-----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, L06kmO8IF4L19YSm7/qGiGWynuSF1pej5xmoAG9ZMT9k28Hn3OQ2GHteQBqL37Ua 3nl+2M2/TlntyqwVf19aRA== 0001072613-02-001033.txt : 20020702 0001072613-02-001033.hdr.sgml : 20020702 20020702161416 ACCESSION NUMBER: 0001072613-02-001033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020701 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020702 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: 02695160 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_11343.txt COLUMBIA BANKING SYSTEM, INC. FORM 8-K ================================================================================ 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: July 1, 2002 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 JULY 1, 2002 ITEM 5. OTHER EVENTS - --------------------- Columbia Banking System, Inc. announced it has accepted the resignation of J. James Gallagher as Vice Chairman and Chief Executive Officer of Columbia Banking System, Inc. and Vice Chairman of Columbia State Bank. A copy of Columbia's News Release containing the announcements 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 July 1, 2002. 2 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. (Registrant) Date: July 2, 2002 By: /s/ William T. Weyerhaeuser ------------------------------- William T. Weyerhaeuser Interim Chief Executive Officer 3 EX-99 3 ex-99_11343.txt PRESS RELEASE EXHIBIT 99 ---------- FOR IMMEDIATE RELEASE --------------------- JULY 1, 2002 Contacts: William T. Weyerhaeuser, Chairman (253) 272-8336 Melanie J. Dressel, President and Chief Operating Officer (253) 305-1911 COLUMBIA BANKING SYSTEM, INC. ANNOUNCES CHANGE IN EXECUTIVE MANAGEMENT TACOMA, WA - The Board of Directors of Columbia Banking System, Inc. (CBSI) and its principal subsidiary, Columbia Bank, announced today that they have accepted the resignation of J. James Gallagher, 63, as Vice Chairman and Chief Executive Officer of the holding company and Vice Chairman of Columbia Bank. Mr. Gallagher has agreed to serve as a consultant for the Company. William T. Weyerhaeuser, a director of the Company since 1998 and the Chairman of the Board since 2001, will assume the position of interim Chief Executive Officer of CBSI. Mr. Weyerhaeuser also is Chairman of the Board of EDEN Bioscience Corporation and a director of Potlach Corporation, a forest products company. He is the former Chairman of Comerco, Inc., a holding company for the Yelm Telephone Company; and Rock Island Company, a private investment company. Melanie Dressel will continue as President and Chief Executive Officer of the Bank and President and Chief Operating Officer of CBSI. Hal Russell, Don Hirtzel and Tex Whitney will continue to lead the credit, commercial and retail functions of the Bank, and Gary Schminkey will continue as Chief Financial Officer. "We are indebted to Jim for his valuable service to the Company during the past four years and wish him the best," said Bill Weyerhaeuser. "We are very pleased that Jim has agreed to provide his guidance and expertise as a consultant for the organization. We look forward to leading CBSI and the Bank into our next phase, as we continue to focus on improving earnings and credit quality and providing exceptional customer service." Columbia is a Tacoma-based bank holding company whose wholly owned subsidiary is Columbia Bank, a Washington state-chartered, full-service commercial bank, with 35 banking offices in Pierce, King, Cowlitz, Kitsap and Thurston counties. Columbia's common stock trades on the Nasdaq Stock Market (NSM) under the symbol COLB. # # # NOTE REGARDING FORWARD-LOOKING STATEMENTS This 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 1 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 and potential similar future events, 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; or (6) legislation or regulatory requirements or changes adversely affect the businesses in which Columbia is engaged. 2 -----END PRIVACY-ENHANCED MESSAGE-----