Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 21, 2008, Greg B. Spear resigned as Vice Chair and Chief Financial Officer of Columbia Bancorp (the "Company") and Columbia River Bank (the "Bank"), effective as of November 3, 2008. Mr. Spear has served as Vice Chair of the Company and the Bank since September, 2007 and as the Chief Financial Officer of the Company and the Bank since June, 2001.

Staci L. Coburn, CPA, the Bank's Corporate Vice President and Chief Accounting Officer will continue to oversee the Bank's financial management team and corporate business services. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference.