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Columbia redeems debt, begins totaling lease commitments

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Columbia redeems debt, begins totaling lease commitments

Columbia Banking System Inc. redeemed the remaining $8.2 million of its junior subordinated debt Jan. 8, according to its 2017 Form 10-K.

It also said in the March 1 filing that it selected a third-party application to help it comply with the new lease accounting standard that is effective in fiscal years after December 2018. The bank said some of the "significant implementation matters" it will need to address include assessing its internal controls over financial reporting and documentation.