-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SeMPFjw3qh9k29txSHOYvXR7TZpOuK3jOVeBLtEeIRGpAncvNrpAXVyznESvur8H ULmTe53CmvXyGNx4p8KzEw== 0001072613-01-501171.txt : 20020412 0001072613-01-501171.hdr.sgml : 20020412 ACCESSION NUMBER: 0001072613-01-501171 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011113 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA BANKING SYSTEM INC CENTRAL INDEX KEY: 0000887343 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 911422237 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20288 FILM NUMBER: 1800385 BUSINESS ADDRESS: STREET 1: 1102 BROADWAY PLAZA CITY: TACOMA STATE: WA ZIP: 98402 BUSINESS PHONE: 2533051900 MAIL ADDRESS: STREET 1: 1102 BROADWAY PLAZA CITY: TACOMA STATE: WA ZIP: 98402 8-K 1 form8-k_10933.txt FORM 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 13, 2001 COLUMBIA BANKING SYSTEM, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) WASHINGTON ---------------------------------------------- (State or other jurisdiction of incorporation) 0-20288 91-1422237 - ------------------------ --------------------------------- (Commission File Number) (IRS Employer Identification No.) 1301 A STREET TACOMA, WA 98402 --------------------------------------------------- (Address of principal executive offices) (Zip Code) (253) 305-1900 ---------------------------------------------------- (Registrant's telephone number, including area code) ================================================================================ FORM 8-K COLUMBIA BANKING SYSTEM, INC. TACOMA, WASHINGTON NOVEMBER 27, 2001 ITEM 5. OTHER EVENTS - --------------------- Columbia Banking System, Inc. announced today that it has completed its stock repurchase program originally announced on August 9, 2001. A copy of Columbia's News Release containing the announcement is attached as an exhibit to this report. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS - ------------------------------------------ (a) Financial statements - not applicable (b) Pro forma financial information - not applicable (c) Exhibits: News Release issued by Columbia Banking System, Inc. dated November 27, 2001 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. COLUMBIA BANKING SYSTEM, INC. Date: November 27, 2001 By: /s/ J. James Gallagher -------------------------- J. James Gallagher Chief Executive Officer 2 EX-99.1 3 news_release.txt NEWS RELEASE DATED NOVEMBER 27, 2001 FOR IMMEDIATE RELEASE --------------------- NOVEMBER 27, 2001 Contacts: J. James Gallagher, Chief Executive Officer (253) 305-0604 Gary R. Schminkey, Executive Vice President and Chief Financial Officer (253) 305-1966 COLUMBIA BANKING SYSTEM, INC. ANNOUNCES COMPLETION OF ITS STOCK REPURCHASE PROGRAM TACOMA, WA - Columbia Banking System, Inc., the holding company of Columbia State Bank, announced today that it has completed its stock repurchase began in August 2001. The Company repurchased 660,000 shares of its common stock, or approximately 5% of its outstanding shares, for a total repurchase price of $8.96 million. All repurchases were completed as of November 13, 2001. "The share repurchase program shows the confidence we have in our future and in our ability to enhance shareholder value over the long-term," said J. James Gallagher, the Company's chief executive officer. Columbia is a Tacoma-based bank holding company whose wholly owned subsidiary is Columbia State Bank, a Washington state-chartered, full-service commercial bank, with 32 banking offices in Pierce, King, Cowlitz, Kitsap and Thurston counties. Columbia's common stock trades on the Nasdaq Stock Market (NMS) under the symbol COLB. # # # NOTE REGARDING FORWARD-LOOKING STATEMENTS THIS NEWS RELEASE INCLUDES FORWARD LOOKING STATEMENTS, WHICH MANAGEMENT BELIEVES ARE A BENEFIT TO SHAREHOLDERS. THESE FORWARD LOOKING STATEMENTS DESCRIBE COLUMBIA'S MANAGEMENT'S EXPECTATIONS REGARDING FUTURE EVENTS AND DEVELOPMENTS SUCH AS FUTURE OPERATING RESULTS, GROWTH IN LOANS AND DEPOSITS, CONTINUED SUCCESS OF COLUMBIA'S STYLE OF BANKING AND THE STRENGTH OF THE LOCAL ECONOMY. THE WORDS "WILL," "BELIEVE," "EXPECT," "SHOULD," AND "ANTICIPATE" AND WORDS OF SIMILAR CONSTRUCTION ARE INTENDED IN PART TO HELP IDENTIFY FORWARD LOOKING STATEMENTS. FUTURE EVENTS ARE DIFFICULT TO PREDICT, AND THE EXPECTATIONS DESCRIBED ABOVE ARE NECESSARILY SUBJECT TO RISK AND UNCERTAINTY THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY AND ADVERSELY. IN ADDITION TO DISCUSSIONS ABOUT RISKS AND UNCERTAINTIES SET FORTH FROM TIME TO TIME IN COLUMBIA'S FILINGS WITH THE SEC, FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY SUCH FORWARD LOOKING STATEMENTS INCLUDE, AMONG OTHERS, THE FOLLOWING POSSIBILITIES: (1) LOCAL AND NATIONAL GENERAL AND ECONOMIC CONDITIONS, INCLUDING THE IMPACT OF THE EVENTS OF SEPTEMBER 11, 2001, ARE LESS FAVORABLE THAN EXPECTED OR HAVE A MORE DIRECT AND PRONOUNCED EFFECT ON COLUMBIA THAN EXPECTED AND ADVERSELY AFFECT COLUMBIA'S ABILITY TO CONTINUE ITS INTERNAL GROWTH AT HISTORICAL RATES AND MAINTAIN THE QUALITY OF ITS EARNING ASSETS; (2) CHANGES IN INTEREST RATES REDUCE INTEREST MARGINS MORE THAN EXPECTED AND NEGATIVELY AFFECT FUNDING SOURCES; (3) PROJECTED BUSINESS INCREASES FOLLOWING STRATEGIC EXPANSION OR OPENING OR ACQUIRING NEW BRANCHES ARE LOWER THAN EXPECTED; (4) COSTS OR DIFFICULTIES RELATED TO THE INTEGRATION OF ACQUISITIONS ARE GREATER THAN EXPECTED; (5) COMPETITIVE PRESSURE AMONG FINANCIAL INSTITUTIONS INCREASES SIGNIFICANTLY; (6) LEGISLATION OR REGULATORY REQUIREMENTS OR CHANGES ADVERSELY AFFECT THE BUSINESSES IN WHICH COLUMBIA IS ENGAGED. -----END PRIVACY-ENHANCED MESSAGE-----