Melanie Dressel, President and Chief Executive Officer of Columbia Banking System and Columbia Bank, said today upon the release of Columbia’s third quarter 2015 earnings, “The balance sheet growth combined with our ongoing efforts to increase noninterest income and curb expenses resulted in record net income for the quarter. The Pacific Northwest economy continues to be favorable for businesses as evidenced by our record loan production and outstanding deposit growth during the third quarter. Our bankers have worked diligently to grow loans and increase core deposits, resulting in a relatively stable operating net interest margin despite the prolonged low interest rate environment.”
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