Columbia Bancorp Announces Block Purchase of Stock.Business Editors THE DALLES dalles pl.n. The rapids of a river that runs between the steep precipices of a gorge or narrow valley. [French, pl. of dalle, gutter, from Old French, from Old Norse dæla.] , Ore.--(BUSINESS WIRE)--Nov. 21, 2002 Columbia Bancorp (Nasdaq:CBBO), the Board of Directors of Columbia Bancorp ("Columbia") approved the purchase of a block of Columbia Common Stock on November 15, 2002. The block consists of 328,422 shares, to be purchased at a price of $12.25 per share, for a total purchase price of $4,023,169.50. The purchase will be consummated on or before November 26, 2002. D. A. Davidson & Co. is acting as broker on behalf of the seller, the Estate of the late George Layman. Columbia authorized the repurchase because it believes that the present market price of its Common Stock does not accurately represent Columbia's underlying value, and that the purchase constitutes a sound investment use of Columbia's funds. Columbia Bancorp (www.columbiabancorp.com) is the financial holding company for Columbia River Columbia River River, southwestern Canada and northwestern U.S. Rising in the Canadian Rockies, it flows through Washington state, entering the Pacific Ocean at Astoria, Ore.; it has a total length of 1,240 mi (2,000 km). Bank, which operates 16 branches located in The Dalles (2), Hood River The Hood River is a tributary of the Columbia River in northwestern Oregon in the United States. Approximately 25 mi (40 km) long from its mouth to its farthest headwaters on the East Fork, the river descends from wilderness areas in the Cascade Range on Mount Hood and flows , Bend (2), Madras Madras. 1 State and former province, India: see Tamil Nadu. 2 City, India: see Chennai. , Redmond, Pendleton, Hermiston, McMinnville (3), Canby and Newberg, Oregon Newberg is a city in Yamhill County, Oregon, United States. A tradition holds that this town was named by its first postmaster, Sebastian Brutscher, for his former hometown of Neuberg in Germany. One of the current streets, Brutscher Street, is named after him. , and in Goldendale and White Salmon, Washington White Salmon is a census-designated place (CDP) in Klickitat County, Washington, United States. The population was 2,193 at the 2000 census. History White Salmon was officially incorporated on June 3, 1907. . To supplement its community banking services, Columbia River Bank also provides mortgage-lending services through its Columbia River Bank Mortgage Group and brokerage services through its affiliations CRB CRB See: Commodity Research Bureau. Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . In addition, Columbia Bancorp's news releases, 10-Qs and 10-Ks for the last twelve months are available via Fax-on-Demand. Call 800/683-0074 to request documents. This Press Release may contain forward-looking statements with respect to the financial condition, results of operations and the business of Columbia and its subsidiaries, which are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in such statements. These include, without limitation, the local economic climate, the impact of competition on revenues and margins, and other risks and uncertainties as may be detailed from time to time in public announcements. Forward-looking statements can be identified by the use of forward-looking terminology, such as ``may'', ``will'', ``should'', ``expect'', ``anticipate'', ``estimate'', ``continue'', ``plans'', ``intends'', or other similar terminology. Columbia does not intend to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this Press Release, or to reflect the occurrence of unanticipated events. |
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