Columbia Bank announces new Vancouver branch

The search for a ground floor tenant for the nearly-completed Al Angelo building in downtown Vancouver is over.

Tacoma-based Columbia Bank will open a new banking and investment branch at the Angelo site at 400 Mill Plain Center, builder Craig Angelo of Angelo Construction Co. announced Thursday at Vancouver Business Journal's Top Project awards.

The location will be the first Vancouver branch for the bank, which operates in Washington as Columbia Bank and as Astoria Bank in Oregon, with a combined $3 billion in deposits. An investment arm, CB Financial, will also be housed at the site.

"This new branch is integral to our company's future, and helps to plug the gap between our locations in Woodland and Portland," said Columbia Bank Regional Manager and longtime Clark County resident Mark Brandon. "It's a win for everyone."

Founded in 1988 as First Federal Corporation, what has become today's Columbia Bank grew from just four branches in 1993, to 55 branches in 2007.

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