BELLEVUE, Wash. -- Columbia Banking System Inc. has filed a registration statement with the Securities and Exchange Commission to issue 1.25 million common shares.

Columbia shares were trading Tuesday at $12.75. The offering would raise $15.9 million at that price.

The company said $14 million of the Proceeds would support plans to expand into the Tacoma-Pierce County, Wash., area.

Kemper Securities Inc. and Ragen MacKenzie Inc. will co-manage the Public offering, which is expected to be completed by Aug. 17, the company said.

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