TACOMA,
Wash., Aug. 12, 2024 /PRNewswire/ -- Columbia
Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of
Umpqua Bank, today announced its Board of Directors has approved a
quarterly cash dividend in the amount of $0.36 per common share, payable September 9, 2024, to shareholders of record as
of August 23, 2024.
About Columbia
Columbia (Nasdaq: COLB) is
headquartered in Tacoma,
Washington and is the parent company of Umpqua Bank, an
award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the
largest bank headquartered in the Northwest and one of the largest
banks headquartered in the West with locations in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah,
and Washington. With over
$50 billion of assets, Umpqua Bank
combines the resources, sophistication and expertise of a national
bank with a commitment to deliver superior, personalized service.
The bank supports consumers and businesses through a full suite of
services, including retail and commercial banking; Small Business
Administration lending; institutional and corporate banking; and
equipment leasing. Umpqua Bank customers also have access to
comprehensive investment and wealth management expertise as well as
healthcare and private banking through Columbia Wealth Advisors and
Columbia Trust Company, a division of Umpqua Bank. Learn more at
www.columbiabankingsystem.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, 2023,
for meaningful cautionary language discussing why actual results
may vary materially from those anticipated by management.
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SOURCE Columbia Banking System, Inc.