Columbia Banking to buy Pacific Continental for $644M
January 11, 2017
National Banks | Eugene, OR | Corporate Acquisition
Columbia Banking System (NASDAQ: COLB) has agreed to acquire Pacific Continental Bank (NASDAQ: PCBK) for $27.85 per share, valuing the transaction at $644.1 million. The combined company will have approximately $12 billion in assets with over 150 branches in Washington, Oregon and Idaho. The deal is expected to close in mid-2017.