Columbia, Umpqua Bank announce merger
TACOMA — The parent companies of Columbia Bank and Umpqua Bank on Tuesday announced plans to merge.
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TACOMA — The parent companies of Columbia Bank and Umpqua Bank on Tuesday announced plans to merge.
/PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (Nasdaq: COLB), the parent company of Columbia State Bank, and Umpqua Holdings Corporation...
Investors are disappointed by the terms of a blockbuster regional bank deal.
Columbia Banking System would be the surviving holding company and retain its Tacoma, Washington, headquarters and the banking unit would be based in Portland, Oregon, and operate under the Umpqua Bank brand.
Executives at Umpqua Holdings and Columbia Banking System said the deal could progress more slowly than usual because of a perceived approval backlog at the Federal Reserve. The two Pacific Northwest-based banks are seeking to combine into a $50 billion-asset company.