Welcome to our dedicated page for Columbia Bank news (Ticker: COLB), a resource for investors and traders seeking the latest updates and insights on Columbia Bank stock.
Columbia Banking System, Inc. (Nasdaq: COLB) delivers comprehensive financial services through its Umpqua Bank subsidiary across the Northwestern and Western United States. This news hub provides investors and stakeholders with essential updates on the regional banking leader’s strategic initiatives and market developments.
Access timely press releases covering earnings reports, merger integrations, technology investments, and community programs. Our curated collection helps track COLB’s performance in commercial lending, wealth management innovations, and regional expansion efforts.
Key updates include regulatory filings, leadership announcements, and service enhancements across personal banking, business solutions, and trust services. Bookmark this page to monitor Columbia Bank’s progress in maintaining cost efficiencies while expanding its footprint in high-growth Western markets.
Columbia Bank raised $315,025 during its sixth annual Warm Hearts Winter Drive, benefiting over 65 homeless shelters in the Northwest. Since 2015, the initiative has collected nearly $1.5 million in donations, including thousands of warm clothing items. The drive saw participation from customers, employees, and community members across Washington, Oregon, and Idaho. Columbia's CEO, Clint Stein, emphasized the program's significance, especially during the pandemic. The bank has consistently received high rankings for customer satisfaction and workplace quality.
Columbia Banking System (NASDAQ: COLB) announced the appointments of Laura Alvarez Schrag and Tracy Mack-Askew to its Board of Directors, effective January 1, 2021. Their expertise in organizational development and operations is expected to enhance Columbia's strategic direction. Alvarez Schrag, with a background in human resources and consulting, and Mack-Askew, who specializes in operations for Daimler Trucks North America, bring valuable leadership experience from various sectors. Columbia is recognized for its strong community ties and commitment to customer satisfaction in the Northwest.
Columbia Bank has appointed Clint Gillum as the new SVP, Retail Market Manager for the Inland Northwest, covering eastern Washington, eastern Oregon, and northern and southern Idaho. Gillum brings over 16 years of experience from Wells Fargo, where he held various leadership roles. He holds a background in business management and finance from the University of Washington and is actively engaged in his community. Columbia Bank, headquartered in Tacoma, Washington, has been recognized for its customer satisfaction and commitment to the community.
Columbia Bank has launched its innovative NeighborHub branch in Boise, Idaho, emphasizing community engagement and modern banking solutions. Opened on September 28, 2020, this facility aims to enhance customer experience with mobile technology and interactive kiosks, fostering a welcoming environment. Columbia Bank has also pledged $100,000 to support local businesses impacted by the COVID-19 pandemic through its Pass It On Project. The NeighborHub blends banking with community activities, showcasing Columbia's commitment to Boise's economic growth and quality of life.
Columbia Bank, based in Tacoma, Washington, launched its sixth annual Warm Hearts Winter Drive on November 16, 2020, aimed at supporting homeless individuals and families in the Northwest. The bank plans to raise $250,000 and collect warm winter clothing for over 65 local shelters in Washington, Oregon, and Idaho. Since its inception in 2015, the drive has raised over $1 million. Columbia's CEO, Clint Stein, emphasized the importance of this initiative amid pandemic-related economic stresses. Donations can be made at Columbia Bank branches or online.
Columbia Banking System reported a net income of $44.7 million for Q3 2020, with diluted earnings per share at $0.63. Deposits rose by $468.8 million (4%), while net loans decreased by $83 million. The bank declared a cash dividend of $0.28 per share, to be paid on November 25, 2020. The net interest margin declined to 3.47%, down 17 basis points from the previous quarter. Nonperforming assets decreased to 0.29% of total assets. A share repurchase program for up to 3.5 million shares was also announced.
Columbia Banking System (NASDAQ: COLB) will release its third quarter 2020 financial results before the market opens on October 29, 2020. A conference call to discuss these results is scheduled for 10:00 a.m. PT the same day. Interested parties can join via a live-streamed web event or by dialing in at 888-286-8956 (Conference ID: 2282428). A replay will be available starting October 30, 2020. Columbia, headquartered in Tacoma, Washington, operates as a full-service commercial bank with locations across Washington, Oregon, and Idaho.
Columbia Banking System (NASDAQ: COLB) reported a net interest income of $121.9 million for Q2 2020, reflecting a decline from the previous quarter. Total assets rose to $15.92 billion, with loans increasing to $9.77 billion, largely due to $962 million in Paycheck Protection Program (PPP) loans. The bank announced a cash dividend of $0.28 per share, payable August 19, 2020. Noninterest income increased to $37.3 million, driven by gains from the sale of Visa Class B shares. However, the provision for credit losses remained high at $33.5 million, primarily due to the ongoing economic impact of COVID-19.
Columbia Banking System, Inc. (NASDAQ: COLB) will release its second quarter 2020 financial results before the market opens on Thursday, July 23, 2020. A conference call to discuss these results is scheduled for 10:00 a.m. Pacific Time (1:00 p.m. ET). Interested parties can join via a live-streamed web event or dial-in at 888-286-8956 with Conference ID 3787244. A replay will be available starting July 24, 2020. Columbia Banking is noted for its strong workplace culture and esteemed rankings in the banking sector.
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