{"success":true,"data":{"pressRelease":{"id":"122094","rtpr_id":"nPn7vN1r3a","ticker":"COLB","exchange":"NASDAQ","all_tickers":["COLB"],"title":"Columbia Bank Continues Utah Expansion with New Draper Commercial Office and Retail Branch","author":"PR Newswire","published_at":"2026-08-18T18:00:00.412Z","article_body":"Columbia Bank Continues Utah Expansion with New Draper Commercial Office and Retail Branch\n\nPR Newswire\n\nTACOMA, Wash.,, Aug. 18, 2026\n\nTACOMA, Wash.,, Aug. 18, 2026 /PRNewswire/ -- Columbia Bank (Columbia), a\nsubsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced\nthe opening of a new commercial office and retail branch in Draper, Utah.\nSituated 20 miles outside of Salt Lake City, the Draper location is the first\nof three new Columbia branches set to open in the Salt Lake City Metropolitan\nArea in 2026.\n\nColumbia has steadily expanded its Utah presence since entering the market in\n2022 with a commercial banking team led by Utah Market Director Jeff Thomas.\nIn addition to its commercial and industrial (C&I) banking teams, Columbia\nalso recently expanded its market capabilities with the addition of a Salt\nLake City-based commercial real estate group led by Steve Strong and David\nGriffin.\n\n\"Utah is one of the most dynamic commercial markets in the West, and the Salt\nLake City area represents an important connection point between our growing\nteams in the Mountain West and our broader footprint,\" said Clint Stein, CEO\nof Columbia Bank. \"With multiple new locations opening in the coming months,\nColumbia is deepening our investment in the market and strengthening our\nability to deliver the expertise and resources local businesses need to\nsucceed.\"\n\nContinued Utah Expansion\n\nColumbia Bank's Draper branch opening will be followed by two additional\nlocations in Pleasant Grove and the Sugar House neighborhood of Salt Lake\nCity. Together, the three branches will provide enhanced access to Columbia's\nfull range of commercial and retail capabilities, including consumer banking,\nC&I lending, commercial real estate lending, healthcare banking, home\nbuilder finance, treasury management, wealth management and commercial card\nservices.\n\n\"Columbia Bank is a great fit for Utah business owners who deeply value\naccessibility and responsiveness and want to work with a banking partner that\nunderstands their business and can grow alongside them,\" said Thomas. \"We are\neager to bring our local expertise and relationship-based service model to\nmore Utah businesses and communities as we continue building on our momentum\nsince entering the market.\"\n\nSouth Jordan Branch Moved to Expanded Draper Location\n\nLocated in Draper's Minuteman Office Plaza, the new branch sits along Utah's\nSilicon Slopes tech corridor, which is one of the region's most active\nbusiness and innovation hubs. The location combines commercial and retail\nbanking services in a 14,000 square foot facility.\n\nLocated at 13947 Minuteman Drive, Suite 175, the branch in Draper is now open\nfrom 9 a.m. to 5 p.m., Monday through Friday. Matt Quinney serves as Retail\nBranch Manager. Quinney previously led Columbia's South Jordan branch, which\nwas transitioned to the enhanced Draper location last month. The local team\nand bank leaders welcomed community members to a grand opening celebration on\nJuly 27.\n\n\"Columbia's retail and business banking teams in Draper bring deep local\nknowledge and a longstanding commitment to serving Utah families, businesses\nand nonprofit organizations,\" said Dave Hansen, Head of Retail Banking at\nColumbia. \"This new location gives us greater capacity to serve a growing\ncommunity while continuing to deliver the personal relationships and\nresponsive service that customers value.\"\n\nLearn more about Columbia Bank's growing Utah presence at\n https://www.columbiabank.com/locations/utah\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4753168-1&h=194262835&u=https%3A%2F%2Fwww.columbiabank.com%2Flocations%2Futah&a=https%3A%2F%2Fwww.columbiabank.com%2Flocations%2Futah)\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=4753168-1&h=2127294184&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=4753168-1&h=1886120499&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-utah-expansion-with-new-draper-commercial-office-and-retail-branch-302852570.html\n(https://www.prnewswire.com/news-releases/columbia-bank-continues-utah-expansion-with-new-draper-commercial-office-and-retail-branch-302852570.html)\n\nSOURCE Columbia Bank\n\n\n\nMedia Contact: Kurt Heath, 503.219.6124, KurtHeath@ColumbiaBank.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1705466/CB-Horizontal-Color-PNG-Logo-Logo.jpg?id=OA2888104\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7vN1r3a","title":"Columbia Bank Continues Utah Expansion with New Draper Commercial Office and Retail Branch","author":"PR Newswire","ticker":"COLB","created":"2026-08-18T18:00:00.412Z","tickers":["COLB"],"exchange":"NASDAQ","article_body":"Columbia Bank Continues Utah Expansion with New Draper Commercial Office and Retail Branch\n\nPR Newswire\n\nTACOMA, Wash.,, Aug. 18, 2026\n\nTACOMA, Wash.,, Aug. 18, 2026 /PRNewswire/ -- Columbia Bank (Columbia), a\nsubsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced\nthe opening of a new commercial office and retail branch in Draper, Utah.\nSituated 20 miles outside of Salt Lake City, the Draper location is the first\nof three new Columbia branches set to open in the Salt Lake City Metropolitan\nArea in 2026.\n\nColumbia has steadily expanded its Utah presence since entering the market in\n2022 with a commercial banking team led by Utah Market Director Jeff Thomas.\nIn addition to its commercial and industrial (C&I) banking teams, Columbia\nalso recently expanded its market capabilities with the addition of a Salt\nLake City-based commercial real estate group led by Steve Strong and David\nGriffin.\n\n\"Utah is one of the most dynamic commercial markets in the West, and the Salt\nLake City area represents an important connection point between our growing\nteams in the Mountain West and our broader footprint,\" said Clint Stein, CEO\nof Columbia Bank. \"With multiple new locations opening in the coming months,\nColumbia is deepening our investment in the market and strengthening our\nability to deliver the expertise and resources local businesses need to\nsucceed.\"\n\nContinued Utah Expansion\n\nColumbia Bank's Draper branch opening will be followed by two additional\nlocations in Pleasant Grove and the Sugar House neighborhood of Salt Lake\nCity. Together, the three branches will provide enhanced access to Columbia's\nfull range of commercial and retail capabilities, including consumer banking,\nC&I lending, commercial real estate lending, healthcare banking, home\nbuilder finance, treasury management, wealth management and commercial card\nservices.\n\n\"Columbia Bank is a great fit for Utah business owners who deeply value\naccessibility and responsiveness and want to work with a banking partner that\nunderstands their business and can grow alongside them,\" said Thomas. \"We are\neager to bring our local expertise and relationship-based service model to\nmore Utah businesses and communities as we continue building on our momentum\nsince entering the market.\"\n\nSouth Jordan Branch Moved to Expanded Draper Location\n\nLocated in Draper's Minuteman Office Plaza, the new branch sits along Utah's\nSilicon Slopes tech corridor, which is one of the region's most active\nbusiness and innovation hubs. The location combines commercial and retail\nbanking services in a 14,000 square foot facility.\n\nLocated at 13947 Minuteman Drive, Suite 175, the branch in Draper is now open\nfrom 9 a.m. to 5 p.m., Monday through Friday. Matt Quinney serves as Retail\nBranch Manager. Quinney previously led Columbia's South Jordan branch, which\nwas transitioned to the enhanced Draper location last month. The local team\nand bank leaders welcomed community members to a grand opening celebration on\nJuly 27.\n\n\"Columbia's retail and business banking teams in Draper bring deep local\nknowledge and a longstanding commitment to serving Utah families, businesses\nand nonprofit organizations,\" said Dave Hansen, Head of Retail Banking at\nColumbia. \"This new location gives us greater capacity to serve a growing\ncommunity while continuing to deliver the personal relationships and\nresponsive service that customers value.\"\n\nLearn more about Columbia Bank's growing Utah presence at\n https://www.columbiabank.com/locations/utah\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4753168-1&h=194262835&u=https%3A%2F%2Fwww.columbiabank.com%2Flocations%2Futah&a=https%3A%2F%2Fwww.columbiabank.com%2Flocations%2Futah)\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=4753168-1&h=2127294184&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=4753168-1&h=1886120499&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-utah-expansion-with-new-draper-commercial-office-and-retail-branch-302852570.html\n(https://www.prnewswire.com/news-releases/columbia-bank-continues-utah-expansion-with-new-draper-commercial-office-and-retail-branch-302852570.html)\n\nSOURCE Columbia Bank\n\n\n\nMedia Contact: Kurt Heath, 503.219.6124, KurtHeath@ColumbiaBank.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1705466/CB-Horizontal-Color-PNG-Logo-Logo.jpg?id=OA2888104\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-18T18:00:00.472757812Z","server_sent_at_ms":1787076000472},"received_at":"2026-08-18T18:00:00.523Z","source_url":"https://www.prnewswire.com/news-releases/columbia-bank-continues-utah-expansion-with-new-draper-commercial-office-and-retail-branch-302852570.html"},"analysis":{"id":"111078","press_release_id":"122094","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"Columbia Bank opened a new 14,000 square foot commercial office and retail branch in Draper, Utah, the first of three planned locations in the Salt Lake City metro area for 2026.\n\nThe new branch replaces the South Jordan location and is situated in the Silicon Slopes tech corridor, reflecting the bank's continued investment in the Utah market since entering in 2022.\n\nThe expansion includes new teams for commercial real estate lending alongside existing commercial and industrial banking capabilities.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine branch expansion in growth market; low material impact."},"keyFigures":{"customDimensions":{"square_footage":14000,"branches_opening_2026":3,"market_entry_year_utah":2022}},"quotedText":"Utah is one of the most dynamic commercial markets in the West, and the Salt Lake City area represents an important connection point between our growing teams in the Mountain West and our broader footprint","namedEntities":{"people":[{"name":"Jeff Thomas","role":"Utah Market Director"},{"name":"Steve Strong","role":"Commercial Real Estate Group Co-Leader"},{"name":"David Griffin","role":"Commercial Real Estate Group Co-Leader"},{"name":"Clint Stein","role":"CEO"},{"name":"Matt Quinney","role":"Retail Branch Manager"},{"name":"Dave Hansen","role":"Head of Retail Banking"}],"products":["commercial and industrial (C&I) banking","commercial real estate lending","healthcare banking","home builder finance","treasury management","wealth management","commercial card services"],"companies":[{"name":"Columbia Bank","ticker":"COLB","relationship":"subsidiary"},{"name":"Columbia Banking System, Inc.","ticker":"COLB","relationship":"parent company"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Routine branch expansion supporting established growth strategy in a new market; positive for long-term footprint but does not change near-term financial outlook."},"tickerRelevance":{"others":[],"primary":"COLB"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"routine_ops","sectorWeight":"financials"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Columbia Bank opened a new 14,000 square foot commercial office and retail branch in Draper, Utah, the first of three planned locations in the Salt Lake City metro area for 2026.\n\nThe new branch replaces the South Jordan location and is situated in the Silicon Slopes tech corridor, reflecting the bank's continued investment in the Utah market since entering in 2022.\n\nThe expansion includes new teams for commercial real estate lending alongside existing commercial and industrial banking capabilities.","key_figures":{"customDimensions":{"square_footage":14000,"branches_opening_2026":3,"market_entry_year_utah":2022}},"named_entities":{"people":[{"name":"Jeff Thomas","role":"Utah Market Director"},{"name":"Steve Strong","role":"Commercial Real Estate Group Co-Leader"},{"name":"David Griffin","role":"Commercial Real Estate Group Co-Leader"},{"name":"Clint Stein","role":"CEO"},{"name":"Matt Quinney","role":"Retail Branch Manager"},{"name":"Dave Hansen","role":"Head of Retail Banking"}],"products":["commercial and industrial (C&I) banking","commercial real estate lending","healthcare banking","home builder finance","treasury management","wealth management","commercial card services"],"companies":[{"name":"Columbia Bank","ticker":"COLB","relationship":"subsidiary"},{"name":"Columbia Banking System, Inc.","ticker":"COLB","relationship":"parent company"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-18T18:05:39.316Z","global_importance":20,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap","eventGravity":"routine_ops","sectorWeight":"financials"}},"durationMs":83528,"modelName":"glm-4.7"}}