System's 2025 Annual Meeting of Shareholders. It is my pleasure to introduce you to the Chair for Columbia Banking System and its principal subsidiary, Umpqua Bank, and today's host, Maria Pope. Thank you, Paul. Good morning, everyone, and thank you for attending our 2025 Annual Meeting of Shareholders for Columbia Banking System. This meeting is being held online rather than in person, as we have found that it allows shareholders to participate regardless of resources or physical location. For shareholders that have joined us online today, you may vote and ask questions at this meeting if you have logged in with the control number on your proxy card. On behalf of our Board of Directors, I welcome you to the meeting. In 2024, our company continued to serve customers and communities throughout our eight-state western footprint, reinforcing the quality of our people and the strength of our value proposition, which we'll address in our presentation following the shareholder vote. Joining the meeting with me today are Clint Stein, President, Chief Executive Officer, and member of the Board of Directors, and Kumi Barufi, Executive Vice President, General Counsel, and Corporate Secretary. Before I introduce our other directors, I would like to acknowledge two directors who were not nominated for a reelection due to their desire to retire from the board effective today. Craig Urquhart and Peggy Fowler served respectively as Chair of Columbia's board and Chair of Umpqua's Board of Directors prior to the merger of Columbia and Umpqua Holdings Corporation, which closed in early 2023. Since that time, Craig has served as the lead independent director of Columbia, and Peggy has served as the Chair of Columbia's Nominating and Governance Committee. Their leadership contributed greatly to the integration of Columbia's and Umpqua's respective boards and to the governing body. Thank you. Also retiring is Cort O'Haver, Umpqua Bank's pre-merger CEO, who retired from service to the company effective March 31 of this year. On behalf of the board, I want to thank Craig and Peggy for their years of service and leadership and our first years of operation as a combined company and bringing our boards together, as well as thank Cort for his many contributions as Executive Chair and his extensive leadership as the Umpqua CEO. We are deeply appreciative. I will now introduce our other directors, all of whom are independent and who are joining us online today. Mark Finkelstein, a member of the Compensation Committee, the Enterprise Risk Management Committee, and the Nominating and Governance Committee. Following the annual meeting, he will chair the Board of Directors for Financial Pacific Leasing, a wholly-owned subsidiary. Eric Forest, a member of the Audit Committee, the Nominating and Governance Committee, and Umpqua Bank's Trust Committee. Randy Lund, a member of the Enterprise Risk Management Committee and Umpqua Bank's Trust Committee. He chairs the Audit Committee. Louis Machuca, a member of the Compensation Committee, the Enterprise Risk Management Committee, and following the annual meeting, he will chair the Nominating and Governance Committee meeting. Mae Numata, a member of the Audit Committee and the Enterprise Risk Management Committee. She chairs the Umpqua Bank's Trust Committee. John Schultz, a member of the Audit Committee, the Compensation Committee, and the Nominating and Governance Committee. Betsy Seaton, a member of the Audit Committee, the Compensation Committee, and she chairs the Enterprise Risk Management Committee. Terry Hilliard, a member of the Enterprise Risk Management Committee and Nominating and Governance Committee. Following the annual meeting, he will chair the Compensation Committee. Andrea Varnado, a member of the Audit Committee, the Compensation Committee, and Umpqua Bank's Trust Committee. I am pleased to work alongside this group of committed directors who bring experiences and skills to govern your company with care and independence. I encourage you to review their many qualifications, which are outlined in Columbia's proxy statement if you've not already done so. I would also like to acknowledge our representatives from Deloitte & Touche, our independent registered accounting firm. Our 2024 and 2025 audit partners, Megan Hartley and James Oliver, are with us online today. I would now like to address some procedural matters for today's meeting. As is our custom, we will conduct the business portion of our meeting first, followed by a brief presentation. We will then open the meeting to general discussion and questions. I will now turn the meeting over to Kumi Barufi, our General Counsel and Corporate Secretary, for a report on the notice of this meeting and quorum. Thank you. I have an affidavit of mailing which states that the notice of this meeting and the accompanying proxy materials were mailed beginning on April 3, 2025. At the time appointed for the commencement of this meeting, holders of a majority of outstanding shares of record as of the close of business on March 17, 2025, which is the record date for this meeting, are present or represented by proxy. Thank you, Kumi. Since proper notice was given and a quorum is present, I hereby convene this meeting and call it to order. I will take a vote of the matters to be considered in a few minutes. Questions to be submitted via the Ask a Question text box on the meeting portal. To facilitate oral discussions, we ask that participants abide by the rules of conduct that are posted on the meeting website. It is now time for the reading of the minutes of last year's annual shareholder meeting that was held on May 8, 2024. Madam Chairman, I move that we waive the reading of last year's and the minutes of last year's annual meeting. Thank you, Kumi. Is there a second to that motion? I second the motion. Thank you, Clint. We've now heard a motion and a second to waive the reading of the minutes of last year's annual meeting. The motion is carried, and the Secretary will please insert those minutes in the 2024 annual meeting into the company's official records. We have three proposals on which to proceed. First, the proposal for election of all directors to serve a one-year term. The 11 nominees were introduced to you earlier. They are Maria Pope, Mark Finkelstein, Eric Forest, Randy Lund, Louis Machuca, Mae Numata, John Schultz, Betsy Seaton, Clint Stein, Terry Hilliard, and Andrea Varnado. The second proposal is an advisory non-binding vote to approve the compensation of the company's named executive officers. The third proposal is the ratification of the appointment of Deloitte & Touche as our independent registered public accounting firm for the fiscal year ending December 31, 2025. Each of these proposals is described in detail in the proxy statement. Madam Chair, I move that we approve the election of those individuals named in the proxy statement. I also move that we approve on an advisory basis the compensation of the company's named executive officers. Lastly, I move to ratify on an advisory basis the appointment of Deloitte & Touche as our independent registered public accounting firm for the fiscal year ending December 31, 2025. Thank you, Kumi. You have heard the three motions. Is there a second to these motions? I second each of the three motions. Thank you, Clint. The proposals have been properly submitted to the shareholders for action. With formal motion and a second, Clint and I have been named as proxy agents for the stockholders, and as proxies, we cast 195,217,934 shares in accordance with the instructions of those stockholders. Before we proceed to the vote, are there any questions on the proposals? No questions have been submitted. I now declare the polls open. At this time, any shareholders who have not yet voted or wish to change their vote may do so by clicking on the voting button on the web portal and following the instructions. Shareholders who have mailed in proxies or who have voted online by internet or telephone and do not wish to change their vote should not take any action at this time. We will now pause for voting. Now that everyone has had an opportunity to vote, I declare that the polls are closed. Kumi, do we have the preliminary voting results? Yes. Sufficient number of shares have been voted in favor of all proposals. The election of all nominated directors has been approved, as well as the compensation of the named executive officers and the ratification of Deloitte & Touche as the company's independent registered public accounting firm. We will report the final vote results on SEC Form 8K, which will be filed no later than four business days from today. Thank you. This concludes the formal business portion of our meeting, and I declare that the meeting is adjourned. With that, I would like to more formally introduce Clint Stein, President and CEO of Columbia Banking System. Clint joined Columbia in 2005, and he has been an influential leader ever since, serving over the years as Chief Accounting Officer, Chief Financial Officer, and Chief Operating Officer before his appointment as President and CEO in 2020. Clint's leadership at Columbia has spanned interest rate and credit cycles. For 20 years, he has supported our associates and contributed to Columbia's service to customers and communities. During his tenure, Columbia has grown from $2 billion in assets in 2005 to $52 billion today, and with the announced acquisition of Pacific Premier Bancorp, we continue to grow and expand our market presence. This past year, net income increased in 2024, supporting capital return to you, our shareholders, through our quarterly dividend. Clint will outline our tremendous accomplishments in 2024 and the ways in which we are well-positioned to support our customers, our communities, and our associates, driving enhanced returns to you, our shareholders. Clint, on behalf of the board, we thank you for your outstanding years. Thank you, Maria. Our company's achievements in 2024 were substantial, and they were all the more notable as they occurred during our first full year as a combined organization. We continue to execute our business bank of choice strategy, deepening relationships with existing customers while bringing new relationships to the bank. Our associates volunteered their time and their expertise, broadening community support throughout our eight-state footprint. I'm extremely proud of what we achieved together for all of our stakeholders. On behalf of our leadership team, I want to say thank you to all of our team members for their continued hard work and dedication. Our executive officers are a cohesive team that provides a strong sense of continuity to our company. Most of them have been with the bank for over a decade. These executives have served in their current roles for a number of years, and most have held different positions within the company before assuming their current responsibilities. I'm pleased to introduce to you the executive management team of Umpqua Bank, the primary subsidiary of Columbia. Chris Merrywell and Tory Nixon serve as presidents of Umpqua Bank. Drew Anderson is our Chief Administrative Officer. As previously stated, Kumi Barufi is our General Counsel and Corporate Secretary. Aaron Deere is our Chief Strategy and Innovation Officer. Lisa Dow is our Chief Risk Officer. Ron Farnsworth, our CFO. Brock Lakely is our Chief Audit Executive. David Moore Devine is our Chief Marketing Officer. Frank Namdar is our Chief Credit Officer. Andrew Ognall is our Chief Human Resources Officer. Lisa White is our Principal Accounting Officer and Corporate Controller. In the interest of time, I did not review the depth of knowledge and breadth of experience of each individual leader. I encourage you to visit Columbia's website to learn more about our executive officers and the qualifications of this outstanding team. I advise you that any forward-looking statements we make today are subject to economic and other factors. You can find a more complete cautionary explanation in our 2024 Form 10K filed with the SEC and available on our website. Now I would like to provide you with an overview of key achievements in 2024 and the recent acquisition announcement that supports our business bank of choice strategy. In the first quarter of 24, we completed an enterprise-wide internal evaluation of operations. The full-scale review resulted in consolidated positions, simplified reporting and organization structures, and an improved profitability outlook. These actions resulted in financial and organizational performance improvement highlighted by an optimized expense base, fine-tuned pricing strategies, and targeted franchise investments, which showcase our commitment to and continued progress toward long-term, consistent, repeatable results for our shareholders. Our normalized core expense base was down 8% between the four quarters of 2024 and 2023. Because of these organizational initiatives and our associates' cost-conscious mindset, after reaching a low point in the first quarter of 2024, our net interest margin increased 12 basis points through the year, given customer growth and our proactive pricing actions ahead of and following interest rate actions by the Fed. We have also closely aligned our loan growth priorities around our broader strategy, which focuses on balanced growth in relationship-driven loans, deposits, and fee-income products. These actions combined to a 29% increase in net income on an operating basis in the fourth quarter of 2024 compared to the fourth quarter of 2023. We are pleased with our performance in 2024. Our achievements contribute to the building momentum we see in 2025. Across the organization, we remain focused on balanced growth with new and existing customers as we add to our franchise value through relationship banking throughout our eight-state western footprint. Three weeks ago, we announced our partnership with Pacific Premier Bancorp, a like-minded business bank headquartered in Southern California. The Pacific Premier acquisition is a material expansion and acceleration of our long-term strategy. Today, we are the largest bank headquartered in the Northwest and the fourth largest regional bank headquartered in our footprint. Our 10% market share in the Northwest places us with the large national and superregional banks. Our advantageous placement demonstrates the scaled presence we already have in the Northwest, and we expect to increase market share in the region as we leverage the resources of our company. Other key markets in the West provide further opportunity to take market share and expand our franchise, and we actively pursue prudent growth in these markets during 2024. After opening our first retail branch in Utah in 2023, we opened our first retail branches in Arizona in 24 and our first branch in Colorado two months ago. A targeted branch strategy in these three states builds out the physical footprint to support our bankers and customers already established in these markets. New locations are funded through strategic cost offsets to ensure efficient, profitable revenue generation. Southern California is different. Given population density that is multiples of other metropolitan areas in our eight-state footprint, following our acquisition of Pacific Premier, we expect to close later this year following the receipt of regulatory and shareholder approvals and completion of other closing conditions. Our market share position in Southern California will move from 51st to 10th, accelerating our expansion plans in the market by well over a decade. I encourage you to review the transaction materials on our website, which provide additional details on this financially attractive and strategic acquisition. The combined organization will operate under the unified brand of Columbia Bank, as Umpqua Bank will change its name to Columbia Bank later this year. The Columbia Bank name aligns with our holding company and other brands the bank operates today, simplifying our family of brands and ensuring clarity as we deepen our presence throughout the West. The expertise of seasoned bankers, together with our contemporary products and digital capabilities, enables us to deliver needs-based solutions for our customers. We believe our long-standing focus on growing customer relationships, combined with our cost-conscious operational approach, drives long-term value and return for our shareholders. I look forward to updating you on our successes at the next annual meeting. Now, I'll turn it back to you, Maria. Thank you, Clint. I know many associates are online with us today. On behalf of everyone on the board, I'd like to thank you for your exceptional work on behalf of customers, fellow associates, the bank, and the communities that we serve. We also want to express our appreciation to our shareholders for your continued support. Each of us, from the directors to leaders to associates, strive to drive value for our shareholders, making our company a premier bank throughout the western United States. We will now answer questions received from shareholders, and to assist us, I'm going to ask Kumi to provide directions. Thank you, Madam Chair. We have not received any questions during the meeting, and therefore, I will hand the meeting back to you. Thank you, Kumi. I want to thank everyone for joining us today and for your investment in Columbia Banking System. Our presentation is now concluded. Thank you. Thank you for attending today's meeting. You may now disconnect.