Columbia Banking System Completes Acquisition of Pacific Premier Bancorp, Expands Southern California Presence
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Columbia Banking System, Inc. has successfully acquired Pacific Premier Bancorp, Inc., enhancing its presence in Southern California. This acquisition strengthens Columbia's market position in Northern California, Washington, Oregon, and Arizona. Three former directors from Pacific Premier, including Steve Gardner, have joined Columbia's Board, and Tom Rice is now the Chief Information Officer. The merger, effective August 31, 2025, results in former Pacific Premier stockholders owning about 30% of Columbia's shares.
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