Columbia Bancorp, the financial holding company for Columbia River Bank, disclosed Monday its long-range plans for expansion into the Vancouver market. The bank has entered into a lease agreement for downtown office space in the Vancouvercenter building at 700 Washington St. The office will be occupied by Columbia River Bank’s executive team for the purpose of expanding and building the future presence of Columbia River Bank within the Vancouver marketplace.
"Clark County is the fastest growing county in Washington," said Roger Christensen, CEO and President of Columbia Bancorp in a statement. "The population has doubled in the past 20 years. This market is very attractive and is a good place for us to further expand our footprint." According to Christensen, the company will set up several bank branch locations and will expand some of its administrative support operation into Vancouver, complementing the company’s headquarters in The Dalles, Ore. The company’s headquarters will remain in The Dalles, although the executive team will split their time between Vancouver and The Dalles.
Columbia Bancorp is the financial holding company for Columbia River Bank, which operates 20 branches in Washington and Oregon.
