| Business Summary | | Columbia
Banking
System,
Inc.
is
a
Tacoma,
Washington-based
bank
holding
company,
which
operates
Columbia
State
Bank
(the
Bank),
a
state-chartered
commercial
bank
with
28
offices
in
Pierce,
King,
Kitsap,
Thurston
and
Cowlitz
counties.
The
Bank
provides
a
range
of
services
to
small
and
medium-sized
businesses,
professionals
and
individuals.
Substantially
all
of
the
Bank's
loans,
loan
commitments
and
core
deposits
are
geographically
concentrated
in
its
service
area.
Columbia
Bank
is
managed
along
three
major
lines
of
business:
commercial
banking,
retail
banking
and
real
estate
lending.
The
principal
activities
conducted
by
commercial
banking
are
the
origination
of
commercial
business
loans
and
private
banking
services.
Retail
banking
includes
deposit,
consumer
loan
and
commercial
loan
products
offered
in
the
Bank's
branch
offices.
Real
estate
lending
offers
single-family
residential,
multi-family
residential
and
commercial
real
estate
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | COLB
is
a
bank
holding
co.
for
Columbia
State
Bank,
which
provides
full-service
commercial
banking.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
8%
to
$55.8
million.
Net
interest
income
after
loan
loss
provision
rose
1%
to
$26.8
million.
Net
income
fell
9%
to
$5.9
million.
Net
interest
income
reflects
higher
average
interest
earning
assets,
partially
offset
by
a
higher
cost
of
funds.
Net
income
was
offset
by
increased
compensation
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Weyerhaeuser, 57 Chairman | -- | Melanie Dressel, 48 Pres,
COO, Director | $268K | J. James Gallagher, 62 Vice
Chairman and CEO | 287K | Gary Schminkey, 43 CFO,
Exec. VP | 171K | Harald Russell, 46 Exec.
VP, CCO | 210K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|