Dear Valued Client,
On Monday, January 9, the boards of directors of Pacific Continental Bank and Tacoma, Washington-based Columbia Bank announced the execution of a definitive agreement to merge Pacific Continental with Columbia. Our board and the bank’s leadership believe this is an excellent opportunity to combine two well-respected Northwest banks that share a deep commitment to clients and local communities.
For more than 40 years, Pacific Continental Bank has remained committed to providing local businesses, nonprofits, property managers, health care and professional service providers with a relationship-focused brand of banking. Our commitment to specialized expertise, high standards in client satisfaction and dedication to our communities has enabled our franchise to grow, attracting knowledgeable bankers who are invested in the success of our clients. Columbia Bank shares these core values, allowing our clients and bankers to continue to benefit from our style of banking through a broader network of locations with additional services that complement those we provide today.
Columbia Bank is a Northwest regional community bank with 143 offices in Oregon, Washington and Idaho. It is ranked among the top 20 banks in the nation on Forbes list of “America’s Best Banks” and has been named a “Best Place to Work” for the past ten years. They place the highest priority on relationship-based banking while offering the sophisticated business services found at national financial institutions. Columbia shares our commitment to expertise in business banking and is actively involved in making the communities they serve better places to live and work.
We recognize a change of this nature will lead to questions. Please continue to bank as you always have. The Pacific Continental services you enjoy today have not changed and the talented bankers you know so well will continue to provide you with exceptional service throughout and beyond the transition. We anticipate closing the merger in the second quarter of 2017, following regulatory and shareholder approval. We have enclosed additional information to answer questions you may have regarding the merger. Please feel free to contact your banker or our Client Support Team at 1-877-231-2265 if you would like to speak with someone in more detail.
We appreciate your partnership; it has been a privilege to serve you as Pacific Continental Bank and we look forward to serving you for many years to come as part of Columbia Bank.
Pacific Continental Bank President and CEO
I know I speak for all of us at Columbia Bank in expressing how delighted we are with the prospect of uniting two community banks who share an unwavering and long-held commitment to relationship-based customer service and to the communities we serve. We never lose sight of what our business is really about: helping our customers achieve their financial objectives for their businesses and in their personal lives. This is a wonderful opportunity for both companies, our customers, employees and shareholders, to create the premier community banking franchise in the Northwest.
We also share a strong commitment to our neighbors and our local communities. We consider it a privilege to support and volunteer in all the communities we serve, believing that these partnerships truly make a difference. That will never change.
We look forward to continuing to build upon the legacy of Pacific Continental Bank.
Columbia Bank President and CEO
FAQ about Pacific Continental Bank's merger with Columbia Bank.
Recent information about Columbia Bank.
Press release announcing the definitive merger agreement.
Investor relations information regarding the merger.
158 combined locations throughout Oregon, Washington and Idaho coming in 2017.
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Portland Business Journal
Puget Sound Business Journal
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