secwatch.observer — SEC 8-K summary
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Issuer:     UMPQUA HOLDINGS CORP (—)
CIK:        0001077771
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001140361-23-001115
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Umpqua and Columbia receive FDIC approval; merger closing expected by end of February 2023
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- FDIC approval received, final regulatory clearance for combination of Umpqua and Columbia.
- Merger expected to close by end of February 2023; termination date extended to March 11, 2023.
- Combined bank will have over $50 billion in assets and operate as Umpqua Bank under Columbia Banking System.
- Umpqua received Nasdaq notice for missing annual meeting due to pending merger; plans to submit compliance plan by Feb 19.
- All other regulatory and shareholder approvals previously obtained; branch divestitures agreed in November 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077771/000114036123001115/0001140361-23-001115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077771/000114036123001115/brhc10046453_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-001115

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