Columbia Bancorp Announces Dividend.THE DALLES, Ore.--(BUSINESS WIRE)--Dec. 21, 1998--Columbia Bancorp (Nasdaq:CBBO) board of directors declared a $.06 per share quarterly dividend payable Feb. 1, 1999, to shareholders of record Jan. 15, 1999. Columbia Bancorp recently completed a stock offering of 1 million newly issued shares of common stock on Nov. 12, 1998. Columbia Bancorp is a two-bank holding company that owns Columbia River Bank and Valley Community Bank. Columbia River Bank has branches in The Dalles, Hood River, Madras Madras. 1 State and former province, India: see Tamil Nadu. 2 City, India: see Chennai., Redmond, Bend and Hermiston, Oregon; and in Goldendale and White Salmon, Washington. The bank provides mortgage lending through Columbia River Bank Mortgage Group and brokerage services through its affiliation with PrimeVest Financial Service, Inc. Valley Community Bank is based in McMinnville McMinnville, city (1990 pop. 17,894), seat of Yamhill co., NW Oreg.; inc. 1876. It is a trade and processing center in the fertile Willamette valley. Foods, textiles, and building materials are produced, and there are wineries. Linfield College is in McMinnville. In 1992 the city acquired the "Spruce Goose," the 200-ton (180-metric-ton) wooden aircraft with a wingspan of 320 ft (97.6 m) built by Howard Hughes during World War II., Oregon. |
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