Columbia Banking System Announces Increased Regular Cash Dividend of $0.30

Rhea-AI Summary

Columbia Banking System, based in Tacoma, Washington, has announced a quarterly cash dividend of $0.30 per common share, scheduled for payment on October 27, 2021. This marks an increase from the previous dividend of $0.28 per share. Shareholders of record must hold shares by the close of business on October 13, 2021. Columbia Banking is known for its strong performance, having been recognized for customer satisfaction and as one of Washington's Best Workplaces.

Positive

• Increased quarterly cash dividend to $0.30 from $0.28.
• Payment date set for October 27, 2021, enhancing shareholder returns.

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• None.

TACOMA, Wash., Sept. 30, 2021 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (NASDAQ: COLB) announced today that a quarterly cash dividend of $0.30 per common share will be paid on October 27, 2021 to shareholders of record as of the close of business on October 13, 2021. This is an increase from the prior quarterly dividend of $0.28 per share.

About Columbia
Headquartered in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with locations throughout Washington, Oregon and Idaho. The bank has been named one of Puget Sound Business Journal's "Washington's Best Workplaces," more than 10 times and was ranked #1 in Customer Satisfaction with Retail Banking in the Northwest region by J.D. Power in the 2020 U.S. Retail Banking Satisfaction Study. Columbia was named the #1 bank in the Northwest on the Forbes 2020 list of "America's Best Banks" marking nearly 10 consecutive years on the publication's list of top financial institutions. More information about Columbia can be found on its website at www.columbiabank.com.

About Bank of Commerce
Bank of Commerce Holdings is a bank holding company headquartered in Sacramento, California and is the parent company for Merchants Bank of Commerce (the "Bank"). The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California along the Interstate 5 corridor from Sacramento to Yreka and in the wine region north of San Francisco. The Bank was incorporated as a California banking corporation on November 25, 1981 and opened for business on October 22, 1982. The Company's common stock is listed on the NASDAQ Global Market and trades under the symbol "BOCH".

Investor Relations Contact:        
InvestorRelations@columbiabank.com 
253-471-4065

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SOURCE Columbia Banking System Inc

FAQ

What is the new dividend amount for Columbia Banking System (COLB)?

The new dividend amount is $0.30 per share.

When will the dividend for Columbia Banking System (COLB) be paid?

The dividend will be paid on October 27, 2021.

What is the record date for the Columbia Banking System (COLB) dividend?

The record date is October 13, 2021.

How does the $0.30 dividend compare to previous dividends for Columbia Banking System (COLB)?

The $0.30 dividend is an increase from the previous $0.28 per share.