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Columbia Banking acquires Pacific Premier for $2B

PRIVATESep 26, 2025

Acquiring Company

Columbia Banking Systems

Acquired Company

Pacific Premier Bancorp

ColumbiaIrvineFinancial ServicesFinanceLendingBanking

Description

Columbia Banking Systems has announced it is acquiring Pacific Premier Bancorp in a $2 billion stock transaction. This acquisition aims to create a regional banking powerhouse with significant assets. Following the merger, board member Chris Mitchell will join Columbia's board, enhancing its leadership. This deal signifies a noteworthy moment in the regional banking M&A landscape.

Quick answer

Columbia Banking Systems is acquiring Pacific Premier Bancorp for $2 billion, announced September 25, 2025. Columbia Banking Systems is based in Columbia, South Carolina, United States.

How much did Columbia Banking Systems pay for Pacific Premier Bancorp?
The reported deal value is $2 billion.
What does Columbia Banking Systems do?
Columbia Banking Systems is a significant player in the regional banking sector.
Where are Columbia Banking Systems and Pacific Premier Bancorp based?
Columbia Banking Systems is based in Columbia, South Carolina, United States. Pacific Premier Bancorp is based in Irvine, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Columbia Banking Systems

Location

Columbia, South Carolina, United States

About

Columbia Banking Systems is a significant player in the regional banking sector. The company has a robust asset base, totaling $70 billion. It aims to enhance its market position through strategic acquisitions. Columbia specializes in serving middle-market banking needs.

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Frequently asked

Who acquired Pacific Premier Bancorp?

Pacific Premier Bancorp was acquired by Columbia Banking Systems, based in Columbia. The deal was reported on September 26, 2025. Columbia Banking Systems is a significant player in the regional banking sector. The company has a robust asset base, totaling $70 billion. It aims to enhance its market position through strategic acquisitions. Columbia Banking Systems is privately held.

When did Columbia Banking Systems acquire Pacific Premier Bancorp?

Columbia Banking Systems's acquisition of Pacific Premier Bancorp was reported on September 26, 2025. Columbia Banking Systems has announced it is acquiring Pacific Premier Bancorp in a $2 billion stock transaction. This acquisition aims to create a regional banking powerhouse with significant assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Pacific Premier Bancorp do?

Pacific Premier Bancorp, Inc. is the parent company of Pacific Premier Bank. It has built a strong banking franchise over two decades, emphasizing client relationships and specialized banking services. The firm operates in key markets across the Western U.S. It is privately held, operating in Financial Services, and is based in Irvine.

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