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Columbia Banking Systems Inc - COLB STOCK NEWS

Welcome to our dedicated page for Columbia Banking Systems news (Ticker: COLB), a resource for investors and traders seeking the latest updates and insights on Columbia Banking Systems stock.

Columbia Banking Systems Inc. (Nasdaq: COLB) is a prominent regional bank holding company headquartered in Tacoma, Washington. Through its wholly-owned subsidiary, Columbia State Bank, and additional divisions under the Umpqua Bank brand, Columbia offers a comprehensive range of banking services to small and medium-sized businesses, professionals, and individuals across Washington, Oregon, Idaho, California, Nevada, Utah, Arizona, and Colorado. As of 2023, the bank boasts assets exceeding $50 billion, making it one of the largest banks headquartered in the Western U.S.

Formed from the merger of Columbia State Bank and Umpqua Holdings Corporation in March 2023, Columbia Banking Systems stands out due to its hybrid model of delivering sophisticated financial solutions and maintaining a strong commitment to personalized service and community engagement. The bank operates more than 150 branches and provides services such as retail and commercial banking, Small Business Administration (SBA) lending, institutional and corporate banking, equipment leasing, and wealth management.

Columbia has garnered numerous accolades, including a consistent presence on Forbes' list of America's Best Banks and recognition by the Puget Sound Business Journal as one of

News

Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits

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Umpqua Bank and Columbia Banking System (Nasdaq: COLB) announced $1 million in local grants to nonprofit recipients in honor of their 70th and 30th anniversaries, supporting communities in South Puget Sound, Portland Metro, and Douglas County Oregon. The merger of Umpqua Bank and Columbia Bank earlier this year formed a leading western bank and a top 30 bank in the U.S.
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Umpqua Bank Launches Warm Hearts Winter Drive, Mobilizes Thousands of Associates across the West to Support Neighbors in Need

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Umpqua Bank (UMPQ) launches Warm Hearts Winter Drive to support individuals and families struggling with access to housing and basic resources. The campaign involves 5,000 associates and 300 branches to raise funds and collect winter clothing for shelters and aid organizations. The initiative expands to support over 100 organizations in Oregon, Washington, California, Idaho, Nevada, and Utah. Since its inception in 2015, the campaign has raised over $2 million in contributions.
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Columbia Banking System Announces $0.36 Per Common Share Dividend

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Columbia Banking System, Inc. (COLB) Announces $0.36 Quarterly Cash Dividend
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Umpqua Bank Hires Corey Dahline and Greg Newhall to Lead and Expand North Coast Wine Specialty Group

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Umpqua Bank, a subsidiary of Columbia Banking System Inc., has added two wine industry banking experts to lead its North Coast Wine Specialty Group. Corey Dahline has been appointed senior vice president, commercial relationship manager to lead the wine-focused commercial banking team, while Greg Newall will serve as private bank market leader. This move reflects Umpqua's commitment to supporting the financial needs of wine-related enterprises and providing holistic financial solutions for their owners and employees.
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Umpqua Bank Opens First Retail Branch in Utah

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Umpqua Bank opens its first retail branch in Utah to support the banking needs of consumers and businesses in the Salt Lake City Metro Area.
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COLUMBIA BANKING SYSTEM, INC. REPORTS THIRD QUARTER 2023 RESULTS

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Columbia Banking System, Inc. reports third quarter 2023 results with net income of $136 million and operating net income of $164 million. Consolidated asset balances at $52 billion, loan balances at $37 billion, and deposit balances at $42 billion. Estimated CET1 and total capital ratios at 9.4% and 11.5% respectively.
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Columbia Banking System Announces Date of Third Quarter 2023 Earnings Release and Conference Call

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Columbia Banking System, Inc. will release Q3 2023 financial results on October 18, 2023. Conference call for investors and analysts at 2:00 p.m. PT. Joining details in the PR.
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Umpqua Bank 2023 Business Barometer: Optimism, Expectations for Revenue and Profitability Rise Despite Lingering Economic Concerns

Rhea-AI Summary
Business optimism is rising with expectations for increased revenue and profitability. Middle market businesses are focused on digitization for efficiency and tools to protect payment systems. Cybersecurity is a top concern. 57% of middle market businesses likely to bring supply chains back to the U.S. Commercial real estate expansion is increasing. Businesses plan to continue hybrid work options.
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Umpqua Bank Names Nicole Bascomb-Green Head of Community Lending

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Umpqua Bank appoints Nicole Bascomb-Green as Head of Community Lending to address affordable housing challenges in communities
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Columbia Banking System Announces $0.36 Per Common Share Dividend

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FAQ

What is the current stock price of Columbia Banking Systems (COLB)?

The current stock price of Columbia Banking Systems (COLB) is $30.88 as of November 15, 2024.

What is the market cap of Columbia Banking Systems (COLB)?

The market cap of Columbia Banking Systems (COLB) is approximately 6.4B.

What services does Columbia Banking Systems Inc. offer?

Columbia Banking Systems Inc. offers retail and commercial banking, SBA lending, institutional and corporate banking, equipment leasing, and wealth management services.

How large is Columbia Banking Systems Inc.?

As of 2023, Columbia Banking Systems Inc. has assets exceeding $50 billion, making it one of the largest banks headquartered in the Western U.S.

Where is Columbia Banking Systems Inc. headquartered?

Columbia Banking Systems Inc. is headquartered in Tacoma, Washington.

What recent achievements has Columbia Banking Systems Inc. accomplished?

Columbia Banking Systems Inc. successfully completed a merger with Umpqua Holdings Corporation in March 2023 and opened its first retail branch in Utah. The bank also achieved significant merger-related cost savings.

What recognition has Columbia Banking Systems Inc. received?

Columbia Banking Systems Inc. has been consistently listed on Forbes' America's Best Banks and recognized by the Puget Sound Business Journal as one of Washington's Best Workplaces for nine consecutive years.

What is the Business Barometer study by Umpqua Bank?

The Business Barometer study by Umpqua Bank is an annual examination of the mood, mindset, and strategic priorities of small and middle-market businesses across the U.S., highlighting trends like digitization and cybersecurity.

How did Columbia Banking Systems Inc. perform financially in Q4 2023?

In Q4 2023, Columbia Banking Systems Inc. reported net interest income of $454 million and a net interest margin of 3.78%. Total consolidated assets were $52.2 billion as of December 2023.

What regulatory measures does Columbia Banking Systems Inc. adhere to?

Columbia Banking Systems Inc. adheres to rigorous regulatory compliance, risk management practices, and forward-looking strategies to navigate economic challenges effectively.

What is the target of Columbia's operational excellence initiatives?

Columbia's operational excellence initiatives aim to enhance efficiency, reduce uncertainties, and ensure robust financial health and shareholder value.

Where can I learn more about Columbia Banking Systems Inc.?

You can learn more about Columbia Banking Systems Inc. at their official website: www.columbiabankingsystem.com.

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Columbia Banking Systems Inc

Nasdaq:COLB

COLB Rankings

#1119 Ranked by Market Cap
#618 Ranked by Dividends

COLB Stock Data

6.43B
209.53M
0.68%
95%
1.97%
Banks - Regional
State Commercial Banks
Link
United States of America
TACOMA