Columbia Bank continues Centennial State expansion with opening of Colorado Springs facility
Tacoma, Wash.-based Columbia Bank, the largest bank headquartered in the Northwest, has opened its first commercial office and retail branch in Colorado Springs.
The new facility expands the bank’s footprint in the Centennial State and strengthens its ability to serve businesses, consumers and nonprofits across southern Colorado, the company said in a news release.
Columbia expanded into Colorado in 2022 under the leadership of Mountain West Regional Director Shawn Thompson. It grew into Colorado Springs a year later, with the addition of Southern Colorado Market Director Alex Sullivan, who helped the bank establish a strong deposit base in the area, according to the release.
Its first Colorado Springs location, located at 517 S. Cascade Ave., Unit A, is located in the downtown Trolley District. The 5,500-square-foot branch combines commercial and retail banking services and celebrated its grand opening on July 15.
It is open Monday through Friday from 9 a.m. to 5 p.m.
Sullivan will lead the Colorado Springs Commercial Banking Center as senior vice president. He has previously held positions at UMB Bank and also had a prominent role in the Springs’ City for Champions regional tourism initiative that brought five new sports and entertainment venues to the city.
“Columbia Bank has seen tremendous momentum in Colorado Springs even without a physical location, which speaks to the strength of this market and the relationships we’ve built here,” Tory Nixon, president of Columbia Bank, said in the release. “Opening a commercial office and full-service retail branch allows us to deepen our commitment to local businesses and better serve the community.”
The bank opened its first Colorado retail branch in 2025 and now has four offices between its Denver and Colorado Springs commercial and retail banking spaces. Columbia Private Trust, a division of Columbia Bank with $19 billion in assets, is also based in Denver, the release said.
Columbia Bank is a subsidiary of Tacoma-based Columbia Banking System Inc. With $66 billion in total assets, it is among the largest banks headquartered in the West, with almost 350 locations across Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington, according to its website.





