TACOMA, Wash., March 2, 2022 /PRNewswire/ — Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) (“Colombia“), announced today that it has been recognized as the Small Business Administration’s (SBA) Principal Lender by the SBA’s Portland and Seattle district offices in the region.
The ranking covers the federal fiscal year that ended September 30, 2021 and are based on the number of loans made by each bank during the period.
During the past year, Columbia Bank made 186 loans to small businesses in Seattle region and moved up one spot from the previous year to become the #1 ranked SBA lender in the district. In the Portland district, Columbia Bank issued 191 SBA loans. This is the fourth consecutive year the bank has been ranked first by the SBA’s Portland District Office. Nationally, Columbia Bank now ranks 18th.
Chris Merrywell, Columbia Chief Operating Officer, said, “As a community bank focused on serving the small businesses that power our local communities, we are committed to helping them achieve their business goals. These rankings demonstrate the work our bankers do every day to help customers and small businesses thrive in our communities. I am proud of what our teams have accomplished.
Scott BossomSenior Vice President and Director of the SBA, added, “I am very proud of the work our teams have done over the past year to help small businesses in the Northwest. It has not been an easy year and many companies have had to face so many uncertainties Ranking in the first place in the Seattle District is an incredible achievement and a testament to the work and partnerships our teams create with each other and with our customers.”
Based in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a full-service commercial bank licensed by the State of Washington with operations throughout Washington, Oregon and Idaho. The bank was named one of Puget Sound Business Journal “from washington Best Workplaces”, more than 10 times. Columbia was named the No. 1 bank in the Northwest on the Forbes 2021 list of “America’s Top Banks” marking 10 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.
Financial Profiles, Inc.
SOURCE Columbia Bank