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Columbia Banking System And Umpqua Holdings Corporation Combining To Create The West Coast's Leading Regional Bank; A Scaled Organization, Positioned to Win in Some of the Country's Most Attractive Growth Markets

Oct 12, 2021 - PR Newswire
Board and Executive Moves-Mergers and Acquisitions

PR Newswire

 Columbia Banking System, Inc. ("Columbia") (Nasdaq: COLB), the parent company of Columbia State Bank, and Umpqua Holdings Corporation ("Umpqua") (Nasdaq: UMPQ), the parent company of Umpqua Bank, today announced that they have entered into a definitive agreement under which the companies will join together in an all-stock combination.

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, Umpqua shareholder...