankingsystem.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/columbia-bank-continues-colorado-expansion-with-first-commercial-office-and-retail-branch-in-colorado-springs-302845282.html
SOURCE Columbia Bank
FAQ
What did Columbia Bank (NASDAQ: COLB) announce about its Colorado Springs expansion in August 2026?
Columbia Bank announced the opening of its first combined commercial office and full-service retail branch in Colorado Springs. According to Columbia Bank, this new location expands its Colorado footprint and supports businesses, consumers, and nonprofits across Southern Colorado with a broad range of banking services.
Where is Columbia Bank’s new Colorado Springs branch located and what are its hours?
The new Columbia Bank Colorado Springs branch is located at 517 S. Cascade Ave, Unit A, in the downtown Trolley District. According to Columbia Bank, the 5,500-square-foot facility is open Monday through Friday from 9 a.m. to 5 p.m. for customers.
Who leads Columbia Bank’s Colorado Springs commercial banking center and what is his background?
The Colorado Springs Commercial Banking Center is led by Southern Colorado Market Director Alex Sullivan. According to Columbia Bank, Sullivan previously held several roles at UMB Bank and contributed to the City of Champions economic development initiative that brought multiple sports and entertainment venues to Colorado Springs.
How many Colorado offices does Columbia Bank operate after opening the Colorado Springs branch?
After opening the Colorado Springs commercial office and retail branch, Columbia Bank operates four offices in Colorado. According to Columbia Bank, these offices are split between Denver and Colorado Springs, covering both commercial and retail banking, alongside Columbia Private Trust based in Denver.
What services does Columbia Bank offer to businesses in Colorado Springs with the new branch?
The new Colorado Springs branch offers treasury management, commercial card services, debt capital markets, foreign exchange, and C&I and commercial real estate lending. According to Columbia Bank, these services support personalized banking for businesses, consumers, and nonprofit organizations throughout Southern Colorado.
When did Columbia Bank enter the Colorado market and how has its presence grown?
Columbia Bank entered the Colorado market in 2022 under Mountain West Regional Director Shawn Thompson. According to Columbia Bank, it opened its first Colorado retail branch in 2025 and now operates four offices, including the new Colorado Springs commercial and retail location and Columbia Private Trust in Denver.
