Columbia Banking System appointed Randy Lund to its Board of Directors

– USA, WA – Columbia Banking System, Inc. (NASDAQ:COLB) today announced the appointment of Randy Lund to its Board of Directors. Mr. Lund’s appointment is effective July 26, 2017.

“We are delighted to welcome Randy to our board of directors,” said Mr. Weyerhaeuser. “We are fortunate to add someone with his demonstrated commitment to the economic success of our region, expertise from the financial services industry and with evident community leadership. We look forward to the contribution Randy will make to Columbia.”

Randy Lund has extensive accounting and operational experience with public companies. Mr. Lund’s deep expertise includes the auditing and governance of public companies and regulation of auditors of public companies across several industries, including manufacturing, transportation, automotive and semiconductors. Mr. Lund served as a partner for 37 years with KPMG, one of the world’s leading professional services firms and the fastest growing Big Four accounting firm in the United States. In his role as partner, Mr. Lund was responsible for the audits of financial statements for a wide variety of companies, participated in the development and execution of audit methodology and application of generally accepted accounting principles. He led a number of clients in their initial public offering, secondary offerings and debt offerings, as well as accounting for mergers and acquisitions. Mr. Lund holds vast experience on the application of US GAAP and IFRS for a wide range of issues, including revenue recognition, stock compensation, income taxes, complex debt and equity transactions and acquisition accounting among others. He has held frequent meetings with audit committees and Securities and Exchange Commission Regulators discussing various issues; reviewed and assessed company internal controls and corporate governance functions; designated IFRS partner to serve on IFRS engagements; and served as SEC reviewing/engagement quality control review partner for a wide variety of clients, including Fortune 500 companies.

A resident of Portland, Ore., Mr. Lund earned a B.S. in Accounting from Montana State University. He is a retired CPA in Oregon, a member of American Institute of Certified Public Accountants and a past member of the Oregon Society of Certified Public Accountants, where he was previously a board member. He currently serves as a member of the business advisory committee for Regional Arts and Culture Council in Portland and community member of the Pacific NW College of Art Finance Committee. He was previously involved with the Software Association of Oregon for a number of years, including five years on its Board.

About Columbia

Headquartered in Tacoma, Washington, Columbia Banking System, Inc. is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with locations throughout Washington, Oregon and Idaho. For the eleventh consecutive year, the bank was named in 2017 as one of Puget Sound Business Journal’s “Washington’s Best Workplaces.” Columbia ranked in the top 30 on the 2017 Forbes list of best banks for the fifth year in a row.

For more information : http://www.columbiabank.com

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