{"success":true,"data":{"pressRelease":{"id":"111833","rtpr_id":"nPn2rCnyna","ticker":"COLB","exchange":"NASDAQ","all_tickers":["COLB"],"title":"Columbia Bank Continues Colorado Expansion with First Commercial Office and Retail Branch in Colorado Springs","author":"PR Newswire","published_at":"2026-08-06T18:00:00.258Z","article_body":"Columbia Bank Continues Colorado Expansion with First Commercial Office and Retail Branch in Colorado Springs\n\nPR Newswire\n\nTACOMA, Wash., Aug. 6, 2026\n\nTACOMA, Wash., Aug. 6, 2026 /PRNewswire/ -- Columbia Bank (Columbia), a\nsubsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced\nthe opening of its first commercial office and retail branch in Colorado\nSprings. The new location expands Columbia's Colorado footprint and\nstrengthens its ability to serve businesses, consumers and nonprofit\norganizations throughout Southern Colorado.\n\nColumbia has been operating in Colorado Springs since 2023 with the addition\nof Southern Colorado Market Director Alex Sullivan. Under Sullivan's\nleadership, the bank has established a strong deposit base on the strength of\nits full suite of services, including treasury management, commercial card\nservices, debt capital markets, foreign exchange banking, and C&I and\ncommercial real estate lending.\n\nAccording to Tory Nixon, President of Columbia, the addition of dedicated\ncommercial and retail space reflects Columbia's long-term commitment to\nColorado Springs and its continued growth.\n\n\"Columbia Bank has seen tremendous momentum in Colorado Springs even without a\nphysical location, which speaks to the strength of this market and the\nrelationships we've built here,\" said Nixon. \"Opening a commercial office and\nfull-service retail branch allows us to deepen our commitment to local\nbusinesses and better serve the community. Our focus on local decision-making\nand long-term relationships continues to resonate with business owners and\noperators across the region.\"\n\nExpanding Colorado Footprint\n\nColumbia Bank entered the Colorado market in 2022 under the leadership of\nMountain West Regional Director Shawn Thompson. In 2025, the bank opened its\nfirst Colorado retail branch and now has four offices between its Denver and\nColorado Springs commercial and retail banking spaces. Columbia Private Trust,\na division of Columbia Bank with $19 billion in assets under custody, is also\nbased in Denver.\n\nThe Colorado Springs Commercial Banking Center will be led by Sullivan, who\npreviously held several positions at UMB Bank and played a prominent role in\nthe City of Champions economic development initiative that brought five\ndistinct sports and entertainment venues to Colorado Springs.\n\n\"Since entering Colorado, Columbia has built a strong local team that offers\nbusinesses a personalized banking experience backed by our broad\ncapabilities,\" said Thompson. \"Alex was our first leader in Colorado Springs,\nand his success building our commercial banking presence over the past two\nyears helped make this branch opening possible.\"\n\nDowntown Trolley District Location\n\nLocated in the downtown Trolley District, Columbia's first Colorado Springs\nlocation combines commercial and retail banking services in a\n5,500-square-foot facility. The local team and bank leaders welcomed community\nmembers to a grand opening celebration on July 15.\n\nThe branch is located at 517 S. Cascade Ave, Unit A and will be open from 9\na.m. to 5 p.m., Monday through Friday.\n\nLearn more about Columbia Bank's growing Colorado presence\nat www.columbiabank.com/locations/colorado\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4747528-1&h=3560643324&u=https%3A%2F%2Fwww.columbiabank.com%2Flocations%2Fcolorado%2F&a=www.columbiabank.com%2Flocations%2Fcolorado)\n.\n\nAbout Columbia Bank\n\nColumbia Bank is an award-winning preeminent regional bank with offices in\nArizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and\nWashington. It combines the resources, sophistication, and expertise of a\nnational bank with a commitment to deliver superior, personalized service. The\nbank supports consumers and businesses through a full suite of services,\nincluding retail and commercial banking, Small Business Administration\nlending, institutional and corporate banking, and equipment leasing. Columbia\nBank customers also have access to comprehensive investment and wealth\nmanagement expertise as well as healthcare and private banking through\nColumbia Wealth Management. Columbia Bank is the principal subsidiary of\nColumbia Banking System, Inc. (Nasdaq: COLB). Learn more at columbiabank.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4747528-1&h=488893426&u=http%3A%2F%2Fwww.columbiabank.com%2F&a=columbiabank.com)\n and columbiabankingsystem.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4747528-1&h=327413545&u=http%3A%2F%2Fwww.columbiabankingsystem.com%2F&a=columbiabankingsystem.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/columbia-bank-continues-colorado-expansion-with-first-commercial-office-and-retail-branch-in-colorado-springs-302845282.html\n(https://www.prnewswire.com/news-releases/columbia-bank-continues-colorado-expansion-with-first-commercial-office-and-retail-branch-in-colorado-springs-302845282.html)\n\nSOURCE Columbia Bank\n\n\n\nKurt Heath, 503.219.6124, KurtHeath@ColumbiaBank.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1965495/Columbia-Bank-Colorado-Springs.jpg?id=OA2833554\nhttps://mmx.prnewswire.com/media/MS1705466/CB-Horizontal-Color-PNG-Logo-Logo.jpg?id=OA2833543\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn2rCnyna","title":"Columbia Bank Continues Colorado Expansion with First Commercial Office and Retail Branch in Colorado Springs","author":"PR Newswire","ticker":"COLB","created":"2026-08-06T18:00:00.258Z","tickers":["COLB"],"exchange":"NASDAQ","article_body":"Columbia Bank Continues Colorado Expansion with First Commercial Office and Retail Branch in Colorado Springs\n\nPR Newswire\n\nTACOMA, Wash., Aug. 6, 2026\n\nTACOMA, Wash., Aug. 6, 2026 /PRNewswire/ -- Columbia Bank (Columbia), a\nsubsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced\nthe opening of its first commercial office and retail branch in Colorado\nSprings. The new location expands Columbia's Colorado footprint and\nstrengthens its ability to serve businesses, consumers and nonprofit\norganizations throughout Southern Colorado.\n\nColumbia has been operating in Colorado Springs since 2023 with the addition\nof Southern Colorado Market Director Alex Sullivan. Under Sullivan's\nleadership, the bank has established a strong deposit base on the strength of\nits full suite of services, including treasury management, commercial card\nservices, debt capital markets, foreign exchange banking, and C&I and\ncommercial real estate lending.\n\nAccording to Tory Nixon, President of Columbia, the addition of dedicated\ncommercial and retail space reflects Columbia's long-term commitment to\nColorado Springs and its continued growth.\n\n\"Columbia Bank has seen tremendous momentum in Colorado Springs even without a\nphysical location, which speaks to the strength of this market and the\nrelationships we've built here,\" said Nixon. \"Opening a commercial office and\nfull-service retail branch allows us to deepen our commitment to local\nbusinesses and better serve the community. Our focus on local decision-making\nand long-term relationships continues to resonate with business owners and\noperators across the region.\"\n\nExpanding Colorado Footprint\n\nColumbia Bank entered the Colorado market in 2022 under the leadership of\nMountain West Regional Director Shawn Thompson. In 2025, the bank opened its\nfirst Colorado retail branch and now has four offices between its Denver and\nColorado Springs commercial and retail banking spaces. Columbia Private Trust,\na division of Columbia Bank with $19 billion in assets under custody, is also\nbased in Denver.\n\nThe Colorado Springs Commercial Banking Center will be led by Sullivan, who\npreviously held several positions at UMB Bank and played a prominent role in\nthe City of Champions economic development initiative that brought five\ndistinct sports and entertainment venues to Colorado Springs.\n\n\"Since entering Colorado, Columbia has built a strong local team that offers\nbusinesses a personalized banking experience backed by our broad\ncapabilities,\" said Thompson. \"Alex was our first leader in Colorado Springs,\nand his success building our commercial banking presence over the past two\nyears helped make this branch opening possible.\"\n\nDowntown Trolley District Location\n\nLocated in the downtown Trolley District, Columbia's first Colorado Springs\nlocation combines commercial and retail banking services in a\n5,500-square-foot facility. The local team and bank leaders welcomed community\nmembers to a grand opening celebration on July 15.\n\nThe branch is located at 517 S. Cascade Ave, Unit A and will be open from 9\na.m. to 5 p.m., Monday through Friday.\n\nLearn more about Columbia Bank's growing Colorado presence\nat www.columbiabank.com/locations/colorado\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4747528-1&h=3560643324&u=https%3A%2F%2Fwww.columbiabank.com%2Flocations%2Fcolorado%2F&a=www.columbiabank.com%2Flocations%2Fcolorado)\n.\n\nAbout Columbia Bank\n\nColumbia Bank is an award-winning preeminent regional bank with offices in\nArizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and\nWashington. It combines the resources, sophistication, and expertise of a\nnational bank with a commitment to deliver superior, personalized service. The\nbank supports consumers and businesses through a full suite of services,\nincluding retail and commercial banking, Small Business Administration\nlending, institutional and corporate banking, and equipment leasing. Columbia\nBank customers also have access to comprehensive investment and wealth\nmanagement expertise as well as healthcare and private banking through\nColumbia Wealth Management. Columbia Bank is the principal subsidiary of\nColumbia Banking System, Inc. (Nasdaq: COLB). Learn more at columbiabank.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4747528-1&h=488893426&u=http%3A%2F%2Fwww.columbiabank.com%2F&a=columbiabank.com)\n and columbiabankingsystem.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4747528-1&h=327413545&u=http%3A%2F%2Fwww.columbiabankingsystem.com%2F&a=columbiabankingsystem.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/columbia-bank-continues-colorado-expansion-with-first-commercial-office-and-retail-branch-in-colorado-springs-302845282.html\n(https://www.prnewswire.com/news-releases/columbia-bank-continues-colorado-expansion-with-first-commercial-office-and-retail-branch-in-colorado-springs-302845282.html)\n\nSOURCE Columbia Bank\n\n\n\nKurt Heath, 503.219.6124, KurtHeath@ColumbiaBank.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1965495/Columbia-Bank-Colorado-Springs.jpg?id=OA2833554\nhttps://mmx.prnewswire.com/media/MS1705466/CB-Horizontal-Color-PNG-Logo-Logo.jpg?id=OA2833543\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-06T18:00:00.335173734Z","server_sent_at_ms":1786039200335},"received_at":"2026-08-06T18:00:00.387Z","source_url":"https://www.prnewswire.com/news-releases/columbia-bank-continues-colorado-expansion-with-first-commercial-office-and-retail-branch-in-colorado-springs-302845282.html"},"analysis":{"id":"100840","press_release_id":"111833","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"Columbia Bank opened its first commercial office and retail branch in Colorado Springs, marking a step in its expansion across Southern Colorado.\n\nThe new 5,500-square-foot location is situated in the downtown Trolley District and aims to deepen relationships with local businesses and consumers.\n\nColumbia Private Trust, a division managing $19 billion in assets under custody, is also based in Colorado as part of the bank's regional growth strategy.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Regional footprint expansion in Colorado Springs."},"keyFigures":{"customDimensions":{"facility_size_sqft":5500,"assets_under_custody":19000000000}},"quotedText":"Opening a commercial office and full-service retail branch allows us to deepen our commitment to local businesses and better serve the community.","namedEntities":{"people":[{"name":"Alex Sullivan","role":"Southern Colorado Market Director"},{"name":"Tory Nixon","role":"President"},{"name":"Shawn Thompson","role":"Mountain West Regional Director"}],"products":["treasury management","commercial card services","debt capital markets","foreign exchange banking","C&I lending","commercial real estate lending"],"companies":[{"name":"Columbia Banking System, Inc.","ticker":"COLB"},{"name":"Columbia Bank"},{"name":"Columbia Private Trust","relationship":"division"}],"dollarAmounts":[{"amount":"$19 billion","context":"Columbia Private Trust assets under custody"}]},"materialImpact":{"score":2,"reasoning":"The opening of a single branch represents standard geographic expansion for a regional bank and does not constitute a material financial event or market-moving development."},"tickerRelevance":{"others":[],"primary":"COLB"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"regional_mid_cap","eventGravity":"branch_expansion","sectorWeight":"financials"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Columbia Bank opened its first commercial office and retail branch in Colorado Springs, marking a step in its expansion across Southern Colorado.\n\nThe new 5,500-square-foot location is situated in the downtown Trolley District and aims to deepen relationships with local businesses and consumers.\n\nColumbia Private Trust, a division managing $19 billion in assets under custody, is also based in Colorado as part of the bank's regional growth strategy.","key_figures":{"customDimensions":{"facility_size_sqft":5500,"assets_under_custody":19000000000}},"named_entities":{"people":[{"name":"Alex Sullivan","role":"Southern Colorado Market Director"},{"name":"Tory Nixon","role":"President"},{"name":"Shawn Thompson","role":"Mountain West Regional Director"}],"products":["treasury management","commercial card services","debt capital markets","foreign exchange banking","C&I lending","commercial real estate lending"],"companies":[{"name":"Columbia Banking System, Inc.","ticker":"COLB"},{"name":"Columbia Bank"},{"name":"Columbia Private Trust","relationship":"division"}],"dollarAmounts":[{"amount":"$19 billion","context":"Columbia Private Trust assets under custody"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-07T01:40:25.608Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"regional_mid_cap","eventGravity":"branch_expansion","sectorWeight":"financials"}},"durationMs":323130,"modelName":"glm-4.7"}}