( BW)(OR-UMPQUA-HOLDINGS)(UMPQ) Umpqua Holdings Corporation Ranks 15th
On Seattle Times Top 100 Northwest Companies List
PORTLAND, Ore.--(BUSINESS WIRE)--June 12, 2002--For the second
year in a row, Umpqua Holdings Corporation (Nasdaq:UMPQ) was ranked
among the Northwest's top public companies in the Seattle Times'
annual list, published on June 9.
This year Umpqua Holdings ranked 15th out of 118 qualifying
companies based on several business and industry measurements. Umpqua
Holdings ranked 18th on last year's list.
"It is a tremendous honor to be recognized among the Northwest's
leading companies," said Ray Davis, President and CEO of Umpqua
Holdings. "Our high placement on this list reflects the commitment and
dedication of our management team and associates to ensuring our
continued success and profitability throughout periods of dramatic
The Seattle Times Northwest 100 rankings, now in their 11th year,
recognize the best growth over two years in sales, market value,
number of employees and return on average equity. Return on equity
receives the highest weighting in the proprietary evaluation system.
The growth in employees is counted as a measure of a company's impact
on the community.
Companies with headquarters in Washington, Oregon and Idaho were
considered. The ranking criteria calls for companies to be publicly
traded for two years and to trade above $2 a share throughout 2001.
About Umpqua Holdings Corporation
Umpqua Holdings Corporation (Nasdaq:UMPQ) is the parent company of
Umpqua Bank, an Oregon state-chartered bank recognized for its
entrepreneurial approach, innovative use of technology, and
distinctive banking solutions. Umpqua Bank has 45 stores in 11 Oregon
counties, in addition to retail and wholesale mortgage lending offices
in Coos Bay, Bend and Clackamas. Umpqua Holdings also owns a retail
brokerage subsidiary, Strand, Atkinson, Williams & York, which has
nine locations throughout Oregon and Southwest Washington and offers
brokerage services within Umpqua Bank stores. Umpqua Holdings
Corporation is headquartered in Portland, Ore. For more information,
CONTACT: Umpqua Holdings Corporation, Portland
Lani Hayward, 503/228-2117
KVO Public Relations
Ken Ray, 503/221-7415
INDUSTRY KEYWORD: BANKING
SOURCE: Umpqua Holdings Corporation
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