Columbia Bancorp, headquartered in The Dalles, Oregon, is the bank holding company for its subsidiary, Columbia River Bank. Columbia River Bank is a community bank serving businesses, professionals and individuals through services including checking and savings, credit and debit cards, consumer loans, HSAs, CDs, IRAs, business equipment leasing, agricultural loans, merchant card services and investment products and services.
Columbia Bancorp (Nasdaq: CBBO), the bank holding company for Columbia River Bank (the "Bank"), today announced that on Friday, January 22, 2010, Columbia River Bank, the wholly-owned subsidiary of Columbia Bancorp, was closed by the State of Oregon, Oregon Department of Consumer and Business Services Division of Finance and Corporate Securities, and the Federal Deposit Insurance Corporation (the "FDIC") was appointed as receiver of the Bank.