REGIONAL FINANCIAL SERVICES MERGERS & ACQUISITION UPDATE WEST REGION YTD SEPTEMBER bkdcorporatefinance.com

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1 REGIONAL FINANCIAL SERVICES MERGERS & ACQUISITION UPDATE WEST REGION YTD SEPTEMBER

2 REGIONAL M&A TRANSACTION STATISTICS 4 Number of Regional Whole Bank & Thrift Transactions '16 YTD Sep Regional Average Deal Value to Tangible Regional Average Deal Value to LTM % 18% 16% 14% 12% 1% 8% 6% 4% 2% % Regional Average Deal Value to Assets 12.9% 14.8% 12.1% 14.5% 15.6% 17.9% Regional Average Tangible Premium to Core Deposits Note: Includes all whole bank transactions in Alaska, American Samoa, Arizona, California, Guam, Hawaii, Idaho, Montana, Nevada, Northern Mariana Islands, Oregon, U.S. Minor Outlying Islands, Washington and Wyoming. 12% 1% 8% 6% 4% 2% % 1.2% 5.4% 4.4% 5.8% 6.2% 1.2% 2

3 NATIONAL M&A TRANSACTION STATISTICS 3 Number of National Whole Bank & Thrift Transactions '7 '8 '9 '1 '11 '16 YTD Sep National Average Deal Value to Tangible National Average Deal Value to LTM '7 '8 '9 '1 '11 '12 '13 '14 '15 '16 YTD Sep '7 '8 '9 '1 '11 '12 '13 '14 '15 '16 YTD Sep BKD CORPORATE FINANCE SERVICES Company Sales & Divestitures Management Buyouts Debt & Equity Recapitalizations Mergers & Acquisitions Affiliations Succession Planning & Strategic Options Analysis 3

4 NATIONAL M&A TRANSACTION STATISTICS BY ASSET SIZE National Average Deal Value to Tangible National Average Deal Value to LTM Under $1B More Than $1B Under $1B More Than $1B NATIONAL M&A TRANSACTION STATISTICS BY PERFORMANCE National Average Deal Value to Tangible by Performance National Average Deal Value to LTM by Performance* Negative ROAA ROAA of.% to.99% ROAA of.% to.99% ROAA Greater than 1.% ROAA Greater than 1.% 4

5 Transactions Branches Sold NATIONAL BRANCH M&A TRANSACTION STATISTICS Number of National Branch Transactions & Branches Sold '7 '8 '9 '1 '11 ' YTD Sep # of Transactions # of Branches Sold 8.% National Branch Average Franchise Premium to Deposits 7.% 7.1% 6.% 5.% 4.% 5.79% 5.4% 4.58% 3.% 2.% 3.12% 3.58% 3.26% 2.52% 2.67% 3.68% 2.79% 1.% % '7 '8 '9 '1 '11 5

6 REGIONAL PUBLICLY TRADED BANKING COMPANIES Name Ticker State Total Assets ($) Total Equity ($) Stock Price 9/3/217 Price Change YTD Price to Tangible Price to LTM Dividend Yield Return on Assets (%) Return on Equity (%) Equity/ Assets (%) Wells Fargo & Company WFC CA 1,934,939, 26,824, % First Republic Bank FRC CA 84,32,96 7,427, % SVB Financial Group SIVB CA 48,4,379 4,4, % East West Bancorp, Inc. EWBC CA 36,37,966 3,781, % Umpqua Holdings Corp UMPQ OR 25,695,663 3,985, % PacWest Bancorp PACW CA 22,242,932 4,61, % Bank of Hawaii Corporation BOH HI 16,981,292 1,213, % Washington Federal, Inc. WAFD WA 15,253,58 2,5, % Western Alliance Bancorp WAL AZ 18,844,745 2,58, % Cathay General Bancorp CATY CA 14,336,785 1,897, % Glacier Bancorp, Inc. GBCI MT 9,899,494 1,29, % Columbia Banking System COLB WA 9,685,11 1,297, % First Interstate BancSystem FIBK MT 12,236,342 1,45, % CVB Financial Corp. CVBF CA 8,34,12 1,76, % BBCN Bancorp, Inc. HOPE CA 13,859,217 1,96, % Average 1.2% NATIONAL FAILED BANK STATISTICS '7 '8 '9 '1 '11 Source: Federal Deposit Insurance Corporation 6

FINANCIAL SERVICES CONTACT INDUSTRY FOCUS ABOUT US Wyatt Jenkins Vice President

com The professionals of BKD Corporate Finance, LLC have more than 1 years of

or raising debt and equity capital to improve financial and operational

a specific course of action for achieving your desired results.

Construction & Engineering Energy BKD Corporate Finance, LLC, a wholly owned

by creating value through corporate finance solutions that include mergers,

Founded in 1994, BKD Corporate Finance is staffed with experienced corporate

In addition, the firm draws on the resources of BKD with its network of

7 FINANCIAL SERVICES CONTACT INDUSTRY FOCUS ABOUT US Wyatt Jenkins Vice President Springfield, MO The professionals of BKD Corporate Finance, LLC have more than 1 years of combined experience helping company owners plan for and execute their growth and exit strategies. From managing the sale of a company to negotiating the acquisition of a competitor or raising debt and equity capital to improve financial and operational flexibility, BKD Corporate Finance can help you experience the insight to develop a specific course of action for achieving your desired results. Financial Services Health Care Manufacturing & Distribution Business Services Construction & Engineering Energy BKD Corporate Finance, LLC, a wholly owned subsidiary of BKD, LLP, helps companies and stockholders go beyond their numbers by creating value through corporate finance solutions that include mergers, acquisitions, sales, recapitalizations, management buyouts and financings. Founded in 1994, BKD Corporate Finance is staffed with experienced corporate finance specialists, investment bankers and financial analysts. In addition, the firm draws on the resources of BKD with its network of accountants, auditors, tax professionals, business consultants and industry-specific consultants. BKD Corporate Finance is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. Consumer Services & Products Technology, Media & Telecom 7

REGIONAL FINANCIAL SERVICES MERGERS & ACQUISITIONS UPDATE

REGIONAL FINANCIAL SERVICES MERGERS & ACQUISITIONS UPDATE SOUTHEAST REGION Q3 18 8.644.174 REGIONAL M&A TRANSACTION STATISTICS 8 Number of Regional Whole Bank & Thrift Transactions 6 4 51 55 59 56 7 52