COLUMBIA BK SYS (COLB) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of COLUMBIA BK SYS (COLB) from OUTPERFORM to NEUTRAL on March 28, 2013, with a target price of $22.80.

Columbia Banking System, Inc. is a registered bank holding company whose wholly owned subsidiary, Columbia State Bank,conducts a full-service commercial banking business. Headquartered in Tacoma, Washington, the Company provides a full range of banking services to small and medium-sized businesses, professionals and other individuals through banking offices located in the Tacoma metropolitan area and contiguous parts of the Puget Sound region of Washington, as well as the Longview and Woodland communities in southwestern Washington.

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