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# Columbia Banking Co-President Torran Nixon Will Retire December 31, 2027, After A Stint As Advisor
- URL: https://www.bullished.co/columbia-banking-co-president-torran-nixon-will-retire-december-31-2027-after-a-stint-as-4630c7cb/
- Published: 2026-10-27T21:07:58.000Z
- Updated: 2026-10-27T21:07:58.000Z
- Description: Nixon moves to a senior advisor role on July 1, 2027, or another agreed date, keeping salary and vesting equity until he retires.
- Author: Matteo Parrino
- Tags: SEC Filings, COLB, Industry: Financials

[Columbia Banking System](https://www.bullished.co/tag/colb/) said Co-President Torran Nixon will [step into a senior advisor role](https://www.sec.gov/Archives/edgar/data/0000887343/000119312526434182/d20029d8k.htm?ref=bullished.co) on July 1, 2027, or another mutually agreed date, and retire on December 31, 2027\. The company and its Columbia Bank unit signed a transition letter with him on Tuesday, according to an 8-K filing.

## Pay and equity through the handoff

Nixon is Co-President of Columbia Bank and a Senior Executive Vice President of the parent company. Until the transition date, he stays eligible for a 2027 equity grant with a target grant-date fair value no lower than his 2026 grant.

He also remains eligible for a payout, if any, under the annual incentive plan for his 2027 service as Co-President. The payout depends on actual performance and is prorated to the transition date.

Once he becomes an advisor, he keeps participating in the company's health and welfare benefits and keeps vesting in outstanding equity awards under their existing terms. His salary is based on his annual rate as of the transition date.

## A bank spanning eight Western states

Columbia Banking System is a financial holding company that offers commercial, private banking, mortgage and wealth services through Columbia Bank. Most of its loans and deposits are in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington.

Its 10-K for 2025 says it completed its purchase of Pacific Premier on August 31, 2025, and had 6,005 employees at the end of that year.

## The dates that matter

The shift to advisor is set for July 1, 2027, unless the parties agree on a different date. Nixon's retirement date is fixed at December 31, 2027.

Nixon's advisor role is set to begin July 1, 2027, and end with his retirement on December 31, 2027.

### Sources

- [8-K Filing — COLUMBIA BANKING SYSTEM, INC. (COLB)](https://www.sec.gov/Archives/edgar/data/0000887343/000119312526434182/d20029d8k.htm?ref=bullished.co) — SEC EDGAR
- [COLUMBIA BANKING SYSTEM, INC. REPORTS THIRD QUARTER 2026 RESULTS](https://www.prnewswire.com/news-releases/columbia-banking-system-inc-reports-third-quarter-2026-results-302917221.html?ref=bullished.co) — prnewswire.com

### More on Columbia Banking System

- [Columbia Banking's New $1.2 Billion Buyback Has No Deadline, And A Stock Slump Could Speed It Up](https://www.bullished.co/columbia-bankings-new-1-2-billion-buyback-has-no-deadline-and-a-stock-slump-could-speed-it-73fe17b1/)
- [Columbia Banking Sets $1.2 Billion Buyback After Retiring 23.3 Million Shares Under Last Plan](https://www.bullished.co/columbia-banking-sets-1-2-billion-buyback-after-retiring-23-3-million-shares-under-last-e6afe6e7/)

[All Columbia Banking System (COLB) coverage →](https://www.bullished.co/tag/colb/)