Columbia Banking System Inc. Issues Correction on Pro Forma Financial Information Following Merger Adjustments
Reuters
Sep 03
Columbia Banking System Inc. Issues Correction on Pro Forma Financial Information Following Merger Adjustments
Columbia Banking System Inc. has issued a correction to their current report, detailing adjustments to their financial information following a merger with Pacific Premier Bancorp, Inc. The correction involves pro forma financial statements that combine historical data from both companies, reflecting adjustments for interest income and non-interest expenses. These adjustments aim to align the financial presentation of the merged entities as required by GAAP. The corrected statements are based on historical financial statements from both companies' SEC filings.
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