Melanie Dressel, President and Chief Executive Officer of Columbia Banking System and Columbia Bank (NASDAQ: COLB (“Columbia”) said today upon the release of Columbia's fourth quarter 2013 earnings, “Our results for the quarter reflect the positive impact we expected the West Coast merger to have on our financial performance.
After only three quarters we have exceeded our earnings accretion estimate for the first full year. Loan originations have been strong throughout our entire footprint and continued to build in each successive quarter of 2013, achieving record production during the fourth quarter. I'm also pleased that our bankers continue to build relationships that result in continued core deposit growth.”
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