Columbia Banking System Announces CFO Transition Ahead of New Chapter

Columbia Banking System, Inc. has announced a transition in its financial leadership, with **Ronald Farnsworth** stepping down as Executive Vice President and Chief Financial Officer (CFO) effective **December 31, 2025**. **Ivan Seda**, currently serving as Deputy CFO, will succeed Farnsworth in this key role. The announcement was made on **October 30, 2025**, from the company’s headquarters in **Tacoma, Washington**.

Farnsworth has been at the helm of Columbia’s financial operations since **March 2023**. Prior to this, he held a similar role at **Umpqua Holdings Corporation** and **Umpqua Bank** from **2008** until their merger with Columbia in **2023**. To facilitate a seamless transition, he will continue to advise the company until **June 1, 2026**.

In his new position, Seda will draw on his extensive experience in financial leadership. He joined Columbia in **August 2025** after serving as CFO at **Union Bank** and holding senior financial roles at **MUFG**. Most recently, he was the Deputy CFO at **BECU**, a significant credit union in the region.

Clint Stein, CEO of Columbia, expressed appreciation for Farnsworth’s contributions, stating, “Ron has played a key role in establishing Columbia as the leading Western banking franchise, optimizing our performance and better positioning the business to meaningfully expand long-term shareholder value.” Stein added that he looks forward to working with Seda, highlighting his early contributions as Deputy CFO.

Farnsworth commented on his tenure, stating, “It has been a privilege to help lead Columbia during a transformative period of integration and optimization.” He expressed confidence in Seda’s ability to step into the CFO role and continue driving profitability and shareholder value.

Seda acknowledged the honor of taking on the CFO position, stating, “Today, Columbia is a highly profitable regional powerhouse with a strong financial foundation.” He emphasized the importance of collaborating with the Columbia team to foster organic growth and deliver attractive returns to shareholders.

In a separate announcement, Columbia revealed its financial results for the third quarter of **2025** and will be hosting a conference call with investors and analysts at **5:00 p.m. ET** to discuss these results.

Columbia Banking System, Inc. is publicly traded on the Nasdaq under the ticker symbol **COLB**. The company is the parent of **Columbia Bank**, which is recognized as the largest bank headquartered in the Northwest and one of the largest in the Western United States. Columbia Bank offers a comprehensive suite of banking services across several states, including **Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah,** and **Washington**.

For more information about Columbia Banking System, visit their website at www.columbiabankingsystem.com.