COLUMBIA BANKING SYSTEM INC
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Columbia Banking System, Inc. (CBSI) operates as the holding for Columbia State Bank and Bank of Astoria, which provide various banking services primarily in western Washington and the northern Oregon coastal area. The company offers commercial and retail banking, and real estate lending services to small and medium-sized businesses, professionals, and other individuals. Its deposit products include interest and noninterest bearing demand deposit accounts, money market accounts, checking accounts, savings accounts, and certificates of deposit. CBSI originates commercial business and real estate loans, consumer loans, and real estate construction loans. Its consumer loans include automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and other personal loans. CBSI also offers commercial and industrial lending, private banking, cash management, and international, merchant, and investment services. Its international banking products and services include foreign trade financing, foreign currency exchange, documentary collections, foreign currency banknotes, foreign wire transfers, foreign currency drafts, foreign cash letters, import/export commercial letters of credit, time credits, and standby letters of credit. CBSI's investment services offers various products, such as variable annuities, mutual funds, stocks and bonds, individual retirement accounts, retirement and education planning, tax-favored investments, pension and 401(k) services, commercial paper, treasury securities, the U.S. government securities, and unit investment trusts. In addition, the company provides online banking and mortgage banking services. It primarily invests in mortgage-backed securities, collateralized mortgage obligations, state and municipal securities, and the U.S. government agency securities. As of December 31, 2004, the company had 39 branch offices. CBSI is headquartered in Tacoma, Washington.