Columbia Banking System, Inc. Announces Board Changes
May 23, 2018 at 04:45 pm EDT
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Columbia Banking System, Inc. announced that Craig D. Eerkes, who has served on the Board of Directors of the Company and its wholly owned subsidiary Columbia Bank since September 2014, has been appointed as Chairman of the Board. During his time on the Board of Columbia, Mr. Eerkes has served on the Personnel and Compensation, Enterprise Risk Management, and Trust Committees. Mr. Eerkes succeeds William T. Weyerhaeuser, who served as the Chairman of the Board since 2001 and Director since 1998. Mr. Weyerhaeuser will remain on the Board as a Director. In accordance with its governance policy that requires mandatory retirement at age 75, the Company also announced that Mr. Weyerhaeuser, along with Directors John P. Folsom and David A. Dietzler, will retire from the Board of Directors at the 2019 Annual Meeting of Shareholders. Mr. Eerkes has served as the President and Chief Executive Officer of Sun Pacific Energy, Inc. since 1981.
Columbia Banking System, Inc. is the bank holding company for Umpqua Bank (the Bank). Through the Bank, the Company provides a broad range of banking, private banking, mortgage, and other financial services to corporate, institutional, small business, and individual customers. The bank offers specialized loans for corporate, middle market, and small business customers, including commercial lines of credit and term loans, and others. It offers deposit products, including non-interest-bearing checking accounts, analyzed business accounts, interest-bearing checking and savings accounts, money market accounts, insured cash sweep and other investment sweep solutions. The Bank also provides loans to individual borrowers for a variety of purposes, including secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. The Bank primarily operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington State.
COLUMBIA BANKING SYSTEM, INC. 
