Tacoma-based Columbia Banking System Inc. plans to sell up to $225 million in stock, according to a filing this week with the Securities Exchange Commission.
The parent company of Columbia State Bank, which operates a Vancouver branch, says it may sell shares all at once or in multiple offerings. The proceeds will be used for unspecified “general corporate purposes,” such as repaying debt, making additions to working capital or funding future acquisitions, according to the SEC filing.
