Columbia Banking System to acquire Pacific Premier Bancorp for $2bn.

Columbia Banking System, a commercial banking corporation, agreed to acquire Pacific Premier Bancorp, a bank holding company, for $2bn. "This combination truly establishes the leading banking franchise in the Western region. It is a natural and strategic fit that strengthens our competitive position in Southern California, enhances our service offerings, and elevates our performance. We are pleased to welcome Pacific Premier's clients, employees, and stockholders to Columbia and are excited for what we will accomplish together for the benefit of all of our stakeholders and the communities we serve," Clint Stein, Columbia President, CEO, and Director.