Columbia Banking System, Inc. and Columbia State Bank Appoint Eric Forrest to the Board of Directors, Effective November 1, 2017
October 31, 2017 at 05:00 pm EDT
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Columbia Banking System, Inc. announced the completion of its acquisition of Pacific Continental Corporation the parent company of Pacific Continental Bank. Immediately following completion of the acquisition, Pacific Continental Bank was merged with and into Columbia's wholly owned subsidiary, Columbia State Bank. Effective at the time of the merger, Columbia also appointed Eric Forrest, a former director of Pacific Continental, to serve on the Boards of Columbia and Columbia State Bank. Mr. Forrest served as a Director of Pacific Continental Bank and Pacific Continental Corporation since June 2014. He was a founding member of Pepsi Northwest Bottlers and previously served on the Board of Directors. Mr. Forrest chairs the Oregon Beverage Recycling Board, which he also co-founded, and is a member of the Pepsi-Cola Bottlers Association Board of Directors.
Columbia Banking System, Inc. is the bank holding company for Umpqua Bank (the Bank). Through the Bank, the Company provides a broad range of banking, private banking, mortgage, and other financial services to corporate, institutional, small business, and individual customers. The bank offers specialized loans for corporate, middle market, and small business customers, including commercial lines of credit and term loans, and others. It offers deposit products, including non-interest-bearing checking accounts, analyzed business accounts, interest-bearing checking and savings accounts, money market accounts, insured cash sweep and other investment sweep solutions. The Bank also provides loans to individual borrowers for a variety of purposes, including secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. The Bank primarily operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington State.
COLUMBIA BANKING SYSTEM, INC. 
