Oct 11, 201704:57 PMBlog

Federal Reserve OKs Columbia, Pacific Continental merger

Oct 11, 2017 - 04:57 PM

Columbia Bank and Pacific Continental Bank have received the required regulatory approval from the Federal Reserve Board for their proposed merger. 

The two banks have already announced the receipt of approvals from their shareholders, the FDIC and state regulators.  Subject to customary closing conditions, the transaction is expected be completed on November 1, 2017.

"We are pleased to have received the last of the required approvals for the acquisition of Pacific Continental,” Hadley Robbins, president and CEO of Columbia, said. “We look forward to completing the transaction and further strengthening our position as the premier regional community bank in the Northwest."

"To date, our teams have completed a tremendous amount of planning,” Roger Busse, president and CEO of Pacific Continental, added. “We are excited to enter this next phase as we bring these two great organizations together for the mutual benefit of our clients, communities, shareholders, and employees."  

            

Edit Module
Advertisement
Bookmark and Share Email this page Email Print this page Print Feed Feed
Edit Module
Advertisement

About This Blog

Follow our blog for all the latest in local business news. To get the top local business news, subscribe to Daily Biz Briefs email newsletter. As a reader of this FREE email you get breaking business news each business day afternoon delivered right to your email inbox.

 

Feed

Atom Feed Subscribe to the Blog Feed »

Recent Posts

Archives

Categories