Columbia Banking System, Inc. completed the acquisition of Pacific Premier Bancorp, Inc.
The acquisition accelerates the company's expansion in Southern California, strengthening its market presence in multiple states.
The unified brand under Columbia Bank aims to deliver superior value to stakeholders and enhance long-term shareholder value.
Strategic Expansion
Acquisition accelerates company's strategic expansion in key western markets.
Market Leadership
Strengthens company's position as a leading financial institution in multiple states.
Asset Growth
Columbia's assets increased to approximately $70 billion post-acquisition.
Geographic Reach
Operates over 350 locations across eight western states, solidifying regional banking leadership.
Board Changes
Former Pacific Premier directors joined Columbia's Board, enhancing leadership team.
- The acquisition of Pacific Premier significantly boosts Columbia's presence in Southern California.
- Increased assets and geographic reach position Columbia as a regional banking leader.
- The company's focus on seamless integration and brand clarity is expected to drive long-term shareholder value.
The completion of the acquisition marks a significant milestone for Columbia Banking System, reinforcing its commitment to growth and delivering value to stakeholders.