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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT
(Date of earliest event reported): February 20, 2007
COLUMBIA BANCORP
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(Exact name of registrant as specified in its charter)
Oregon 0-27938 93-1193156
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
401 East Third Street, Suite 200,
The Dalles, Oregon 97058
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(Address of principal executive offices)
(541) 298-6649
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 5.02 COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On February 15, 2007, Columbia Bancorp ("Columbia") entered into an Amended
and Restated Executive Bonus Deferral Agreement and into an Executive Salary
Continuation Agreement for its Chief Executive Officer, Roger L. Christensen;
its Chief Financial Officer and Chief Administrative Officer, Greg B. Spear; its
President of Columbia River Bank, Craig J. Ortega; its Chief Banking Officer, R.
Shane Correa; and its Chief Credit Officer, Britt W. Thomas. Each of the
foregoing executives is a named executive officer of the registrant. The form of
each such agreement is furnished herewith.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit Item
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10.01 Form of Amended and Restated Executive Bonus Deferral Agreement.
10.02 Form of Executive Salary Continuation Agreement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: February 20, 2007 /s/ Roger L. Christensen
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Roger L. Christensen,
Chief Executive Officer -
Columbia River Bank;
President and Chief Executive Officer -
Columbia Bancorp