Columbia Banking System, Inc. (COLB)

19.12 +0.11 (+0.58%) At close: 04:00PM EDT

Columbia Banking System, Inc.

1301 A Street
Suite 800 P.O. Box 2156
Tacoma, WA 98402-4200
United States
253 305 1900
https://www.columbiabankingsystem.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 5,114

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Cort Lane O'Haver	Executive Chairman	7.62M	N/A	1963
Mr. Clint E. Stein	President, CEO & Director	3.08M	N/A	1972
Mr. Ronald L. Farnsworth Jr., C.P.A.	Executive VP & CFO	1.55M	N/A	1971
Mr. Torran B. Nixon	Senior Executive Vice President	3.22M	N/A	1962
Mr. Christopher M. Merrywell	Senior Executive Vice President	2.7M	N/A	1966
Mr. Aaron James Deer	Executive VP & Chief Strategy & Innovation Officer	3.62M	N/A	1969
Ms. Lisa White	Principal Accounting Officer & Corporate Controller	N/A	N/A	1983
Mr. Drew K. Anderson C.P.A.	Executive VP & Chief Administrative Officer	N/A	N/A	1986
Ms. Jacquelynne Bohlen C.F.A.	Head of Investor Relations	N/A	N/A	N/A
Ms. Kumi Yamamoto Baruffi	Executive VP, General Counsel & Corporate Secretary	N/A	N/A	1971

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Columbia Banking System, Inc. operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory financing, international trade finance, commercial property loans, multifamily loans, equipment loans, commercial equipment leases, real estate construction loans and permanent financing, and small business administration program financing, as well as capital markets. In addition, the company offers wealth management comprising financial planning, investment, trust, and insurance; treasury management, which includes digital and mobile banking solutions, ACH, wires, positive pay, remote deposit capture, integrated payments, integrated receivables, lockbox, cash vault, real-time payments, commercial card, and foreign exchange and international banking related products, as well as merchant services; and brokerage services, residential real estate loans and consumer loans. It serves its products to corporate, institutional, small business, and individual customers. The company was founded in 1953 and is headquartered in Tacoma, Washington.

Corporate governance

Columbia Banking System, Inc.’s ISS governance QualityScore as of 1 April 2024 is 2. The pillar scores are Audit: 2; Board: 4; Shareholder rights: 2; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.