Columbia Bank
 Exterior of a bank branch in Portland, Oregon, 2026 | |
| Formerly | Columbia National Bank (1973–1993) Columbia State Bank (1993–2023) Umpqua Bank (2023–2025) |
|---|---|
| Nasdaq: COLB | |
| Industry | Commercial Banks |
| Founded | November 10, 1973 (as Columbia National Bank) August 16, 1993 (as Columbia State Bank) |
| Headquarters | Bank: Longview, Washington (1973–1993) Tacoma, Washington (1993–2023) Portland, Oregon (since 2023) Holding Company: Tacoma, Washington (since 1993) |
Number of locations | 376 (2026) |
Key people | Clint Stein (President, CEO, and Chairman) Christopher Merrywell (Co-President) Torran Nixon (Co-President) Ivan Seda (CFO) |
| Products | Checking accounts Savings accounts Retirement accounts Home loans Personal investing Private bank Business loans Treasury management Merchant services |
| Revenue |  US$283 million (2026) |
| US$192.3 million (2026) | |
| Total assets | US$66.03 billion (2026) |
| Total equity | US$7.66 billion (2026) |
| Parent | Columbia National Bankshares, Inc. (1973–1993) Columbia Banking System, Inc. (since 1993) |
| Website | https://www.columbiabank.com |
| Footnotes [1][2][3][4][5] | |
Columbia Bank is a bank based in Portland, Oregon. It is the primary subsidiary of Tacoma, Washington based financial holding company Columbia Banking System, Inc. It operates 376 branches in Washington, Oregon, California, Arizona, Nevada, Idaho, Utah, and Colorado.
History
[edit]Columbia National Bank began in Longview, Washington in 1973. Columbia Banking System was formed in 1988 for the purpose of acquiring Columbia National Bank, which it did in 1993. Columbia National Bank switched to a state-run charter and rebranded as Columbia State Bank. The same year it conducted an IPO and moved its headquarters from Longview to Tacoma.[6]
In 2013, Columbia acquired West Coast Bank, significantly increasing its presence in Oregon.[7] Columbia entered the Idaho market with its acquisition of Intermountain Community Bancorp, parent of Panhandle State Bank, in 2014.[8] Columbia acquired Pacific Continental Bank in 2017.[9] Columbia entered the California market with its acquisition of Merchants Bank of Commerce in 2021.[10]
In October 2021, Columbia Banking System announced a merger of equals with Portland, Oregon-based Umpqua Holdings Corporation and its bank subsidiary, Umpqua Bank. Although Columbia was the nominal survivor, Umpqua was the accounting acquirer, and the combined bank adopted the Umpqua Bank name. The combined company's corporate headquarters were in Tacoma, Washington, while the bank's headquarters were in Portland, Oregon. The $5 billion deal closed in March 2023.[11]
In April 2025, Columbia announced its acquisition of Irvine, California-based Pacific Premier Bancorp for $2 billion.[12] The deal closed in September 2025.
In September 2025 Umpqua Bank rebranded to Columbia Bank, unifying all of Columbia's subsidiaries under one name.[13]
References
[edit]- ↑ "Consolidated Financial Statements for Holding Companies—FR Y-9C - Columbia Banking System, Inc". Board of Governors of the Federal Reserve System. March 31, 2026. Retrieved June 19, 2026.
- ↑ "Columbia Banking System - 1st Quarter 2026 Earnings Presentation" (PDF). Columbia Banking System. April 23, 2026. Retrieved June 19, 2026.
- ↑ "Columbia National Bank (21308) – History". Federal Deposit Insurance Corporation. June 19, 2026. Retrieved June 19, 2026.
- ↑ "Columbia State Bank (33826) – History". Federal Deposit Insurance Corporation. June 19, 2026. Retrieved June 19, 2026.
- ↑ "Columbia Bank (17266) – History". Federal Deposit Insurance Corporation. June 19, 2026. Retrieved June 19, 2026.
- ↑ Bill Virgin (August 25, 2018). "Columbia Bank's shown staying power. Can it hang around another 25 years?". The News Tribune. McClathcy Media. Retrieved June 19, 2026.
- ↑ "Columbia Bank buying West Coast Bank for $506 million". The Columbian. September 25, 2012. Retrieved June 19, 2026.
- ↑ Brad Iverson-Long (November 5, 2014). "Columbia State Bank's acquisition of Panhandle completed". Idaho Business Review. Bridge Tower Media. Retrieved June 19, 2026.
- ↑ Ashey Stewart (November 2, 2017). "Columbia Bank closes $644M Pacific Continental Bank acquisition, late CEO's last deal". Puget Sound Business Journal. American City Business Journals. Retrieved June 19, 2026.
- ↑ Ken McCarthy (June 24, 2021). "Columbia Banking System buying California bank for $266 million". American Banker. Arizent. Retrieved June 19, 2026.
- ↑ Orla McCaffrey; Kimberly Chin (October 12, 2021). "Columbia Banking, Umpqua Bank to Merge in $5 Billion Deal". The Wall Street Journal. Archived from the original on August 3, 2025. Retrieved June 19, 2026.
- ↑ Pritam Biswas (April 23, 2025). "Columbia Banking to acquire Pacific Premier in a $2 billion deal". Reuters. Archived from the original on April 23, 2025. Retrieved June 19, 2026.
- ↑ Sarah Jacobsen (September 24, 2025). "NW bank chain rebranded some Boise locations. Now it's changing them back". Boisedev. Elevate 208 Media. Retrieved June 19, 2026.
External links
[edit]
Media related to Columbia Bank at Wikimedia Commons- Official website
- Companies based in Tacoma, Washington
- Companies based in Portland, Oregon
- American companies established in 1973
- American companies established in 1993
- Banks established in 1973
- Banks established in 1993
- Banks based in Washington (state)
- Banks based in Oregon
- Companies listed on the Nasdaq
- 1973 establishments in Washington (state)
- 1993 establishments in Washington (state)