$24.490
+0.081 (+0.33%)Al cierre
Noticias de PPBI
Eventos de PPBI
Kinetik Holdings Set to Take Over Pacific Premier in S&P 600 Starting September 2nd
Columbia Banking System (COLB) is acquiring Pacific Premier Bancorp (PPBI) in a deal expected to close soon, pending final closing conditions.
Kinetik Holdings Set to Take Over Pacific Premier in S&P 600 Starting September 2nd
Columbia Banking System (COLB) is acquiring Pacific Premier Bancorp (PPBI) in a deal expected to close soon, pending final closing conditions.
Columbia Banking, Pacific Premier announce regulatory approvals
Columbia Banking System (COLB), the parent company of Columbia Bank, and Pacific Premier Bancorp (PPBI), the parent company of Pacific Premier Bank, National Association, jointly announced the receipt of all required regulatory approvals for the previously announced all-stock transaction pursuant to which Columbia will acquire Pacific Premier. The transaction was announced on April 23 and is expected to be completed on or around August 31, pending the satisfaction or waiver of the remaining customary closing conditions outlined in the merger agreement governing the transaction. Regulatory approvals have been granted by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Oregon Department of Consumer and Business Services, Division of Financial Regulation. As previously announced, all required shareholder and stockholder approvals related to the proposed transaction were received on July 21. "We are pleased with the overwhelming support from our shareholders and the swift and transparent approval process from our regulators. This acquisition reinforces our position as a market leader across the West and enhances our ability to deliver long-term value to our customers, communities and shareholders. Our teams have already made remarkable progress in the planning for a seamless integration, and we are excited to welcome Pacific Premier's customers and associates to Columbia upon the closing of the transaction," said Clint Stein, President and CEO of Columbia.
Pacific Premier reports Q2 EPS 33c, consensus 34c
Reports Q2 revenue $145.64M, consensus $147.67M. Steven R. Gardner, Chairman, Chief Executive Officer, and President of the Company, commented, "We delivered solid financial results for the second quarter, as we remain committed to our prudent, proactive approach to managing all aspects of our business as we work towards consummating our pending merger with Columbia Banking System, Inc."
Columbia Banking and Pacific Premier receive required approvals for acquisition
Columbia Banking System (COLB), and Pacific Premier Bancorp (PPBI) jointly announced that they have received all required shareholder and stockholder approvals related to Columbia's proposed acquisition of Pacific Premier. The final results on the proposals voted on at the special meetings of Columbia's shareholders and Pacific Premier's stockholders will be set forth in the companies' respective Current Reports on Form 8-K to be filed with the SEC. Completion of the transaction is subject to the receipt of regulatory approvals and the satisfaction of the other remaining customary closing conditions set forth in the merger agreement. Columbia and Pacific Premier anticipate the transaction to close later in 2025, subject to these requirements.
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