A Banking Giant is Born

At 3:30 in the morning on Oct. 12, 2021, Clint Stein woke up after four hours of sleep. That the now-50-year-old chief executive officer of Columbia Banking System had slept at all was a miracle. The day ahead, Stein knew, would be the biggest of his career. As Stein drove through the dark streets to his office overlooking the harbor in downtown Tacoma, Washington, he knew that a press release was minutes away from hitting the newswire and sending shockwaves across the Pacific Northwest business community. The region’s biggest banks, Stein’s Columbia and Portland, Oregon-based Umpqua Holdings Corp., had decided…

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John Maxfield


John Maxfield is a freelance writer for Bank Director magazine. He was previously the senior banking specialist at The Motley Fool. He regularly writes for Bank Director magazine and BankDirector.com. His work has been syndicated widely to national publications including USA Today, Time and Business Insider, and he’s been a regular guest on CNBC. John has a bachelor’s degree in economics from Lewis & Clark College and a juris doctorate from Southern Methodist University. He’s a licensed attorney in the State of Oregon.

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