BNET Industries

Market Cap:$410.2M
Last Fiscal Year Sales:$211.9M
  • Public
  • US
Dow Jones Description

Columbia Banking System, Inc. (referred to in this report as "we," "our," and "the Company") is a registered bank holding company whose wholly owned banking subsidiary, Columbia State Bank ("Columbia Bank") also does business as Bank of Astoria and Mt. Rainier Bank and conducts full-service commercial banking business in the states of Washington and Oregon. Headquartered in Tacoma, Washington, we provide a full range of banking services to small and medium-sized businesses, professionals and individuals. The Company was originally organized in 1988 under the name First Federal Corporation, which was later named Columbia Savings Bank. In 1990, an investor group acquired a controlling interest in the Company and a second corporation, Columbia National Bankshares, Inc. ("CNBI"), and CNBI's sole banking subsidiary, Columbia National Bank. In 1993, the Company was reorganized to take advantage of commercial banking business opportunities in our principal market area. The opportunities to capture commercial banking market share were due to increased consolidation of banks, primarily through acquisitions by out-of-state holding companies, which created dislocation of customers. As part of the reorganization, CNBI was merged into the Company and Columbia National Bank was merged into the then newly chartered Columbia Bank. In 1994, Columbia Savings Bank was merged into Columbia Bank. ...

Director, President and Chief Executive Officer
Melanie J. Dressel
Number of Employees 735
Contact Information

1301 A Street

Tacoma, Washington 98401

columbiabank.co...

(253) 305-1900

NAICS Code Commercial Banking: 522110

Recent Events

  • Archive 5 state banks' profits plunge on bad loans

    11/10/09 - Financial Announcement - View Story

  • Columbia Banking System Announces Third Quarter 2009 Results and Declares Cash Dividend

    10/29/09 - Stock Split / Dividend - View Story

  • Columbia Banking raises $120M in stock offering

    8/11/09 - Financial Announcement - View Story

  • Columbia Banking System Announces Second Quarter 2009 Results and Declares Cash Dividend

    7/23/09 - Financial Announcement - View Story

News & Analysis

columbia banking system inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Melanie J. Dressel Director, President and Chief Executive Officer
James M. Will President, Titus, Will Enterprises
Andy McDonald Executive Vice President, Chief Credit Officer
Clint E. Stein Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)
Gary R. Schminkey CFO & Executive Vice President
Mark W Nelson Executive Vice President, Chief Banking Officer
Ben Shandrow Senior Vice President
Brett Willis Senior Vice President, Production
Chris Gruenfeld Senior Vice President
Craig Chance Senior Vice President, Community Financial Resources
Dan Patjens Senior Vice President
Dwight Phillips Senior Vice President, Production
Ernie Smith Senior Vice President, Administration
Patrick McMenamin Senior Vice President
Stephanie Ursino Senior Vice President
Susan Leonard Senior Vice President, Audit
Barbara Johannessen Vice President & Manager
Brian Reynolds Vice President PH
Chad Gregg Vice President & Manager
Darriel Menefee Assistant Vice President
Dean A. Piotrowski Vice President
Diane Drinkwine Vice President, Regional Operations
Donna Huey Vice President, Regional Operations
George Reynolds Vice President
Hugo Vanderwaal Vice President, Facilities Manager, PH
JoAnne Coy Vice President, Marketing & Director, Communications
Julie Tollkuehn Vice President & Manager
Kathy Peterman Vice President & Manager
Kevin Meabon Assistant Vice President
Kit Gerwels Assistant Vice President
Kurt Grimmer Vice President
Mary Haglund Vice President & Manager
Michael Block Vice President
Michelle Welsh Assistant Vice President
Ron Baker Vice President & Manager
Tom Kirkwood Vice President PH
Tom Dodge Managing Director
Kent Roberts Executive Vice President, Director of Human Resources
Avery Johnson Senior Vice President & Manager
Bob Springer Senior Vice President & Manager
Dean A. McSweeney Senior Vice President & Manager
Diane Wasalino Senior Vice President & Manager
Donald Lisko Executive Vice President & Manager
Kari Knudsen Senior Vice President & Manager
Kelly Lyons Manager, Operations
Racardo McLaughlin Senior Vice President & Manager
Stephen Maffett Manager for Redmond
Tanya Dahlby Manager
Val Leech Manager, Operations
Wayne Mannie Senior Vice President & Manager
David Rosholm Marketing Officer
Ed Fischer
Kevin McIntosh
Mark Miller Private Banking Officer
Tex Whitney
Tom Godwin

Board of Directors

Name (plus bio) Position
John P. Folsom Chairman
William T. Weyerhaeuser Chairman
Daniel C. Regis Board of Directors
Donald Rodman Board of Directors
Frederick M. Goldberg Board of Directors
Thomas L. Matson Board of Directors
Thomas M. Hulbert Board of Directors

Organization Position Status
Columbia State Bank President & CEO Current
The Stevenson Ranch Davidians President and CEO Current
Columbia Bank Senior Vice President of Private Banking Current
Columbia Banking System, Inc. Director, President and Chief Executive Officer Current
Town Center Bank Board of Directors Current
Columbia Banking System, Inc. Board of Directors Current
Bank of California Former
Bellarmine Preparatory School Board Member Former
University of Washington Degree In Political Science Former

Organization Position Status
Columbia Banking System, Inc. President, Titus, Will Enterprises Current
Columbia Banking System, Inc. Board of Directors Current

Andy McDonald joined Columbia Bank on June 1, 2004 as Executive Vice President and Chief Credit Officer. Prior to joining Columbia Bank, Mr. McDonald was Senior Vice President and Team Leader at US Bank for their South Sound Commercial Banking Group. In 18 years of banking, he has served as a Team Leader for a Media and Telecommunications Banking Group, as well as a Senior Credit Officer and Relationship Manager. Mr. McDonald has a Bachelor of Arts Degree in Accounting and Finance from the University of Washington, and a Masters in Business Administration from Notre Dame University, where he was accepted into the accelerated MBA Program and graduated with Honors. Mr. McDonald is currently a Board Member of the Tacoma Pierce County Chamber of Commerce, Pierce/Thurston County Junior Achievement, and the South Sound Boys and Girls Club. He was the Vice Chair of the Chamber's 2003 Total Resource Campaign. He served on the board of Big Brothers and Big Sisters from 1997 to 2002 and was a Founding Board Member of the American Cancer Society's Vertical Challenge Campaign.

Organization Position Status
Columbia Banking System, Inc. Executive Vice President, Chief Credit Officer Current
Columbia Bank Chief Credit Officer Current
Columbia State Bank Executive Vice President & Chief Credit Officer Current
Columbia Bank Executive Vice President Current
Town Center Bank Executive Vice President, Chief Credit Officer Current
The Stevenson Ranch Davidians Vice President Current
U.S. Bancorp Team Leader Former
American Cancer Society, Inc. Board Member Former
Big Brothers, Inc. Board of Directors Former
Total Resource Campaign Vice Chair Former
University of Notre Dame Masters In Business Administration Former
University of Washington Bachelor of Arts Degree In Accounting and Finance Former

Organization Position Status
Columbia Banking System, Inc. Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) Current

Organization Position Status
Columbia State Bank CFO & Executive Vice President Current
Columbia Banking System, Inc. CFO & Executive Vice President Current
Town Center Bank Executive Vice President, Chief Financial Officer Current
The Stevenson Ranch Davidians Executive Vice President Current
Columbia Bank Executive Vice President, Chief Financial Officer Tel Current
American Institute of Certified Public Accountants Member Current
Boy Scouts of America Former
University of Puget Sound Undergraduate Degree Former

Organization Position Status
Town Center Bank Executive Vice President, Chief Operating Officer Current
Bank of Astoria Executive Vice President, Chief Banking Officer, Columbia Bank Current
Columbia Banking System, Inc. Executive Vice President, Chief Banking Officer Current
Columbia State Bank COO & Executive Vice President Current
Columbia Bank Executive Vice President Current
The Stevenson Ranch Davidians Executive Vice President Current
Columbia Bank Senior Credit Officer Current
Bank of Astoria Board of Directors Current
Washington Banking Company Chief Lending Officer Former
Washington Banking Company Senior Vice President Former
Western Washington University Masters of Business Administration Former
Western Washington University Bachelor of Arts Degree In Business Administration Former

Organization Position Status
Columbia Banking System, Inc. Senior Vice President Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President, Production Current

Chris Gruenfeld is a team leader in Columbia Bank's Seattle Commercial Banking office. Chris's first commercial banking job was with Rainier National Bank, Seattle , Washington , in 1985, where he completed his credit training. Since then, he has held general commercial banking and management positions with Security Pacific, West One and Washington Mutual. Chris has led highly successful commercial banking teams since 2001. Chris's industry expertise includes equipment leasing, manufacturing, distribution, construction, seafood/commercial fishing, commercial real estate, law firms, accounting firms, finance companies and non-profit groups. Chris graduated from University of Idaho , Moscow , Idaho in 1982 with a finance degree and he is proud to be an Idaho Vandal.

Organization Position Status
Columbia Banking System, Inc. Senior Vice President Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President, Community Financial Resources Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President, Production Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President, Administration Current

Patrick McMenamin began his career in finance as project manager with Burlington Northern Railroad's real estate subsidiary in 1982. Pat later joined Seafirst Bank / Bank of America in 1986 as a senior commercial loan workout officer, progressing to a commercial lending credit examiner before taking a position as Vice President and Relationship Manager for middle market commercial lending clients. Pat joined Washington Mutual Bank in 1998 as a Relationship Manager, transferring many of his previous Bank of America customers to Washington Mutual Bank. Pat has again enjoyed transitioning his customers to Columbia Bank over the past two years after Washington Mutual Bank decided to exit the middle market commercial lending business in middle of 2004. His customer base spans a wide array of industries and includes commercial contractors, cold storage operators, commercial laundry equipment sales and operations, health clubs, marine contractors, restaurants, non-profit organizations, and a particular emphasis on commercial real estate owners and operators. Pat has also developed a particular specialty in tax-exempt public and private activity bond financing, as well as SBA 504 loans. Pat graduated from the University of California-Santa Barbara, and is an actively licensed real estate broker in the state of Washington . Pat enjoys snow and water skiing with his wife Meredith and their 3 children Patrick (age 12), Grace (9), and Liam (5).

Organization Position Status
Columbia Banking System, Inc. Senior Vice President Current
Town Center Bank Senior Vice President Current
Seafirst Bank Senior Commercial Loan Workout Officer Former
University of California, Santa Barbara Former

Organization Position Status
Columbia Banking System, Inc. Senior Vice President Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President, Audit Current

Organization Position Status
Columbia Banking System, Inc. Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Vice President PH Current

Organization Position Status
Columbia Banking System, Inc. Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Assistant Vice President Current

Dean brings a unique level of experience to Columbia Private Banking. With more than 12 years of financial planning and lending experience, he offers expertise, knowledge and a goal oriented approach to support his clients’ financial success. Whether they seek straightforward wealth creation and growth or preservation and distribution of assets, Dean delivers precisely tailored solutions. His ability to deliver these outcomes in a personal and confidential manner guarantees that Dean’s clients will enjoy an enduring and beneficial relationship. Dean earned a Bachelor of Science in Economics from the University of Washington in 1990, and has held his Series 6 and 63 Licenses since 1996. Active in Scouting and a member of the Tacoma Rotary, Dean lives in Puyallup with wife and two sons.

Organization Position Status
Columbia Banking System, Inc. Vice President Current

Organization Position Status
Columbia Banking System, Inc. Vice President, Regional Operations Current
Columbia Banking System, Inc. Manager, Operations Former

Organization Position Status
Columbia Banking System, Inc. Vice President, Regional Operations Current

Organization Position Status
Columbia Banking System, Inc. Vice President Current

Organization Position Status
Columbia Banking System, Inc. Vice President, Facilities Manager, PH Current

Organization Position Status
Columbia Banking System, Inc. Vice President, Marketing & Director, Communications Current

Organization Position Status
Columbia Banking System, Inc. Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Vice President & Manager Current

Kevin Meabon brings energy and zeal to the traditional commercial banking experience and has been instrumental in opening Columbia Bank’s doors to new industries in the alternative investments field. He began his career in commercial banking with Washington Mutual, Seattle, Washington, in 2003, where he quickly advanced to Assistant Relationship Manager. In 2004, Kevin successfully transitioned to Columbia Bank with a team of former Washington Mutual commercial bankers. He is currently marketing to build upon his existing diverse customer base. Kevin has in-depth experience in underwriting, structuring, and managing a complex portfolio with industry expertise focused in finance, investments, contractors, distribution, seafood/commercial fishing, and commercial real estate and construction. He has a Bachelors degree in Economics from the University of Washington. Kevin is a member of Risk Management Association, Construction Financial Management Association, and is actively involved with the Boys and Girls Club of Snohomish County. Personal hobbies include spending time with family and friends outdoors including boating, wakeboarding, and snowboarding. Kevin currently resides in Snohomish County with his wife, Kristina, and his extremely active Golden Retriever, Kai.

Organization Position Status
Columbia Banking System, Inc. Assistant Vice President Current

Kit Gerwels began his career with Washington Mutual in 2001, completing the bank's comprehensive credit training program. He began as a commercial credit analyst, underwriting and managing middle market commercial portfolios. Prior to coming to Columbia Bank in 2004 as an Assistant Vice President, Kit owned & operated Aston Showers, heading the residential spa company’s Pacific Northwest sales division. This experience built upon Kit’s manufacturing and distribution background. He spent his time in Southern China working with the Company’s manufacturer and developed distribution agreements with wholesalers and retailers in the Northwest. Kit holds a Bachelors degree from the University of Washington Business School. He is a member of the Construction Finance Management Association, Master Builder’s Association, Risk Management Association and the American Electronics Association. Kit is an avid sports fan. While not working, he attends Huskies football and basketball games. He also plays basketball frequently and enjoys hiking at Tiger Mountain and in the Anacortes forest lands, the community in which he grew up. Kit lives with his fiancé in Mill Creek.

Organization Position Status
Columbia Banking System, Inc. Assistant Vice President Current
Town Center Bank Assistant Vice President Current
American Electronics Association Board of Directors Current
American Electronics Association Member Current
University of Washington Business School Bachelors Degree Former

Organization Position Status
Columbia Banking System, Inc. Vice President Current

Organization Position Status
Columbia Banking System, Inc. Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Vice President Current

Organization Position Status
Columbia Banking System, Inc. Assistant Vice President Current

Organization Position Status
Columbia Banking System, Inc. Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Vice President PH Current

Organization Position Status
Columbia Banking System, Inc. Managing Director Current

Mr. Roberts joined Columbia 's executive management team in April 2007 as EVP and Human Resources Director. He brought with him over 30 years of strategic and functional experience across the full-range of Human Resource management activities at both the regional and corporate level. He has over 20 years of involvement with various community organizations within Tacoma-Pierce County , including 10 years as board member of the United Way of Pierce County and advisory committees for Pacific Lutheran University and University of Puget Sound . Mr. Roberts has been an active member and contributor to the Society for Human Resource Management and the Human Resource Planning Society.

Organization Position Status
Columbia Banking System, Inc. Executive Vice President, Director of Human Resources Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Executive Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Manager, Operations Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Manager for Redmond Current

Organization Position Status
Columbia Banking System, Inc. Manager Current

Organization Position Status
Columbia Banking System, Inc. Manager, Operations Current

Organization Position Status
Columbia Banking System, Inc. Senior Vice President & Manager Current

Organization Position Status
Columbia Banking System, Inc. Marketing Officer Current

Ed earned Bachelor of Science Degrees in both Economics and Finance from Central Washington University. When not working, Ed enjoys spending time with his wife and two teen-age sons, who keep him very busy outside of the office.

Organization Position Status
Columbia Banking System, Inc. Current

Kevin McIntosh is a Senior Financial Consultant with CB Financial Services offering his clients over ten years of experience in the financial services and investment industry. His previous positions include a Client Executive from Russell Investments and a Relationship Manager at Greene Wealth Management. Kevin believes the most important aspect of working with clients is helping them define and quantify their long-term financial goals. He makes a priority of understanding each client's complete financial picture when developing their wealth management plan and crafts each plan in a manner that creates the highest probability of success. Kevin's investment philosophy is one of diversification and intelligent asset allocation. He believes very strongly in regular communication and the importance of establishing trust, accountability, and building long-term valued relationships. When working with his clients he uses a needs-based, holistic approach developed in collaboration with a team of professionals including Columbia Bank's Retail Bankers and Commercial Lenders. His experience in providing comprehensive solutions through a financial planning approach adds further depth to the highly skilled CB Financial Services team. Kevin is a graduate of Wayland Baptist University in Plainview Texas and holds an MBA as well as a Bachelor of Science in Occupational Education.

Organization Position Status
CB Financial Services Senior Financial Consultant Current
Columbia Banking System, Inc. Current
Wayland Baptist University Former

Organization Position Status
Columbia Banking System, Inc. Private Banking Officer Current

Evans Q. "Tex" Whitney joined Columbia Bank in 1993 at the beginning of the Company's expansion into Tacoma-Pierce County. An Executive Vice President, he directs the Bank's Human Resources and Employee Development programs. Previously, Mr. Whitney was Senior Vice President and Human Resources Director of Puget Sound Bancorp, which had approximately 3,000 employees. His banking career has spanned over 35 years, concentrating on retail banking and human resources, with extensive experience in branch banking, operations and human resources. Mr. Whitney's community involvement has included his long-standing membership in the Tacoma Urban League, having previously served as Board Chair for that organization. He is currently an active member on the MultiCare Health Foundation and the Tacoma Safe Streets Board of Directors, having previously served as Chairman for both organizations. He has been active in the Washington State Drug Free Business Initiative, the Pierce County United Way, Zoobilee, the Tacoma Chamber of Commerce and the Tacoma Public Schools Business Partnership. He is a graduate of the University of Puget Sound with a degree in Political Science, and is a graduate of the School for Bank Administration at the University of Wisconsin.

Organization Position Status
Columbia Bank Executive Vice President Current
Columbia Banking System, Inc. Current
Tacoma Inc. Former
Tacoma Urban League, Inc Board of Directors Former
University of Wisconsin degree in Political Science Former

Organization Position Status
CB Financial Services Vice President Current
Columbia Bank Vice President and Senior Financial Consultant With Cb Financial Services Current
CB Financial Services Senior Financial Consultant Current
Columbia Banking System, Inc. Current
Town Center Bank Current
The Stevenson Ranch Davidians Current
Wm Financial Services, Inc. Vice President Former
Columbia Bank Financial Consultant Former
Wayne State University Masters Degrees In Economics Former
Wayne State University Bachelor of Arts Former

Organization Position Status
Columbia Banking System, Inc. Chairman Current

Organization Position Status
Eden Bioscience Corporation Chairman Current
Columbia Banking System, Inc. Chairman Current
Clearwater Management Incorporated Director Current
Columbia Banking System, Inc. Board of Directors Current
Potlatch Corporation Executive Compensation and Personnel Policies Committee Chairman Former
Potlatch Corporation Director Current

Organization Position Status
Digital Partners Venture Capital Managing Director Current
Digital Partners Incorporated Managing Director Current
Art Technology Group, Inc. Director of Columbia Current
Voicecenter Chairman of The Board, Audit Committee Current
Cray Inc. Chair Current
Art Technology Group, Inc. Board of Directors Current
Fios, Inc. Chairman of the Board Current
Cray Inc. Board of Directors Current
Columbia Banking System, Inc. Board of Directors Current
Picture Iq Board of Directors Current
Spikynorman.Net Director Current
Kirlan Venture Capital, Inc. President Former
Loudeye Corp. Investor Former
Seattle University B.S. Former

Organization Position Status
Columbia Banking System, Inc. Board of Directors Current

Mr. Goldberg, 69, has been a shareholder of SaltChuk Resources, Inc., Seattle, Washington, since 1982 and is currently a member of the Executive Committee and Chairman of the Audit Committee of that company. Mr. Goldberg has been a managing partner of Goldberg Investments since 1986. Mr. Goldberg has also been Chairman of the Board of Panorama City, Lacey, Washington, since 1990 and Gibbons Lane Vineyard, Tenino, Washington, since 1997.

Organization Position Status
Panorama City Chairman of The Board Current
Columbia Banking System, Inc. Board of Directors Current

Organization Position Status
Columbia Banking System, Inc. Board of Directors Current

Mr. Hulbert, 62, has been President and Chief Executive Officer of Winsor Corporation (lighting technologies), Olympia, Washington, since 1996 and President and Chief Executive Officer of Hulco, Inc. (real estate investments), Olympia, Washington, since 1984.

Organization Position Status
Winsor Corporation Chief Executive Officer Current
Winsor Corporation President Current
Columbia Banking System, Inc. Board of Directors Current

Executive News

  • Columbia Banking raises $120M in stock offering

    Biz Journals - 8/11/09 - View Story

  • Columbia Banking System Announces Closing of $120 Million Common Stock Offering, Including the Exercise of the Underwrit

    NewsBlaze - 8/11/09 - View Story

  • Columbia Banking raises $120M in stock offering

    Seattle Bizjournals - 8/11/09 - View Story

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     COLB $14.60 -0.29 (-1.95% )
Average Volume 244,999
Shares Outstanding 28.10M
Market Cap 410.2M
Year High 17.36
Year Low 4.76
Earnings Per Share -0.38
P/E Ratio -38.42
Dividend 0.04
Yield 0.27
Glass Door

Columbia Banking

CEO Rating

Melanie J. Dressel

President, CEO, and Director; President and CEO, Columbia Bank

0% Approve

Employer Rating
“Neutral” 3.0 3.0
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