Columbia Bank in Utah: Expansion, Accounts and Loan Services

Columbia Bank Overview

Columbia Bank is a regional financial institution headquartered in Lake Oswego, Oregon, serving individuals, businesses, and commercial clients across the western United States. The bank operates as a subsidiary of Columbia Banking System, Inc., headquartered in Tacoma, Washington. Its current identity reflects the combination of Columbia Bank and Umpqua Bank’s historical operations, following a major corporate merger in 2023 and the transition from the Umpqua Bank name to Columbia Bank in 2025.

With a network spanning 8 western states, Columbia Bank provides personal checking and savings accounts, certificates of deposit, credit cards, consumer loans, mortgages, commercial lending, and business banking services. In Utah, the bank has expanded its presence through commercial banking operations and physical locations in Draper and Pleasant Grove, offering financial services to individuals and businesses in the Salt Lake City metropolitan area and Utah County.

History

Columbia Bank’s history reflects the combination of 2 established Pacific Northwest banking institutions. Umpqua Bank, founded in 1953 in Roseburg, Oregon, expanded across the western United States, while the former Columbia Bank, based in Washington, developed its own regional banking network. In 2023, their parent companies, Umpqua Holdings Corporation and Columbia Banking System, Inc., completed a merger. The former Columbia Bank merged into Umpqua Bank, which continued operating under the Umpqua name, with Columbia Banking System as its parent company.

In 2025, Umpqua Bank officially changed its name to Columbia Bank, followed by the acquisition of Pacific Premier Bancorp, expanding the organization’s presence across western markets. Today, Columbia Bank operates as a subsidiary of Columbia Banking System, Inc., headquartered in Tacoma, Washington, while the bank maintains its corporate headquarters in Lake Oswego, Oregon. The institution operates across 8 western states, providing personal banking, commercial lending, treasury management, and wealth management services.

Expansion in Utah

Columbia Bank entered Utah in 2022, initially focusing on commercial banking and business lending. Operating under the Umpqua Bank name, it subsequently established a retail banking presence in South Jordan in 2023. As its Utah operations expanded, the bank added commercial real estate lending, treasury management, and specialized business banking services.

In 2026, Columbia Bank relocated its South Jordan operations to a larger retail branch and commercial office in Draper, located at 13947 Minuteman Drive, Suite 175. The bank also operates a FinancialHub in Pleasant Grove, at 2067 W Pleasant Grove Boulevard. A third location, the Sugar House FinancialHub at 904 E 2100 South in Salt Lake City, is scheduled to open in 2026.

Columbia Bank Products and Services

Columbia Bank offers a range of personal and business financial products and services, including:

• Checking Accounts: Personal checking options for everyday banking and money management.
• Savings Accounts: Traditional savings, money market accounts, and certificates of deposit (CDs).
• Credit Cards: Consumer credit cards for purchases, rewards, and credit management.
• Loans: Personal loans, vehicle financing, and lines of credit.
• Mortgages and Home Equity: Home purchase loans, refinancing, and home equity financing.
• Business Banking: Business checking and savings accounts, credit cards, and commercial lending.
• Treasury Management: Cash management, payment processing, and business financial solutions.
• Digital Banking: Online and mobile banking, mobile check deposits, bill payments, and transfers.
• Wealth Management: Investment, financial planning, and related advisory services.

columbiabank.com | Products and Services

Checking Accounts at Columbia Bank

Columbia Bank offers checking accounts designed for different banking needs, from basic everyday transactions to interest-bearing accounts with additional benefits. All 3 accounts include debit card access, online and mobile banking, bill pay, mobile check deposits, and account management tools.

Columbia Foundation Checking

Columbia Foundation Checking is a basic checking account designed for individuals who are new to banking or want straightforward account management.

• Minimum Opening Deposit: $25.
• Monthly Maintenance Fee: $3, waived for qualifying account holders under age 18 and eligible military participants.
• Minimum Balance: No ongoing minimum balance requirement.
• Key Features: No overdraft fees and Bank On certification.

Columbia Embark Checking

Columbia Embark Checking is an everyday checking account with no monthly maintenance fee and access to selected ATM and savings benefits.

• Minimum Opening Deposit: $25.
• Monthly Maintenance Fee: $0.
• Paper Statement Fee: $3 monthly, waived with paperless statements or when the primary account owner is age 62 or older.
• Key Features: Up to $10 in ATM-owner fee rebates per statement cycle with a $2,500 average monthly balance, plus one complimentary Grow Savings account when monthly transfer requirements are met.

Columbia Pinnacle Checking

Columbia Pinnacle Checking is an interest-bearing checking account designed for customers maintaining higher balances who want additional banking benefits.

• Minimum Opening Deposit: $200.
• Monthly Maintenance Fee: $20, waived with a $15,000 minimum daily balance or $25,000 in eligible combined deposit and loan balances.
• Key Features: Interest earnings, up to $25 in ATM-owner fee rebates per statement cycle, complimentary incoming wire transfers, and a Platinum Debit Card.
• Additional Benefits: Up to 5 complimentary Grow Savings or Thrive Money Market accounts, complimentary cashier’s checks, and no international debit-card processing fees.

Savings Accounts at Columbia Bank

Columbia Bank offers interest-bearing savings and money market accounts for short-term savings, financial goals, and larger deposit balances. Its primary options include Grow Savings, Thrive Money Market, and Prosper Money Market, with online and mobile banking access.

Grow Savings

Grow Savings is a traditional savings account designed for everyday saving with a low opening deposit.

• Minimum Opening Deposit: $25.
• Monthly Maintenance Fee: $3.
• Fee Waiver: Maintain a $200 minimum daily balance, make a qualifying monthly transfer from a Columbia personal deposit account, or qualify through age-based or eligible military benefits.
• Key Features: Interest earnings and complimentary deposits.

Thrive Money Market

Thrive Money Market is an interest-bearing account designed for customers who want to maintain accessible savings while earning interest.

• Minimum Opening Deposit: $100.
• Monthly Maintenance Fee: $10.
• Fee Waiver: Maintain a $1,000 minimum daily balance or qualify through a linked Pinnacle Checking account.
• Key Features: Interest earnings and ATM access.

Prosper Money Market

Prosper Money Market is designed for customers maintaining larger savings balances who want an interest-bearing account with balance-based fee waivers.

• Minimum Opening Deposit: $100.
• Monthly Maintenance Fee: $15.
• Fee Waiver: Maintain a $10,000 minimum daily balance or $25,000 in eligible combined account balances.
• Key Features: Interest earnings and ATM access.

Certificates of Deposit at Columbia Bank

Columbia Bank offers certificates of deposit (CDs) for individuals who want to earn interest over a fixed period. The bank provides several term options, including standard and retirement CDs, with a $1,000 minimum opening deposit for standard certificates and no monthly maintenance fees.

Standard Certificates of Deposit

Columbia Bank CDs allow customers to deposit funds for a specified term while earning interest.

• Available Terms: Multiple options, including 12-month and 24-month CDs.
• Minimum Opening Deposit: $1,000.
• Monthly Maintenance Fee: $0.
• Early Withdrawal: Penalties may apply when funds are withdrawn before maturity.

IRA Certificates of Deposit

IRA CDs combine certificate-based savings with the tax advantages available through qualifying individual retirement accounts.

• Minimum Opening Deposit: Generally $1,000.
• Available Terms: Various terms based on the selected certificate.
• Additional Contributions: Eligible IRA CDs may accept additional deposits of at least $500.
• Early Withdrawal: Bank penalties and applicable IRA tax rules may apply.

Credit Cards at Columbia Bank

columbiabank.com | Credit Cards

Columbia Bank offers consumer credit cards through Elan Financial Services, with options for earning cash back, travel rewards, everyday purchases, and building credit. Available cards include mobile payment capabilities, fraud protection, and 24/7 cardmember service.

Everyday Rewards+ Card

Best for: Everyday purchases, including dining, groceries, and gas.

• Annual Fee: $0.
• Rewards: 4X points on dining purchases, up to $2,000 per quarter; 2X points on eligible groceries, gas, EV charging, and streaming; 1X on other eligible purchases.

Max Cash Preferred Card

Best for: Cash-back rewards in selected spending categories.

• Annual Fee: $0.
• Rewards: 5% cash back in 2 selected categories on the first $2,000 in combined quarterly purchases, 2% in one everyday category, and 1% on other eligible purchases.

Travel Rewards+ Card

Best for: Travel, entertainment, and recreational spending.

• Annual Fee: $99, waived for the first 12 months.
• Rewards: 4X points on eligible travel, gas, EV charging, entertainment, and recreation; 1.5X on other eligible purchases.
• Key Features: Priority Pass Select airport lounge membership.

Reserve Rewards+ Card

Best for: Premium travel benefits and higher-value reward opportunities.

• Annual Fee: $390.
• Rewards: 6X points on eligible prepaid travel booked through the Rewards Center and 2X on other eligible purchases.
• Key Features: Priority Pass Select airport lounge membership.

College Real Rewards Card

Best for: Students establishing credit while earning rewards.

• Annual Fee: $0.
• Rewards: 1.5X points on eligible purchases.
• Key Features: Digital wallet compatibility and flexible reward redemption options.

Max Cash Secured Card

Best for: Building or rebuilding credit while earning cash back.

• Annual Fee: $0.
• Rewards: Up to 5% cash back in selected categories, 2% in one everyday category, and 1% on other eligible purchases.
• Key Features: Secured credit card requiring a refundable security deposit, subject to account terms.

Secured Card

Best for: Establishing or rebuilding credit without a rewards program.

• Annual Fee: $0.
• Key Features: Security deposit requirement, credit score access, automatic bill pay, and account alerts.

Loans

columbiabank.com | Loans and Lines of Credit

Columbia Bank offers personal loans and lines of credit for major purchases, unexpected expenses, and vehicle financing. Its lending options include unsecured and secured loans, fixed-rate installment loans, and revolving credit lines.

Personal Loans

Personal Loans provide unsecured financing for personal expenses, with fixed interest rates and predictable repayment schedules.

• Maximum Loan Amount: $50,000.
• Repayment Term: Up to 4 years.
• Origination Fee: $100.
• Collateral: Not required.

Personal Lines of Credit

Personal Lines of Credit provide revolving access to funds, allowing borrowers to withdraw money as needed within an approved credit limit.

• Credit Limits: $1,000–$100,000, depending on the credit line.
• Interest Rate Structure: Variable.
• Annual Fee: $35 or $75, depending on the credit line.
• Key Features: Access through checks, online transfers, branch advances, or telephone transfers.

Auto Loans

Auto Loans finance new and used vehicles through fixed-rate installment payments.

• New Vehicles: Repayment terms up to 7 years.
• Used Vehicles: Repayment terms up to 6 years.
• Origination Fee: $100.
• Collateral: The financed vehicle.

Boat and RV Loans

Boat and RV Loans provide fixed-rate financing for recreational vehicles and watercraft, with repayment terms based on the vehicle and loan qualifications.

Secured Personal Loans

Secured Personal Loans allow borrowers to use an eligible Columbia Bank certificate of deposit as collateral.

• Minimum Loan Amount: $1,000.
• Origination Fee: $100.
• Key Features: Fixed interest rate and repayment terms tied to the certificate’s maturity.

Mortgages and Home Loans

Columbia Bank offers mortgage and home equity financing for purchasing, refinancing, renovating, and building residential properties. Its home lending programs include conventional mortgages, government-backed loans, jumbo financing, and construction loans. Utah is among the states where Columbia Bank serves new home-lending customers.

Conventional Mortgages

Conventional Mortgages provide financing for home purchases and refinancing, with fixed-rate and adjustable-rate options.

• Fixed-Rate Mortgages: Consistent interest rates throughout the loan term.
• Adjustable-Rate Mortgages: Initial interest rates that may change periodically.
• Key Features: Multiple repayment terms and financing options.

Government-Backed Mortgages

Government-Backed Mortgages include programs designed for eligible borrowers seeking lower down payments or flexible qualification requirements.

• FHA Loans: Government-insured mortgages with low down-payment options.
• VA Loans: Financing for eligible military service members, veterans, and qualifying borrowers.
• USDA Loans: Financing for eligible properties and borrowers in qualifying rural areas.

Jumbo Mortgages

Jumbo Mortgages provide financing above conventional conforming loan limits.

• Rate Options: Fixed or adjustable.
• Key Features: Financing for higher-value residential properties, subject to underwriting requirements.

First-Time Homebuyer Programs

First-Time Homebuyer Programs provide mortgage options and guidance for eligible buyers purchasing their first home.

• Available Options: Conventional and government-backed financing.
• Key Features: Selected low down-payment programs and down-payment assistance opportunities, subject to eligibility.

Home Equity Lines of Credit (HELOCs)

Home Equity Lines of Credit allow homeowners to borrow against available home equity through a revolving credit line.

• Credit Limits: $5,000–$1,000,000 for the standard HELOC.
• Draw Period: 10 years.
• Repayment Period: 20 years.
• Annual Fee: $75.
• Key Features: Variable interest rates with an optional fixed-rate lock feature.

Construction and Renovation Loans

Construction and Renovation Loans finance new home construction, property improvements, and major renovations.

• Eligible Projects: New construction, remodeling, and qualifying energy-efficiency improvements.
• Key Features: Options combining construction financing and permanent mortgage financing through one application and closing.

Business Checking Accounts at Columbia Bank

Columbia Bank offers 4 business checking accounts for companies with different transaction volumes, cash management needs, and banking relationships. All accounts provide access to business debit cards, online and mobile banking, bill pay, electronic statements, and account management tools.

Community Business Checking

Community Business Checking is designed for small businesses and nonprofit organizations seeking straightforward banking with manageable balance requirements.

• Monthly Maintenance Fee: $10, reduced to $7 with paperless statements.
• Fee Waiver: Maintain a $1,000 minimum daily balance or $2,500 average monthly balance; eligible nonprofits also qualify.
• Checks: First 200 paid or deposited per monthly cycle are complimentary; $0.38 per additional check.
• Cash Transactions: First $10,000 deposited or purchased per monthly cycle are complimentary; $0.30 per $100 thereafter.

Marketplace Business Checking

Marketplace Business Checking is designed for growing businesses with higher transaction volumes and additional banking service needs.

• Minimum Opening Deposit: $100.
• Monthly Maintenance Fee: $25, reduced to $22 with paperless statements.
• Fee Waiver: Maintain a $25,000 minimum daily balance, $100,000 in qualifying combined balances, or an active Columbia Bank merchant services relationship.
• Checks: First 500 per monthly cycle are complimentary; $0.38 per additional check.
• Cash Transactions: First $20,000 per monthly cycle are complimentary; $0.30 per $100 thereafter.

Premier Business Checking

Premier Business Checking is designed for businesses with larger deposit relationships that need additional payment processing and fraud prevention services.

• Monthly Maintenance Fee: $100.
• Fee Waiver: Maintain a $100,000 minimum daily balance or $150,000 in qualifying combined balances.
• Checks: First 400 per monthly cycle are complimentary; $0.38 per additional check.
• Cash Transactions: First $20,000 per monthly cycle are complimentary; $0.30 per $100 thereafter.
• Key Features: Complimentary remote deposit capture for one account at one location and Reverse Positive Pay services.

Analyzed Business Checking

Analyzed Business Checking is intended for businesses with complex banking activities and higher transaction volumes.

• Monthly Maintenance Fee: $25.
• Earnings Credit Allowance: Eligible balances generate an earnings credit that may offset qualifying account analysis and service fees.
• Service Fees: Additional transaction and treasury management charges depend on the services used.
• Key Features: Account analysis and customizable treasury management services.

Columbia Bank also offers business savings and money market accounts, business credit cards, commercial loans and lines of credit, SBA financing, equipment financing, merchant services, and treasury management solutions, including ACH payments, wire transfers, remote deposits, and cash management tools.

Conclusion

Columbia Bank combines the histories of Umpqua Bank and the former Columbia Bank, following their 2023 merger, the adoption of the Columbia Bank name in 2025, and the acquisition of Pacific Premier Bancorp. Headquartered in Lake Oswego, Oregon, the bank operates across 8 western states and continues expanding its presence in Utah, with locations in Draper and Pleasant Grove and a planned FinancialHub in Sugar House, Salt Lake City.

Columbia Bank offers a range of personal and business banking services, including checking and savings accounts, certificates of deposit, credit cards, personal loans, mortgages, home equity financing, and commercial banking solutions. Its combination of physical locations, digital banking services, and specialized business lending provides banking options for individuals and businesses in Utah.

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Disclaimer:
This page is not affiliated with, maintained by, or sponsored by Columbia Bank. The information provided in this overview may be outdated or inaccurate after the publication date. UtahFi does not assume responsibility for the accuracy of the content. The logo is a registered trademark of Columbia Banking System.