An investigation for investors in NASDAQ:COLB shares was announced over potential breaches of fiduciary duties by certain Columbia Banking System directors.
Investors who purchased shares of Columbia Banking System Inc (NASDAQ:COLB) and currently hold any of those NASDAQ:COLB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Columbia Banking System directors breached their fiduciary duties and caused damage to the company and its shareholders.
Tacoma, WA based Columbia Banking System, Inc. is a bank holding company of Columbia State Bank (the Bank) and West Coast Trust Company, Inc.
Columbia Banking System Inc reported that its Net Income rose from $60.02 million in 2013 to $98.83 million in 2015.
Shares of Columbia Banking System Inc (NASDAQ:COLB) grew from $18.78 per share in early 2013 to as high as $45.13 per share in late 2016.
On February 23, 2017, NASDAQ:COLB shares closed at $41.24 per share.
Those who purchased NASDAQ:COLB shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com