Columbia Banking System Inc. and Pacific Premier Bancorp Announce Merger Completion

In a significant development for the banking sector, Columbia Banking System Inc. and Pacific Premier Bancorp have announced the receipt of all necessary regulatory approvals for their previously announced all-stock merger. This strategic move, initially revealed on April 23, 2025, is set to close around August 31, 2025, marking a pivotal moment for both institutions.

The merger has received the green light from key regulatory bodies, including the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Oregon Department of Consumer and Business Services. This approval follows the earlier endorsement by shareholders of both companies on July 21, 2025, underscoring the confidence in the merger’s potential to create value for stakeholders.

Columbia Banking System Inc., a holding company for Columbia Bank, operates primarily in the Tacoma metropolitan area and the surrounding Puget Sound region of Washington, as well as in Longview and Woodland, Southwestern Washington. The company is known for its commitment to providing customer-oriented financial solutions to small and medium-sized businesses, professionals, and individuals.

Pacific Premier Bancorp, on the other hand, is the parent company of Pacific Premier Bank, National Association, based in Irvine, California. The merger is expected to enhance the combined entity’s market presence and operational capabilities, leveraging Columbia’s strong regional footprint and Pacific Premier’s robust financial services.

The integration of these two institutions is anticipated to create a more diversified and resilient banking entity, capable of offering a broader range of services to its customers. This strategic alignment is poised to strengthen their competitive position in the financial services industry.

In addition to the merger news, Columbia Banking System Inc. has been performing well in the market. As of August 4, 2025, the company’s stock closed at $24.17, reflecting a positive trajectory from its 52-week low of $19.61 on April 6, 2025. The company’s market capitalization stands at $5 billion, with a price-to-earnings ratio of 9.82, indicating a favorable valuation among investors.

Earlier this week, Columbia Banking System Inc. also received an upgrade amid a strong quarter, further boosting investor confidence. The company’s recent earnings call transcript highlighted its robust financial performance and strategic initiatives aimed at driving growth.

As the merger approaches its anticipated closing date, stakeholders are keenly watching the developments, expecting the combined entity to capitalize on synergies and deliver enhanced value to its customers and shareholders alike. This merger represents a significant step forward for both Columbia Banking System Inc. and Pacific Premier Bancorp, setting the stage for a stronger and more competitive presence in the banking industry.