Announced
Completed
Financials
Tags
bank holding company
Single Bidder
Public
United States
Majority
Domestic
Friendly
Acquisition
Banks
Completed
Synopsis
Columbia Banking System, the holding company for Columbia State Bank, completed the acquisition of Bank of Commerce Holdings, the holding company for Merchants Bank of Commerce, for $266m. "We are delighted to announce the completion of our merger with Merchants Bank of Commerce which marks our first physical presence in the state of California. The expansion is a natural continuation of our existing footprint and strengthens Columbia's position as a leading regional bank. We are pleased to welcome the Merchants Bank of Commerce family of clients, employees and shareholders to Columbia. As a combined company, our teams will continue to provide our relationship style of banking to the communities we serve," Clint Stein, Columbia President and CEO.
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