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 shareholders’ endorsement of the merger on July 21, 2025, underscoring the confidence and support from both companies’ 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 banking services to small and medium-sized businesses, professionals, and individuals, emphasizing customer-oriented financial solutions.

The integration with Pacific Premier Bancorp, the parent company of Pacific Premier Bank, National Association, is expected to significantly enhance Columbia’s market presence across the Western United States. This merger is anticipated to create a more robust financial institution capable of offering a wider range of services and reaching a broader customer base.

Financially, Columbia Banking System Inc. has shown resilience and growth potential. As of August 4, 2025, the company’s stock closed at $24.17, with a 52-week high of $32.85 and a low of $19.61. The market capitalization stands at approximately $5 billion, reflecting investor confidence in the company’s strategic direction and financial health.

In a retrospective look at the company’s performance, an investment in Columbia Banking System a year ago would have yielded a modest gain. On this day last year, the stock traded at $23.20. An investment of $1,000 would have resulted in ownership of approximately 43.103 shares, valued at $1,029.31 as of August 4, 2025, representing a 2.93% increase.

The merger is expected to further bolster Columbia Banking System’s financial standing and market position. As the integration progresses, stakeholders and customers alike are keenly watching the potential benefits and opportunities that this union will bring to the banking landscape in the Western United States.