M&A Deal Summary

Columbia Bank Acquires Bank of Astoria

On October 1, 2004, Columbia Bank acquired financial services company Bank of Astoria for 46M USD

Acquisition Highlights
  • This is Columbia Bank’s 3rd transaction in the Financial Services sector.
  • This is Columbia Bank’s 4th largest (disclosed) transaction.
  • This is Columbia Bank’s 3rd transaction in the United States.
  • This is Columbia Bank’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2004-10-01
Target Bank of Astoria
Sector Financial Services
Buyer(s) Columbia Bank
Deal Type Add-on Acquisition
Deal Value 46M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Schwabe, Williamson & Wyatt (Legal)

Target

Bank of Astoria

Astoria, Oregon, United States
Bank of Astoria provide financial services.

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Buyer(S) 1

Buyer

Columbia Bank

Tacoma, Washington, United States
Category Company
Founded 1993
Sector Financial Services
Employees5,114
Revenue 2.0B USD (2023)
DESCRIPTION

Columbia Bank is a bank holding company whose wholly owned banking subsidiary is Columbia State Bank. Columbia State Bank provides a full range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. Columbia Bank was incorporated in 1993 and is based in Tacoma, Washington.

DEAL STATS #
Overall 3 of 9
Sector (Financial Services) 3 of 9
Type (Add-on Acquisition) 3 of 4
State (Oregon) 2 of 5
Country (United States) 3 of 9
Year (2004) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-01 Cascade Bancorp.

Bend, Oregon, United States

Cascade Bancorp. is a community bank in the Pacific Northwest operating under the name of Bank of the Cascades. Cascade offers full-service community banking through over 30 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 West Coast Bancorp.

Lake Oswego, Oregon, United States

West Coast Bancorp is a Northwest bank holding company headquartered in Oregon with $2.4 billion in assets, and the parent company of West Coast Bank and West Coast Trust Company, Inc. West Coast Bank operates 58 branches in Oregon and Washington. The Company offers a broad range of banking, investment, fiduciary and trust services.

Buy -
Mergr

Product

Company

Legal