October 25, 2022
Federal Reserve Board announces approval of application by Columbia Banking System, Inc.
For release at 5:00 p.m. EDT
The Federal Reserve Board on Tuesday announced its approval of the application by Columbia Banking System, Inc., Tacoma, Washington, to acquire Umpqua Holdings Corporation, Portland, Oregon, and thereby indirectly acquire its state nonmember bank, Umpqua Bank, Roseburg, Oregon.
Attached is the Board's order relating to this action.
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