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Columbia
Banking System, Inc.
COLB "Columbia") and West Coast Bancorp
WCBO "West Coast") today jointly announced that the companies have
agreed to combine their two leading Pacific Northwest community bank
franchises in a transaction valued at approximately $506 million. The
combined company will have approximately $7.2 billion in assets with over 150
branches throughout Washington and Oregon and will rank number 1 in deposit
market share amongst commercial community banks in the combined states of
Washington and Oregon.
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