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) news covers developments at a western U.S. regional bank holding company headquartered in Tacoma, Washington. As the parent of Columbia Bank, the largest bank headquartered in the Northwest with locations across Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington, Columbia generates frequent updates of interest to investors, customers and analysts following the commercial banking sector.
News about COLB often includes announcements of quarterly and annual financial results, where Columbia discusses net interest income, net interest margin, non‑interest income and expenses, credit quality, capital ratios and balance sheet trends. These earnings releases are typically accompanied by conference call details and investor presentations that provide additional context on performance and strategy.
Columbia’s news flow also features corporate actions and strategic milestones. Recent examples include the completion of its all‑stock acquisition of Pacific Premier Bancorp, Inc., which expanded its western footprint and increased its presence in Southern California, and communications about the unification of its Columbia Bank brand following the renaming of Umpqua Bank. Updates on capital management, such as quarterly cash dividend declarations and authorization of a common stock repurchase program, are disclosed through press releases and related SEC filings.
Governance and leadership changes are another important news category, including announcements of executive appointments, such as the Deputy Chief Financial Officer and Chief Financial Officer roles, and board‑level developments tied to the Pacific Premier transaction. In addition, third‑party communications, such as presentations released by institutional shareholders, can appear in the news stream when they reference Columbia Banking System.
By following the COLB news page, readers can review a chronological record of these items, from earnings dates and conference appearances to merger integration updates and capital actions, all drawn from company press releases and related public disclosures.
Columbia Bank (NASDAQ: COLB) announced it will provide $100,000 in one-time grants through the Warm Homes campaign, supporting four organizations focused on affordable housing in the Pacific Northwest and Northern California. Each organization, including Jesse Tree and Homes for Good, will receive $25,000. Over four years, the Warm Homes initiative has distributed a total of $425,000. Columbia Bank aims to combat homelessness while enhancing community housing solutions.
Columbia Bank opens its second FinancialHub in Bellevue, Washington, designed to enhance community engagement while offering comprehensive banking services. The facility incorporates modern technology, ensuring client comfort and facilitating personal interactions. With features like self-service kiosks and mobile banking options, it stands as a dual-purpose community space for socializing and financial planning. This innovative approach aims to solidify Columbia's commitment to the local economy, hosting seminars and cultural events starting in May 2022, thus reinforcing its role in the thriving Bellevue community.
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.
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