D.A. Davidson & Co. has served as exclusive financial advisor in two merger transactions for commercial banks, both of which were completed on Wednesday for a combined deal value of approximately $900 million.
D.A. Davidson’s investment banking team advised Pacific Continental Corporation (NASDAQ: PCBK) in the merger with Columbia Banking System, Inc. (NASDAQ: COLB) for total deal value of approximately $645 million. The combined company will have approximately $12 billion in assets and over 150 branches throughout Washington, Oregon and Idaho.
D.A. Davidson also advised Pacific Premier Bancorp (NASDAQ: PPBI) in the company’s acquisition of Plaza Bancorp (OTC Pink: PLZZ) for total deal value of approximately $252 million. The combined company will have approximately $8 billion in assets and branches primarily in Southern California and Central Coast California.
“We’re pleased to have worked on both of these important transactions, which were two of the largest mergers completed in the U.S. during 2017,” said Rory McKinney, D.A. Davidson’s Head of Investment Banking.
We have developed an expertise at D.A. Davidson for advising commercial banks and we are one of the most active M&A advisors in the country.
-Rory McKinney, Head of Investment Banking
Since the beginning of 2016, D.A. Davidson’s financial institutions investment banking team has advised on 24 transactions for mergers and acquisitions with more than $2.1 billion in combined deal value.
D.A. Davidson & Co.’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise and has extensive transaction experience serving middle market clients worldwide.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has more than 1,300 employees and offices in 24 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com or Twitter: @DADavidsonCo.