Melanie Dressel, President and Chief Executive Officer of Columbia Banking System and Columbia Bank, said upon the release of Columbia's first quarter 2014 earnings, “Our results for the quarter reflect continued strong loan production throughout our footprint.
This is the second consecutive quarter with over $200 million in new loan originations. It is encouraging to see more of our loan production translating to net bottom line portfolio growth. In addition, our integration of West Coast is essentially complete. Due in part to the accelerated implementation of our cost savings measures, we are ahead of schedule for achieving the full benefit of our projected accretion to earnings during the first full year following the acquisition."
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