Columbia Bank & Umpqua Bank are combining! Combining to create West Coast's regional leading Bank

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October 12, 2021
 
A message from Clint Stein, President and CEO

I am excited to share the news that on October 11, 2021, our Board of Directors approved a definitive agreement to combine Columbia Bank and Umpqua Bank. Our partnership will create the second largest regional bank by market share on the West Coast and enhance our ability to serve our clients, team members and communities. We anticipate the official close to occur during the middle of 2022, following regulatory, shareholder and other customary approvals. As we embark on this exciting milestone for our company, I want to take the opportunity to share how your banking relationship will benefit from our new partnership and what you can expect in the coming months.

Umpqua Bank is currently the largest bank headquartered in the Northwest, with more than $30 billion in assets and over 200 locations across the Western United States. Since opening their doors in 1953, they have maintained their community bank values and commitment to exceptional client service while expanding their franchise. By helping businesses and families thrive, Umpqua builds economic vitality that extends far beyond their doors.

Blending the expertise and services of our two banks in a true partnership will position us as the preferred bank for businesses and families across the Western United States. In addition to our existing premium solutions like investments, insurance and trust services, you will enjoy access to a broader suite that includes leasing services, expanded home lending options and additional technological capabilities such as mobile apps that make communicating with your banker as easy as texting a friend or family member. Our combined network of more than 300 locations across Washington, Oregon, Idaho, California and Nevada will place a branch within reach throughout the West Coast.

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Continue to bank as usual

There will be no interruption in access to your accounts or services due to this announcement. You may continue to use your debit and credit cards, checks, online banking, apps and all other services as you always have. Please continue to make loan payments according to the terms of your loan.

A systems conversion is expected to occur by the end of March 2023. Our banks share many of the same technologies and services you enjoy today which will provide a smooth transition experience. Our teams will be available to answer your questions and to provide you with the exceptional service you’ve come to expect from us.

 

Familiar faces

You will continue to work with the same talented bankers who know you and your business so well. Our partnership will provide them with a broader suite of solutions and access to additional expertise to meet more of your financial needs. We are committed to ensuring a smooth experience as we combine our organizations and our bankers will be there to assist you throughout and beyond the transition.

About Umpqua Bank

Umpqua Bank is the largest bank headquartered in the Pacific Northwest, with more than $30 billion in assets and more than 200 locations across the Western United States. Since they opened their doors in 1953, they have maintained their values while continuing to grow. Umpqua believes that by helping businesses and families thrive, they build economic vitality that extends far beyond their doors. By caring about their customers, communities and one another they’re creating opportunities to make a difference both as individuals and as a company.



Partnership details

A West Coast franchise unlike any other

Merger Footprint


Visit the Umpqua Bank website