Regulatory Approvals Secured for Columbia Banking and Pacific Premier Bancorp Merger Completion

Columbia Banking System and Pacific Premier Bancorp: Merger Updates

In a significant development for the banking sector, Columbia Banking System, Inc. and Pacific Premier Bancorp, Inc. have jointly announced that they have received all necessary regulatory approvals for their anticipated merger. This all-stock transaction, which was initially made public in April 2025, is expected to officially close around August 31, 2025, following the resolution of certain customary closing conditions.

The approvals have been granted by several regulatory bodies, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Oregon Department of Consumer and Business Services, Division of Financial Regulation. The successful passing of these regulatory requirements is a testament to the thorough planning and compliance efforts undertaken by both businesses.

Support from Shareholders

As stated by Clint Stein, President and CEO of Columbia, the company has achieved overwhelming support from its shareholders, which bodes well for the merger's success. On July 21, 2025, all required shareholder votes were completed favorably, reinforcing confidence in the strategic direction of both banking institutions.

Stein expressed excitement about the acquisition's potential to solidify Columbia's position as a leader in the banking market across the western United States. He noted, “This acquisition reinforces our position as a market leader across the West and enhances our ability to deliver long-term value to our customers, communities, and shareholders.”

What the Merger Means

The merger is anticipated to offer a more robust range of banking services to customers while prompting operational efficiencies. Columbia Bank, headquartered in Tacoma, Washington, is a well-recognized regional bank with a significant presence in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington, boasting over $50 billion in assets. In contrast, Pacific Premier Bancorp operates out of Irvine, California, serving various customer segments, from small businesses to corporate entities, with total assets of approximately $18 billion.

As financial landscapes expand and evolve, this merger will likely position Columbia Banking System to capitalize on synergies that are often a result of consolidations within the banking industry. The integration plans are already being implemented with the expectation of a seamless transition for both customers and employees alike.

Looking Forward

Both banking entities are keenly focused on ensuring that the merger culminates in a positive customer experience. Preparations are underway to welcome Pacific Premier's clients and associates into the Columbia fold, marking a new chapter for both institutions.

While the details surrounding the integration will unfold as the merger progresses, there is palpable anticipation regarding the innovative solutions and comprehensive services this union will provide to the western U.S. banking community. With both banks having rich histories and commitment to service excellence, stakeholders are optimistic about the potential benefits this integration will offer in the coming years.

This merger signals a noteworthy shift within the banking sector, aligned with broader trends of consolidation and enhanced service offerings that reflect the evolving needs of consumers and businesses in the region.