Sign in Subscribe
Banks (Finance)

Columbia Banking System Completes Acquisition of Pacific Premier Bancorp, Expanding Western U.S. Footprint

Strategic Insights

— 1 min read

Columbia Banking System, Inc. has finalized its acquisition of Pacific Premier Bancorp, Inc., solidifying its market leadership in the western United States. The deal advances Columbia's strategic expansion in Southern California by over a decade and further strengthens its position in Northern California, Washington, Oregon, and Arizona. The combined organization will operate over 350 locations across eight western states and is poised to become a regional banking leader with deep local roots and broad geographic reach.

Key Takeaways:

  • The acquisition adds Pacific Premier's assets, loans, and deposits to Columbia's balance sheet, increasing its assets to approximately $70 billion with $50 billion in loans and $56 billion in deposits.
  • Clint Stein, Columbia President & CEO, emphasized the deal's significance, stating it accelerates expansion in key western markets and unites two exceptional and complementary banks.
  • The combined entity will operate under the unified Columbia family of brands, with a focus on executing a seamless integration to support long-term shareholder value.
  • Pacific Premier associates, customers, and communities will join Columbia, with the company expecting to integrate systems and services in the first quarter of 2026.
  • Former Pacific Premier directors, M. Christian Mitchell, Jaynie Miller Studenmund, and former Chairman, President, and CEO Steve Gardner, have joined Columbia's Board of Directors.
  • Tom Rice has joined Columbia Bank's executive leadership team as Chief Information Officer, assuming the role he held with Pacific Premier Bank at transaction close.

Statistics:

  • $70 billion: Columbia Banking System's assets after the acquisition.
  • $50 billion: Loans outstanding after the acquisition.
  • $56 billion: Deposits after the acquisition.
  • 350+: Number of locations across eight western states.
  • 2026 Q1: Projected quarter for integrating systems and services.

Sources:

NewsRx LLC (2025, NewsRx LLC - [not applicable with given format])

Read more