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Columbia Bank faces challenges following its merger with Umpqua Bank, as rising deposit costs weigh on performance. CEO Clint Stein emphasizes a renewed focus on restoring the combined entity to top-tier status in the Pacific Northwest. The merger aimed to create a stronger regional player, but financial pressures have delayed expected gains.

May 2024American BankerNews article

Umpqua Bank and its parent company, Columbia Banking System, award **$1 million in grants** to local nonprofits in the western U.S. The funding marks the banks’ combined anniversaries and reinforces their long-standing commitment to community support. Recipients include organizations addressing housing, education, and financial literacy across the region.

Dec 2023PR NewswireNews article

Columbia Banking System and Umpqua Holdings Corporation secure all necessary shareholder approvals for their proposed merger. The deal combines Columbia State Bank and Umpqua Bank under their respective parent companies, Columbia (NASDAQ: COLB) and Umpqua (NASDAQ: UMPQ). Shareholders of both firms voted in special meetings to finalize the transaction.

Feb 2022PR NewswireNews article

Umpqua Bank allocates **$1 million** to four Portland Metro nonprofits—**Bienestar, African American Alliance for Homeownership, Metropolitan Family Service, Self Enhancement Inc., and Gateway to College National Network**—to expand financial literacy and economic empowerment for underserved communities. The **Economic Empowerment Cohort**, led by Umpqua, aims to provide education and resources through these partnerships. The initiative targets long-term support for underserved populations in the region.

Mar 2019PR NewswireNews article