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As of 2016, Umpqua Bank was the largest Oregon-based bank and had 350 branches in Oregon, Washington, California, Nevada and Idaho. [3] [4] In October 2021, Umpqua announced it was merging with Tacoma-based Columbia Bank. Columbia Bank branches would transition to the Umpqua name and branding.
On Friday, June 9, the Umpqua Bank at 3123 56th St. will permanently close, according to Umpqua’s website. The moves come after the recent merger of Umpqua and Columbia Bank.
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Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
Columbia Banking System: VRRM replaced COLB which replaced Umpqua Holdings Corporation in the S&P 400. COLB acquired Umpqua Holdings and post-merger, COLB market cap was more representative of the mid-cap market space. [69] February 23, 2023: OTTR: Otter Tail Corporation: UFP: UFP Industries
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
The former Umpqua Bank location at Donald Street and E. 40th Avenue in Eugene is changing tenancy. Work is being done to renovate the former bank building into a dental office and lab space.