Simone Lagomarsino Joins Columbia Banking System's Board to Enhance Governance

Columbia Banking System Welcomes Simone Lagomarsino to the Board of Directors

In a significant move to bolster its governance, Columbia Banking System, Inc. has announced the appointment of Simone Lagomarsino to its Board of Directors, effective September 1, 2026. This appointment is poised to enhance the company's commitment to effective risk governance and stakeholder value creation.

Simone Lagomarsino, a seasoned financial services executive with a rich background spanning over 40 years, is taking on a pivotal role within the Board, where she will contribute to both the Enterprise Risk Management and Audit Committees. Her addition is lauded not just for her expertise, but also for her strategic insights which are vital for the contemporary banking landscape.

Lagomarsino's distinguished career includes her most recent role as President and Chief Risk Officer at First Foundation Inc. and First Foundation Bank, where she played a key role until the company's successful acquisition. Her extensive experience also includes leadership positions at Luther Burbank Corporation and Luther Burbank Savings, along with the California Bankers Association. Notably, her tenure in these organizations was marked by significant organizational repositioning that enhanced performance and delivered robust growth, especially in digital marketing capabilities.

“Simone brings an invaluable depth of banking knowledge, proven leadership capabilities, and an acute understanding of risk management,” remarked Clint Stein, Chairman and CEO of Columbia Banking System. “Her unique perspective will be instrumental as we look to strengthen Columbia’s franchise and improve long-term value for our shareholders.”

Lagomarsino's commitment to the banking sector extends beyond her corporate roles. She has served on various boards, including First Foundation Inc., and the Federal Home Loan Bank of San Francisco, illustrating her dedication to promoting solid governance in financial institutions. Her acknowledged contributions to the industry have earned her accolades such as “Community Banker of the Year” by American Banker and being named a “Banking & Finance Visionary” by the Los Angeles Times.

In terms of her educational credentials, Lagomarsino holds a Bachelor of Arts in Economics from Claremont McKenna College and a Master of Business Administration with a specialization in Finance from Claremont Graduate School. Her academic background provides a solid foundation that complements her practical experiences in the financial realm.

Columbia Banking System, headquartered in Tacoma, Washington, operates as the parent company of Columbia Bank. The bank has established itself as a leading regional institution, offering a spectrum of services ranging from retail and commercial banking to investment and wealth management solutions. With a strong presence across multiple states including Arizona, California, and Oregon, Columbia Bank is synonymous with high-quality banking service tailored to meet the diverse needs of its customers.

Lagomarsino expressed her enthusiasm regarding her new role, stating, “Columbia has established one of the most esteemed banking franchises in the West, characterized by prudent growth and diligent risk management. It is an honor to join the Board of Directors, and I am eager to work alongside fellow Board members and executive leadership to cultivate lasting value for our shareholders, customers, and communities.”

As the banking industry continues to navigate complexities and regulatory changes, Lagomarsino’s appointment signals Columbia Banking System’s proactive approach in enhancing its governance framework and commitment to excellence in service delivery. The inclusion of a leader with her caliber undoubtedly positions Columbia favorably in the competitive financial services landscape.