Inactive Instrument

BANK OF COMM

Equities

BOCH

US06424J1034

Bank of Commerce Holdings Announces Cessation of Management

October 01, 2021 at 06:03 am EDT

On September 30, 2021, Bank of Commerce Holdings, (the “Company”), and Columbia Banking System Inc., (“Columbia”), completed the previously announced merger of the companies. Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 23, 2021 (the “Merger Agreement”), by and between Columbia and the Company, the Company was merged with and into Columbia (the “Merger”), with Columbia surviving the Merger. Pursuant to the Articles of Merger filed by Columbia with the Secretary of State of the State of Washington, the Merger became effective at 11:59 p.m., Pacific time, on September 30, 2021 (the "Effective Time"). At the Effective Time, the Company's directors and executive officers ceased serving in those capacities.

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Company Profile

Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company's principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California. The Bank provides a range of financial services and products for business and retail customers. Its principal products include various types of accounts, such as checking, interest-bearing checking, savings, certificate of deposit and money market deposit. It also offers sweep arrangements, commercial loans, construction loans, term loans, safe deposit boxes and electronic banking services. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses and not-for-profit organizations, as well as banking services for consumers, primarily business owners and their employees.

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