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EXHIBIT 99
[MOSS-ADAMS LLP LOGO]
INDEPENDENT ACCOUNTANT'S REPORT
Board of Directors and Shareholders
Columbia Bancorp and Subsidiary
We have reviewed the accompanying consolidated balance sheet of Columbia
Bancorp and Subsidiaries as of September 30, 2000, and the related consolidated
statements of income for the three and nine-month periods ended September 30,
2000 and cash flows for the nine-month period ended September 30, 2000. These
financial statements are the responsibility of Columbia Bancorp's management.
We conducted our review in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted
in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion regarding the financial statements taken
as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the condensed consolidated financial statements referred to above
for them to be in conformity with generally accepted accounting principles.
We have previously audited, in accordance with generally accepted auditing
standards, the consolidated balance sheet of Columbia Bancorp and Subsidiaries
as of December 31, 1999 and the related consolidated statements of income,
shareholders' equity, and cash flows for the year then ended not presented
herein; and in our report dated January 25, 2000, we expressed an unqualified
opinion on those consolidated financial statements. In our opinion, the
information set forth in the accompanying condensed consolidated balance sheet
as of December 31, 1999, is fairly presented in, all material respects, in
relation to the consolidated balance sheet from which it has been derived.
/s/ MOSS ADAMS LLP
Portland, Oregon
November 8, 2000
