Columbia Bancorp Listed as Top Performing Bank.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)--June 20, 2003 Columbia Bancorp (Nasdaq:CBBO) today announced recognition in the June 2003 ranking by Independent Banker magazine, which listed 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 in the national Top 20 category of top performing banks. An annual performance ranking completed by the Independent Banker magazine identifies the top 20 best performing community banks based on their ROA ROA See: Return on assets ROA See: Right of accumulation ROA See return on assets (ROA). (Return on Assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). ) and ROE (Return on Equity). The banks are separated by their corporate filing status and then further separated into different categories according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. asset size. Columbia River Bank was analyzed with Subchapter C banks between $500 million and $1 billion in assets, ranked 8th (for 2002) in ROA of 1.86 and 12th (for 2002) in ROE of 19.69. Another article published in The Seattle Times on Friday, June 6, 2003, titled "Welcome to the 12th Annual Northwest 100" which is a yearly test of growth and shareholder return among public companies based in the Pacific Northwest, ranked Columbia Bancorp as number eight (8). The ranking recognizes the best growth over two years in sales, market value, number of employees and return on average equity. "We feel very fortunate to be listed among these high performing companies," states Roger Christensen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Columbia Bancorp. "The placement among these rankings reflects the strong commitment and dedication by our employees to be a high performing bank." ABOUT COLUMBIA BANCORP Columbia Bancorp (www.columbiabancorp.com) is the financial holding company for Columbia River Bank, which operates 17 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 (3), Madras, Redmond, Pendleton, Hermiston, McMinnville (3), Canby and Newberg, Oregon, 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 affiliation with CRB CRB See: Commodity Research Bureau. Financial Services. Forward-looking statements with respect to the financial condition, results of operations and the business of Columbia 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, Columbia's ability to manage new and acquired branches, the impact of competition on revenues and margins, and other risks and uncertainties, including statements relating to the year 2003, as may be detailed from time to time in Columbia's public announcements and filings with the SEC. 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 release, other than in its periodic filings with the SEC, or to reflect the occurrence of unanticipated events. |
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