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COLUMBIA BANKING SYSTEM REPORTS NEW EXPANSION TALKS

 BELLEVUE, Wash., Feb. 4 /PRNewswire/ -- Columbia Banking System Inc. (NASDAQ: COLB) today announced it is considering a major expansion into Pierce County.
 "The timing and structure of any such expansion are not yet determined," said Arnold G. Espe, chairman of Columbia Banking System. "We are very intrigued with this possibility since we think the Pierce County market has a great deal of potential. We also believe there is a significant opportunity for a community-oriented, customer service driven bank to be headquartered in Tacoma."
 Columbia Banking System Inc. operates Columbia Bank, FSB, with four offices in western Washington: two in Longview, one in Woodland and one in Bellevue. Columbia First Service, the bank's mortgage subsidiary, began operations last May in Bellevue and now, after acquiring Drake Mortgage, has additional offices in Longview and Seattle. Columbia Bank recently announced plans to acquire Columbia National Bank, a small commercial bank headquartered in southwest Washington.
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 /CONTACT: Gayle Cloud of Cloud Public Relations, 206-453-5583, for Columbia Banking System; or Arnold G. Espe, chairman, 206-646-5370, or J. Mike Dunn, vice president, director of marketing, 206-646-5373, or evenings, 206-488-4874, both of Columbia Banking System/
 (COLB)


CO: Columbia Banking System Inc. ST: Washington IN: FIN SU:

SW -- SE006 -- 3218 02/04/93 17:11 EST
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Publication:PR Newswire
Date:Feb 4, 1993
Words:211
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