secwatch.observer — SEC 8-K summary
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Issuer:     UMPQUA HOLDINGS CORP (—)
CIK:        0001077771
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001193125-23-056482
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Umpqua and Columbia complete all-stock merger; Umpqua shareholders receive 0.5958 COLB shares per share
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- Merger closed Feb 28, 2023; each Umpqua share converted to 0.5958 Columbia shares; Umpqua stock delisted from Nasdaq.
- Combined company has >$50B assets, ~$37B loans, ~$45B deposits across eight western states.
- Board expanded to 14 directors, 7 from each company; Cort O'Haver named Executive Chair, Clint Stein remains CEO.
- Umpqua shareholders own ~62% of combined company; combined company trades under COLB on Nasdaq.
- All branches to operate under Umpqua Bank brand after integration; corporate HQ in Tacoma, WA; bank HQ in Lake Oswego, OR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077771/000119312523056482/0001193125-23-056482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077771/000119312523056482/d803964d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-056482

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