Federal Reserve Board announces approval of application by Columbia Banking System, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 6, 2017. It is reproduced in full below.

The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Columbia Banking System, Inc., Tacoma, Washington, to acquire Pacific Continental Corporation ("Pacific") and thereby indirectly acquire Pacific's subsidiary bank, Pacific Continental Bank, both of Eugene, Oregon.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System