TACOMA, Wash., Oct. 25 /PRNewswire-FirstCall/ -- The Board of Directors
of Columbia Banking System, Inc. (Nasdaq: COLB) announced that a quarterly
cash dividend of $0.17 per share will be paid on November 21, 2007 to
shareholders of record as of the close of business on November 7, 2007.
Melanie Dressel, President and Chief Executive Officer noted, "We value
the ongoing investment of our shareholders."
About Columbia
Headquartered in Tacoma, Washington, Columbia Banking System, Inc. is a
Tacoma-based bank holding company whose wholly owned banking subsidiaries
are Columbia Bank and Bank of Astoria, which operate a combined total of 53
branches. Columbia Bank is a Washington state-chartered full-service
commercial bank. With the July 23, 2007 completion of the acquisitions of
Mountain Bank Holding Company and Town Center Bancorp, Columbia Bank has 48
banking offices in Pierce, King, Cowlitz, Kitsap and Thurston counties in
Washington State, and Clackamas and Multnomah counties in Oregon. Included
in Columbia Bank are former branches of Mt. Rainier National Bank, doing
business as Mt. Rainier Bank, with 7 branches in King and Pierce 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, 2006, 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
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