TACOMA, Wash. and IRVINE, Calif., July 21, 2025 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia“) (Nasdaq: COLB), and Pacific Premier Bancorp, Inc. (“Pacific Premier”) (Nasdaq: PPBI) today jointly announced that they have received all required shareholder and stockholder approvals related to Columbia’s proposed acquisition of Pacific Premier. The final results on the proposals voted on at the special meetings of Columbia’s shareholders and Pacific Premier’s stockholders will be set forth in the companies’ respective Current Reports on Form 8-K to be filed with the U.S. Securities and Exchange Commission.
“We are pleased by the overwhelming support for the proposed acquisition, which will enhance our market leadership across the West and create significant value for our customers, communities and shareholders,” said Clint Stein, President and CEO of Columbia. “Progress towards regulatory approvals remains on track, and teams at both banks are preparing for a swift and seamless closing following final regulatory approvals.”
“Today’s vote is an important step towards uniting our two exceptional and complementary franchises. We look forward to completing the transaction as quickly as possible and leveraging the full breadth of our combined resources and capabilities to support our customers,” said Steve Gardner, Chairman, CEO and President of Pacific Premier.
Completion of the transaction is subject to the receipt of regulatory approvals and the satisfaction of the other remaining customary closing conditions set forth in the merger agreement. Columbia and Pacific Premier anticipate the transaction to close later in 2025, subject to these requirements.
About Columbia Banking System
Columbia Banking System (Nasdaq: COLB) is headquartered in Tacoma, Washington and is the parent company of Columbia Bank (dba: Umpqua Bank), an award-winning western U.S. regional bank. Columbia Bank is the largest bank headquartered in the Northwest and one of the largest banks headquartered in the West with locations in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington. With over $50 billion of assets, Columbia Bank combines the resources, sophistication, and expertise of a national bank with a commitment to deliver superior, personalized service. The bank supports consumers and businesses through a full suite of services, including retail and commercial banking; Small Business Administration lending; institutional and corporate banking; and equipment leasing. Columbia Bank customers also have access to comprehensive investment and wealth management expertise as well as healthcare and private banking through Columbia Wealth Advisors and Columbia Trust Company, a division of Columbia Bank. Learn more at www.columbiabankingsystem.com.
About Pacific Premier Bancorp, Inc.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) is the parent company of Pacific Premier Bank,…
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