Columbia, West Coast to merge in $506M deal

Banking — Spokeswoman: Some branch closures expected, but ‘decisions haven’t been made yet’

Photo By: Gary AllenBuyout —
West Coast Bancorp, the Lake Oswego-based parent company of West Coast Bank, is expected to merge by early 2013 with Columbia Banking System Inc., of Tacoma, Wash. Both companies have branches in Newberg.
   Columbia Banking System Inc. and West Coast Bancorp, both of which have branches in Newberg, will merge in a deal valued at $506 million, it was announced last week.



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