Columbia Banking System And Pacific Premier Receive Final Regulatory Approvals For Merger, Closing Expected By August 31, 2025

Author: Benzinga Newsdesk | August 06, 2025 11:16am

 Columbia Banking System, Inc. ("Columbia") (NASDAQ:COLB), the parent company of Columbia Bank,1 and Pacific Premier Bancorp, Inc. ("Pacific Premier") (NASDAQ:PPBI), the parent company of Pacific Premier Bank, National Association, jointly announced today the receipt of all required regulatory approvals for the previously announced all-stock transaction pursuant to which Columbia will acquire Pacific Premier. The transaction was announced on April 23, 2025, and is expected to be completed on or around August 31, 2025, pending the satisfaction or waiver of the remaining customary closing conditions outlined in the merger agreement governing the transaction.

Regulatory approvals have been granted by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Oregon Department of Consumer and Business Services, Division of Financial Regulation. As previously announced, all required shareholder and stockholder approvals related to the proposed transaction were received on July 21, 2025.

Posted In: COLB PPBI