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. 25. It is reproduced in full below.

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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Source: Board of Governors of the Federal Reserve System