Columbia Banking System, Inc. has completed its acquisition of Pacific Premier Bancorp, Inc., significantly boosting its expansion efforts in Southern California. This strategic move strengthens Columbia's market leadership across Northern California, Washington, Oregon, and Arizona. As part of the integration, three former Pacific Premier directors, including former Chairman, President, and CEO Steve Gardner, have joined Columbia's Board of Directors. Additionally, Tom Rice has taken on the role of Chief Information Officer at Columbia Bank. The merger, effective August 31, 2025, resulted in former Pacific Premier stockholders holding approximately 30% of Columbia's shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Premier Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-193403), on September 02, 2025, and is solely responsible for the information contained therein.