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 Banking System reported a strong first quarter 2022 with a net income of $57.5 million and diluted earnings per share of $0.74, despite a $0.07 per share impact from acquisition-related expenses. The company achieved record non-PPP loan production of $464.2 million, and deposits rose by $289.1 million. The net interest margin increased to 3.12%. A regular cash dividend of $0.30 per share will be paid on May 18, 2022, to shareholders of record by May 4, 2022.
Columbia Banking System (NASDAQ: COLB) will report its first-quarter 2022 financial results on April 21, 2022, before market opening. Management will host a conference call at 11:00 a.m. PT to discuss the results, accessible via web event or dial-in. The call replay will be available starting April 22, 2022. Columbia is recognized for its workplace culture and has been listed among Forbes 'America's Best Banks' for nearly 11 consecutive years. Investors are advised to consult SEC reports for risks associated with forward-looking statements.
Columbia Bank has appointed Lynne Nelson as Senior Vice President and Business Development Officer for its Healthcare Banking team in Washington and Northern Idaho. With nearly 10 years in banking and over six years in healthcare banking at Columbia, Nelson aims to enhance brand recognition and foster business relationships within the medical, dental, and veterinary communities. She previously co-founded Practice Management Associates, guiding professionals in practice transitions. Columbia Bank, headquartered in Tacoma, Washington, is recognized for excellence in the banking sector.
Columbia Banking System (NASDAQ: COLB) and Umpqua Holdings Corporation (NASDAQ: UMPQ) announced on January 26, 2022, that they have secured all necessary shareholder approvals for their proposed merger. This positive support indicates strong confidence in the integration timeline and the anticipated creation of a leading regional bank in the West. The merger is still pending regulatory approvals, with a target completion date set for mid-2022. Both companies are optimistic about the additional value it will generate for shareholders and stakeholders.
On January 26, 2022, Columbia Banking System and Umpqua Holdings Corporation announced the receipt of all necessary shareholder approvals for their proposed merger. The overwhelming support indicates a positive outlook for the transaction, which aims to create a leading regional bank in the West. The companies expect to finalize the merger in mid-2022, pending regulatory approvals. This integration is seen as a significant milestone that will enhance shareholder value and expand opportunities for customers and communities.
Columbia Banking System reported a record net income of $202.8 million for 2021, achieving $2.78 in diluted earnings per share. The fourth quarter net income was $42.9 million with $0.55 per share, after a $0.12 impact from acquisition-related expenses. The company completed its acquisition of Bank of Commerce Holdings and announced a merger with Umpqua Holdings Corporation. A regular cash dividend of $0.30 per share is set for February 16, 2022.
Columbia Bank announced the addition of a five-person commercial banking team to its Seattle office, aiming to enhance its market presence. The team includes Robert Boswell, Jocelyn Stockton, Riley Gaffney, Anna DeCaterina, and Miranda Jones, each bringing extensive experience in commercial banking across various sectors. Chris Merrywell, COO, emphasized the need for skilled professionals to support the growth of middle-market companies in the Seattle area. This development aligns with Columbia's ongoing strategy to combine operations with Umpqua Bank, enhancing service offerings to clients.
Columbia Bank has raised a record $351,611 during its seventh annual Warm Hearts Winter Drive, aimed at supporting families facing homelessness in the Northwest and Northern California. This initiative has brought in over $1.8 million since its inception in 2015, with contributions of warm clothing and supplies from employees, customers, and community members benefiting over 65 shelters. Additionally, Columbia's recent expansion into California post-merger with Merchants Bank of Commerce has enhanced its community service efforts in the new market.
Columbia Banking System (NASDAQ: COLB) will report its fourth quarter and full-year 2021 financial results after market close on January 19, 2022. A conference call to discuss these results is scheduled for January 20, 2022, at 11:00 a.m. PT. Interested investors can join via a live-streamed web event or by dialing in using the toll-free number (833) 301-1160, with conference ID 8296055. Following the call, a replay will be available starting January 21, 2022. Columbia, based in Tacoma, Washington, is known for its strong workplace culture and has ranked highly among America's best banks.
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