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Tacoma, Wash.-based Columbia Banking System Inc. ($4.91 billion) on April 1 said it completed the acquisition of Lake Oswego, Ore.-based West Coast Bancorp ($2.49 billion).
Columbia Banking also disclosed the final results of the elections made by the former shareholders of West Coast regarding the form of consideration to be received in connection with the merger.
Under the merger agreement, West Coast shareholders were entitled to receive merger consideration comprising shares of Columbia Banking common stock only, cash only, or a unit consisting of a mix of Columbia Banking shares and cash, in each case with a value equal to approximately $24.11,...