Columbia Banking System(US:COLB) Prnewswireยท2025-09-02 12:15Core Insights - Columbia's acquisition of Pacific Premier significantly enhances its market presence in key western markets and strengthens its leadership position in the region [2] - The merger increases Columbia's total assets to approximately $70 billion, with $50 billion in loans and $56 billion in deposits, and expands its operational footprint to over 350 locations across eight states [2] - The integration of systems and services is expected to be completed by the first quarter of 2026 [2] Company Overview - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and operates as a leading regional bank in the western U.S. [6] - Columbia Bank is recognized as the largest bank headquartered in the Northwest and offers a comprehensive range of banking services, including retail and commercial banking, SBA lending, and wealth management [6] Board and Leadership Changes - Following the merger, three former Pacific Premier directors joined Columbia's Board of Directors, enhancing governance and leadership [4] - Tom Rice has been appointed as Chief Information Officer, continuing his role from Pacific Premier [4] Shareholder Impact - Post-merger, former Pacific Premier stockholders will collectively hold approximately 30% of Columbia's shares [5] - Each share of Pacific Premier common stock was converted into 0.9150 of a share of Columbia common stock at the time of the merger [5]