Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon, Idaho and California.
The company has a network of branches in Washington, Oregon, Idaho and California. It operates branches in 21 counties in the state of Washington, 16 counties in Oregon, 10 counties in Idaho, and seven counties in California.
Products and Servi...
Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon, Idaho and California.
The company has a network of branches in Washington, Oregon, Idaho and California. It operates branches in 21 counties in the state of Washington, 16 counties in Oregon, 10 counties in Idaho, and seven counties in California.
Products and Services
Personal Banking
The company offers its personal banking customers an assortment of account products, including noninterest and interest-bearing checking, savings, money market and certificate of deposit accounts. Overdraft protection is also available with direct links to the customer’s checking account. Personal banking customers might also choose from various loan products, including home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans. Eligible personal banking customers with checking accounts are provided a Visa Debit Card. Further, various Visa Credit Cards are available to eligible personal banking customers.
In addition, Columbia Connect, the company’s personal digital banking platform, allows its personal banking customers to conduct their banking business 24 hours a day, 7 days a week across all of their devices. Columbia Connect provides access to used features, such as depositing checks, paying bills, transferring funds, or locating the nearest Columbia Bank branch or automated teller machine (ATM).
Business Banking
Various checking, savings, interest-bearing money market and certificate of deposit accounts are offered to business banking customers to satisfy their banking needs. In addition to these core banking products, the company provides a breadth of services to support the financial needs of small and middle market businesses, including business debit and credit cards, business loans, professional banking, treasury management, merchant card services, and international banking.
Business Debit and Credit Cards: The company’s business banking customers are offered a selection of Visa Cards, including the Business Debit Card that works like a check wherever Visa is accepted. It also partners with Elan Financial Services to offer various Visa Credit Cards that come with business features, including expense management tools, free employee cards and added security benefits. A specialty community card for nonprofit organizations and municipalities is also available.
Business Loans: The company offers various loan products tailored to meet the needs of business banking customers. Business loan products include agricultural loans, asset-based loans, builder and other commercial real estate loans, and loans guaranteed by the Small Business Administration. In addition, it offers a suite of Business Edge loans designed for small businesses looking to expand, purchase equipment, or in need of working capital.
Professional Banking: The company helps dentists, physicians and veterinarians acquire, build and grow their practice. It offers tailored banking solutions.
Treasury Management: The company’s Treasury Management Programs are tailored to meet specific banking needs of each individual business. Its clients, of various sizes, choose from a range of transaction and Treasury Management tools to gain control over their money. Treasury Management solutions include business online and mobile banking, business bill pay, automated clearing house collections and payments, remote deposit capture, and various tools to protect against fraud and manage excess funds.
Merchant Card Services: The company partners with Worldpay to provide businesses with a range of payment acceptance solutions to meet their customer’s needs. Its merchant card services provide businesses with technology, pricing and service for their merchant needs.
International Banking: The company’s international banking department offers a range of financial services to help its business customers explore global markets and conduct international trade. It focuses on foreign currency exchange, letters of credit, foreign collections and trade finance services.
Wealth Management
The company offers tailored solutions to individuals, families and professional businesses in the areas of financial services and private banking, as well as trust and investment services.
CB Financial Services: CB Financial Services offers an array of financial solutions that focuses on wealth management by delivering personalized service through financial advisors serving various geographical areas. Financial services solutions include financial planning (asset allocation, net worth analysis, estate planning and preservation, education funding, and wealth transfer); wealth management (professional asset management, tailored investment strategies, and professional money managers); insurance solutions (long-term care, life, and disability insurance); individual retirement solutions (retirement planning, retirement income strategies, and traditional and Roth individual retirement account); and business solutions (business retirement plans, key person insurance, business succession planning, and deferred compensation plans).
Private Banking
The company offers clientele and their businesses financial solutions, such as deposit and treasury management services, credit services, and wealth management strategies.
Trust and Investment Services
Through the company’s Columbia Trust Company subsidiary, it offers a range of fiduciary, investment and administrative trust services, coupled with local, personalized attention to the requirements of each trust. Services include personal trusts, special needs (supplemental) trusts, estate settlement services, investment agency and charitable management services.
Loan Portfolio
Commercial Real Estate Loans: Commercial real estate loans are secured by properties located within the company’s primary market areas and have loan-to-value ratios of 80% or lower at origination.
Commercial Business Loans: The company provides commercial business lending to meet the credit and related deposit and treasury management needs of small to medium sized businesses.
Agriculture Loans: Agricultural lending includes agricultural real estate and production loans and lines of credit within the company’s primary market area. It focuses its Pacific Northwest communities, offering seasonal and longer-term loans and operating lines of credit by lending officers with focus in the agricultural communities it serves. Typical loan-to-value ratios on term loans could range from 55% to 80% depending upon the type of loan.
Construction Loans: The company originates various real estate construction loans.
One-to-four Family Residential Real Estate Loans: One-to-four family residential loans, including home equity loans and lines of credit, are secured by properties located within the company’s primary market areas and have loan-to-value ratios of 80% or lower at origination.
Other Consumer Loans: Consumer loans include automobile loans, boat and recreational vehicle financing, and other miscellaneous personal loans.
Foreign Loans: The company has no material foreign activities. Substantially all of the company’s loans and unfunded commitments are geographically focuses in its service areas within the states of Washington, Oregon and Idaho.
Securities
As of December 31, 2021, the company’s securities portfolio included U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations; other asset-backed securities; state and municipal securities; U.S. government agency and government-sponsored enterprise securities; U.S. government securities; and non-agency collateralized mortgage obligations.
Deposits
As of December 31, 2021, the company’s deposits included demand and other noninterest-bearing, money market, interest-bearing demand, savings, certificates of deposit, brokered certificates of deposit, and reciprocal money market accounts, as well as interest-bearing public funds, other than certificates of deposit.
Business Strategy
The company’s business strategy is to provide its customers with the financial sophistication and product depth of a regional banking company, while retaining the appeal and service level of a community bank.
Supervision and Regulation
The company is a bank holding company as defined in the Bank Holding Company Act of 1956, as amended, and is therefore subject to regulation, supervision and examination by the Board of Governors of the Federal Reserve System (Federal Reserve).
Under Federal Reserve policy and federal law, the company is required to act as a source of financial and managerial strength to the bank, including at times when the company might not be in a financial position to provide such resources, and it might not be in the company’s, or its shareholders’, best interests to do so.
The deposits of the bank, a Washington chartered commercial bank with branches in Washington, Oregon, Idaho and California, are insured by the Federal Deposit Insurance Corporation. The bank is subject to regulation by the Federal Deposit Insurance Corporation, the Washington State Department of Financial Institutions Division of Banks, the Oregon Department of Consumer and Business Services Division of Financial Regulation, the Idaho Department of Finance and the California Department of Financial Protection and Innovation.
The bank received a rating of ‘satisfactory’ in its completed Community Reinvestment Act of 1977 examination. The bank has established compliance programs designed to comply with the Bank Secrecy Act and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.
The Federal Reserve Act imposes quantitative and qualitative requirements and collateral requirements on covered transactions by the bank with, or for the benefit of, its affiliates.
The bank’s deposits are insured under the Federal Deposit Insurance Act, up to the maximum applicable limits and are subject to deposit insurance assessments designed to tie what banks pay for deposit insurance to the risks they pose.
History
Columbia Banking System, Inc. was founded in 1993.
