M&A Deal Summary

Columbia Bank Acquires Pacific Continental

On January 9, 2017, Columbia Bank acquired financial services company Pacific Continental for 644M USD

Acquisition Highlights
  • This is Columbia Bank’s 6th transaction in the Financial Services sector.
  • This is Columbia Bank’s largest (disclosed) transaction.
  • This is Columbia Bank’s 6th transaction in the United States.
  • This is Columbia Bank’s 4th transaction in Oregon.

M&A Deal Summary

Date 2017-01-09
Target Pacific Continental
Sector Financial Services
Buyer(s) Columbia Bank
Deal Type Add-on Acquisition
Deal Value 644M USD
Advisor(s) D.A. Davidson (Financial)
Pillsbury Winthrop Shaw Pittman (Legal)

Target

Pacific Continental

Eugene, Oregon, United States
Pacific Continental Corp. is a provider of financial services in US. Pacific Continental Corporation operates as a holding company of Pacific Continental Bank.

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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 6 of 9
Sector (Financial Services) 6 of 9
Type (Add-on Acquisition) 4 of 4
State (Oregon) 4 of 5
Country (United States) 6 of 9
Year (2017) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Intermountain Community Bancorp.

Sandpoint, Idaho, United States

Intermountain operates as four separate divisions with nineteen banking locations in three states. Its banking subsidiary, Panhandle State Bank, offers financial services through northern Idaho offices in Sandpoint, Ponderay, Bonners Ferry, Priest River, Coeur d'Alene, Post Falls, Rathdrum and Kellogg. Intermountain Community Bank, a division of Panhandle State Bank, operates branches in southwest Idaho in Weiser, Payette, Nampa, Caldwell and Fruitland, as well as in Ontario, Oregon. Intermountain Community Bank Washington, a division of Panhandle State Bank, operates branches in downtown Spokane and Spokane Valley, Washington. Magic Valley Bank, a division of Panhandle State Bank, operates branches in Twin Falls and Gooding, Idaho.

Buy $122M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Bank of Commerce Holdings

Sacramento, California, United States

Bank of Commerce Holdings is a bank holding company and is the parent company for Merchants Bank of Commerce (the "Bank"). The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California along the Interstate 5 corridor from Sacramento to Yreka and in the wine region north of San Francisco. Bank of Commerce Holdings was founded in 1981 and headquartered in Sacramento, California.

Buy $266M