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HoldCo Drops Proxy Fight Plans for Columbia Banking System and First Interstate BancSystem After Concessions
ByAinvest
Friday, Nov 7, 2025 3:17 pm ET1min read
HoldCo Asset Management has withdrawn its proxy battle plans with Columbia Banking System and First Interstate BancSystem after both companies made concessions. Columbia Banking System operates in the Pacific Northwest and has a mixed financial performance with strong profitability but declining revenue growth. HoldCo had urged First Interstate to halt acquisitions and repurchase shares, leading to a 1.7% decline in First Interstate shares and a 1% drop in Columbia Banking shares.
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