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Columbia Banking System, Inc. ("Columbia") (NASDAQ:COLB), the parent company of Columbia Bank, today announced that Ronald Farnsworth will step down as Executive Vice President, Chief Financial Officer, effective December 31, 2025. Farnsworth has served as Columbia's Chief Financial Officer since March 2023 and previously served as Executive Vice President, Chief Financial Officer of Umpqua Holdings Corporation and Umpqua Bank from 2008 until its merger with Columbia in 2023. Farnsworth will serve as an advisor to the Company through June 1, 2026, to ensure a smooth transition.
Ivan Seda, Columbia's Deputy Chief Financial Officer, will succeed Farnsworth as Chief Financial Officer, effective December 31, 2025. Prior to joining Columbia in August 2025, Seda held several financial executive roles, including as Chief Financial Officer at Union Bank and Head of Financial Planning & Analysis and Head of Corporate Finance and Strategy – Americas at MUFG. Most recently, Seda was Deputy Chief Financial Officer at BECU.
Posted In: COLB
