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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Last Update: October 25, 2022