Investors Bancorp, Inc. (Nasdaq:ISBC - News) ("Company"), the holding company for Investors Savings Bank ("Bank"), reported net income of $13.3 million for the three months ended March 31, 2010 compared to a net income of $7.1 million for the three months ended March 31, 2009. Basic and diluted earnings per share were $0.12 for the three months ended March 31, 2010 compared to basic earnings per share of $0.07 for the three months ended March 31, 2009.

Commenting on the Company's first quarter performance, Kevin Cummings, President and Chief Executive Officer, said, "Investors' net income of $13.3 million reflected a strong quarter marked by continued growth in earning assets and an increase in net interest margin to 3.06%. Investors continues to build its loan portfolio with high quality commercial real estate and residential mortgage loans. [Read the full article]

Columbia Banking System, Inc. (Nasdaq:COLB - News) announced today that Melanie J. Dressel, President and Chief Executive Officer, is scheduled to participate in a West Coast Bank Panel at the RBC Capital Markets Financial Institutions Conference in Boston, Massachusetts on May 3, 2010.

The West Coast Bank Panel: What is the New Normal, and When Will We See It is scheduled for Monday, May 3, 2010 at 4:00 p.m. EDT (1:00 p.m. PDT).  The live audio webcast and replay version will be available at http://www.wsw.com/webcast/rbc117/rbc_panel6/.  

Headquartered in Tacoma, Washington, Columbia Banking System, Inc. [Read the full article]

Columbia Banking System, Inc. (Nasdaq:COLB - News) announced the pricing of an underwritten public offering of 9,600,000 shares of the Company's common stock at a price to the public of $21.75 per share for gross proceeds of approximately $208.8 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $199.2 million. Keefe, Bruyette & Woods, Inc. is acting as lead book-running manager of the offering.  D. A. Davidson & Co., RBC Capital Markets and Sandler O'Neill + Partners, L.P. are serving as co-managers. Columbia Banking System has granted the underwriters a 30-day option to purchase up to an additional 1,440,000 shares of the Company's common stock to cover over-allotments, if any. [Read the full article]