2006 EMPLOYMENT AGREEMENT
Columbia Bancorp - Greg B. Spear
This Employment Agreement (the "Agreement") is made and entered into this 15th day of April, 2006 by and
between Columbia Bancorp, an Oregon corporation and bank holding company ("Bancorp") and Greg B. Spear
(1) Bancorp is an Oregon corporation and is the holding company of Columbia River Bank, a state-chartered
Oregon financial institution. Bancorp's principal office is at 401 East Third Street, Suite 200, The Dalles, Oregon
(2) Bancorp desires to employ Employee as an officer of Bancorp and of its subsidiary Columbia River Bank
(the "Bank") on the terms and conditions set forth herein.
Now, therefore, it is agreed:
1. RELATIONSHIP AND DUTIES.
1.1 EMPLOYMENT AND TITLE. Bancorp shall employ Employee as an officer of Bancorp with the title of
Executive Vice President and Chief Financial Officer of Columbia Bancorp and Chief Financial Officer of
Columbia River Bank. Subject to the terms and conditions hereof, employee shall perform such duties and
exercise such authority as are customarily performed and exercised by persons holding such office, subject to the
general direction of the Boards of Directors of Bancorp and the Bank and of the President and Chief Executive
Officer of Bancorp and the Bank. Such services and duties shall be exercised in good faith and in accordance
with standards of reasonable business judgment. As used herein, references to "Bancorp" shall be deemed to also
refer to and include the Bank where the context requires.
1.2 DUTIES; CONFLICTS. Employee shall devote his full time, attention and efforts to the diligent performance
of his duties as an officer of Bancorp. Employee will not accept employment with any other individual,
corporation, partnership, governmental authority or any other entity, or engage in any other venture for profit
which Bancorp, or any subsidiary, parent, sister or affiliated corporation of Bancorp, considers to be in conflict