TACOMA, Wash., April 25 /PRNewswire-FirstCall/ -- William T.
Weyerhaeuser, Chairman of the Board of Columbia Banking System, Inc.
(Nasdaq: COLB) announced that a quarterly cash dividend of $0.17 per share
will be paid on May 23, 2007 to shareholders of record as of the close of
business on May 9, 2007
Mr. Weyerhaeuser noted, "We are pleased to reward our shareholders for
their continued confidence in Columbia."
Columbia Banking System, Inc. (Columbia) is a Tacoma-based bank holding
company whose wholly owned banking subsidiaries are Columbia Bank and Bank
of Astoria. Columbia Bank is a Washington state-chartered full-service
commercial bank with 35 banking offices in Pierce, King, Cowlitz, Kitsap
and Thurston counties. Bank of Astoria, a federally insured commercial bank
headquartered in Astoria, Oregon, operates four branches in Clatsop County:
Astoria, Warrenton, Seaside and Cannon Beach; and one branch in Manzanita
in Tillamook County. More information about Columbia can be found on its
website at http://www.columbiabank.com.
Note Regarding Forward Looking Statements
This news release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, which can
be identified by words such as "may," "expected," "anticipate", "continue,"
or other comparable words. In addition, all statements other than
statements of historical facts that address activities that Columbia
expects or anticipates will or may occur in the future are forward-looking
statements. Readers are encouraged to read the SEC reports of Columbia,
particularly its form 10-K for the Fiscal Year ended December 31, 2005, for
meaningful cautionary language discussing why actual results may vary
materially from those anticipated by management.
Contacts: Melanie J. Dressel, President and
Chief Executive Officer
(253) 305-1911
Gary R. Schminkey, Executive Vice President
and Chief Financial Officer
(253) 305-1966
SOURCE Columbia Banking System Inc.
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Related links:
http://www.columbiabank.com/
CONTACT:
Melanie J. Dressel, President and Chief
Executive Officer, +1-253-305-1911, or Gary R. Schminkey,
Executive Vice President and Chief Financial Officer,
+1-253-305-1966, both of Columbia Banking System, Inc.
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