2022-07-05 | NDAQ:COLB | Press release


Veteran Bankers Jeffrey Thomas, James Diver to provide business loan services

TACOMA, Wash., July 5, 2022 /PRNewswire/ — Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) (“Colombia“), today announced the expansion of its business lending division to Utah with veteran hires Salt Lake City– regional bankers Jeffrey Thomas and James Diver.

Thomas and Divver, both with over 20 years of experience in banking management Utahwill build a dedicated team to deliver the full range of business lending services that Colombia deals on a footprint that also includes Washington, Oregon, California and Idaho. The executives will associate Columbia resources, technology and scope of services with deep Utah market expertise and local decision-making at the service Utah businesses and residents.

“Our expansion into Utah is a logical extension of our growing footprint in the West and a timely opportunity to enter one of the strongest markets in the region with proven local leaders who are well positioned to grow rapidly and make a substantial impact” , said Clint SteinPresident and CEO of Colombia.

Utah is one of the best places in the country to live and work, with a rapidly growing business community that we are excited to join,” continued Stein. “The economy is diversified and poised for continued expansion. We aim to be the best regional bank in the West, and Utah is an important part of the big picture for Colombia.”

Last year, US news and world report class from utah #1 economy among the 50 states. Utah was also the nation’s second fastest growing state in 2021, behind only Idaho, according to population data from the US Census Bureau. Over the past decade, the state has consistently ranked among the top 10 in the nation in terms of net immigration and economic growth.

Thomas joins as Senior Vice President and Head of Commercial Banking. He will be the spearhead ColumbiaUtah operations. Thomas was most recently Senior Vice President and Market Leader of Corporate Banking for US Bank in the United States. Salt Lake City Region. Earlier in his career, he held senior management positions at Zions Bank in Utah. Graduated from University of Utahhe also earned an MBA from Westminster College. Thomas is a graduate of the Pacific Coast Banking School in University of Washington as well.

Utah has a strong talent pipeline from which I am confident we will attract the deep team of local bankers we need to exceed client expectations statewide,” said Thomas. “Our plan is to quickly build a full-service team, starting with a loan production office in the Salt Lake City Region.”

Joining Thomas is Divver, who joins as senior vice president and business development officer.

Divver previously served as Senior Vice President of Government Relations for Zions Bank. For two decades at Zions, he held positions of increasing responsibility. During his tenure, he oversaw the bank’s sales resource team, private/executive banking, new business and Zions insurance agency. Divver holds a bachelor’s degree in political science from the University of Utah.

About Colombia

Based at Tacoma, WAColumbia 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 in Washington, Oregon, California and Idaho. 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.

Moira Conlon

[email protected]

(310) 622.8220

Financial Profiles, Inc.

Kevin Dobbs

[email protected]

(310) 622.8245

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SOURCE Columbia Bank


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