Columbia Bank, a subsidiary of Columbia Banking System Inc. (NASDAQ: COLB), announced the launch of its Franchise Banking Team to support franchisors and operators with banking services. The bank hired James Short and Rich Watson to lead the team, focusing initially on restaurant banking.

The team will provide treasury management, credit, derivatives, wealth management and merchant banking solutions to restaurant franchisors, franchisees and independently branded concepts. The launch follows Columbia's acquisition of Pacific Premier Bank last year and its existing franchise banking portfolio.

Short previously launched the Food Franchise Finance Team at BBVA Compass and held leadership roles at GE Capital Franchise Finance. Most recently, he served as Senior Vice President and Senior Relationship Manager at Bank of America, managing debt, treasury management, derivative and investment banking solutions.

Watson brings more than 15 years of experience in middle market finance and restaurant industry cashflow dynamics. He previously worked as Senior Vice President and Senior Relationship Manager at Bank of America, specializing in restaurant banking products. He also held positions as Credit Products Officer and Portfolio Management Officer within the bank's Restaurant Group.

"James and Rich are widely recognized leaders in the restaurant and franchise banking spaces," said Tory Nixon, President of Columbia Bank, according to the press release.

Columbia Bank operates offices in Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah and Washington. The bank offers retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing services.