2022-11-02 | NDAQ:COLB | Press release

Veteran banker Ryan Summers will provide commercial banking services across the spectrum, from small businesses to middle-market businesses

PHOENIX, November 2, 2022 /PRNewswire/ — Columbia Bank (“Colombia“), the wholly-owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB), today announced the expansion of its commercial lending division to Arizona with veteran nomination Phoenix– neighborhood banker Ryan Summers.

Summers, with 14 years of commercial banking experience, will build a team dedicated to delivering the full range of business lending services that Colombia offers through. The team will be paired Columbia resources, technology and scope of services with deep Arizona market expertise and local decision-making serving residents and businesses―from small business owners to mid-market businesses.

“Expanding our commercial banking footprint to Arizona is one of our long-standing strategic priorities. This allows us to serve dynamic businesses operating in this dynamic state, while providing a one-stop-shop for business owners with operations in the western United States,” said Clint SteinPresident and CEO of Colombia. “We are building the first regional bank in the West, and Arizona is an essential element in realizing this vision and making it a reality.”

Based in the Phoenix metropolitan area, Summers joins Colombia as Senior Vice President and Arizona leader in commercial banking. Summers is an experienced banker with an in-depth knowledge of cash flow issues facing businesses of all sizes. Most recently, he was senior vice president and market leader of corporate banking for US Bank in Arizona. Summers graduated magna cum laude of George Fox University in Oregon.

“Ryan is a high caliber commercial banker who knows Arizona market and will add value to customers right from the start,” said Chris Merrywell, Columbia Chief Executive Officer. “We plan to quickly build a team as we identify the best talent to serve this important market, starting with a commercial lending office in Phoenix.”

About Colombia

Based in Tacoma, WashingtonColumbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a full-service commercial bank licensed by the State of Washington with offices throughout Washington, Oregon, California, Idaho and Utah. The bank was named one of Puget Sound Business Journal from washington Best Workplaces”, more than 10 times. Columbia was named on the Forbes 2022 list of “America’s Top Banks” marking 11 consecutive years on the publication’s list of top financial institutions. More information about Columbia can be found on its website at www.columbiabank.com.

Media contacts:

Financial Profiles, Inc.

Juanita Gutierrez

[email protected]

(310) 622.8235

Financial Profiles, Inc.

Kevin Dobbs

[email protected]

(310) 622.8245

Columbia Bank logo.  (PRNewsFoto/Columbia Bank)

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SOURCE Columbia Bank

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