Columbia Banking System ( (COLB) ) has issued an announcement.
In August 2020, a class action complaint was filed against Umpqua Bank, a subsidiary of Columbia Banking System, alleging its involvement in the failure of two real estate investment companies. A mistrial was declared in March 2025, and a proposed settlement of $55 million was filed later that month, pending court approval and expected to be funded by early 2026.
More about Columbia Banking System
Columbia Banking System, Inc. operates in the financial services industry, primarily through its bank subsidiary, Umpqua Bank. The bank offers a range of banking services and has a significant market presence in Marin County, California, following its acquisition of Circle Bank in 2012.
YTD Price Performance: -3.79%
Average Trading Volume: 1,479,013
Technical Sentiment Signal: Sell
Current Market Cap: $5.36B
See more insights into COLB stock on TipRanks’ Stock Analysis page.