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Saturday, February 5, 2011
Columbia Banking System Announces Increased Earnings for Fourth Quarter and Full Year 2010
Highlights -- Fourth quarter 2010: Net income of $12.6 million, or $0.32 per diluted common share, compared to net income applicable to common shareholders of $447 thousand, or $0.02 per diluted common share, for 4th quarter 2009 -- Full year 2010: Net income applicable to common shareholders of $25.8 million, or $0.72 per diluted common share, compared to a net loss of $8.4 million for the year 2009, or $0.38 per diluted common share for full year 2009 -- Maintains very strong capital and liquidity measures -- Exceptional core deposits at 90% of total deposits -- Branch network of 84 branches in Washington and Oregon, up 62% from year-end 2009 -- Recognized as one of...
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