PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has named Rick Calero executive vice president of community banking. Calero will have responsibility for all retail initiatives for the company, including Umpqua Bank’s store network, deposit growth strategies, small business and consumer lending, as well as Umpqua’s innovative product delivery and customer experience services.

Umpqua Bank has named Rick Calero executive vice president of community banking. (Photo: Business Wire)

“Rick has a deep retail banking background and is a proven leader who will fit in perfectly with Umpqua Bank’s culture,” said Ray Davis, president and CEO of Umpqua Bank. “His ability to guide internal teams coupled with his understanding of the current banking climate will be of great value to the company as we continue to build on the success of our growth strategy. I am very pleased that he is joining our executive leadership team.”

Calero brings more than 10 years of retail banking experience to the position, most recently as regional sales and marketing director for Citibank in Dallas, Tex., where he oversaw seven market regions and 330 branch locations. Previously, he served as consumer banking executive at Regions Financial Corporation.

Calero has a master’s in business administration from Southern Methodist University, Cox School of Business. He received his Bachelor of Arts in Economics from Fordham University in New York.

Calero replaces Ric Carey, who has taken on new responsibilities as executive vice president of store experience and sales, and is now charged with leading Umpqua Bank’s community banking teams through new sales and marketing initiatives that will deepen the company’s relationships with existing and new customers.

About Umpqua Bank

Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 183 locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including TheWall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for the past four years in a row on FORTUNE magazine’slist of the country’s “100 Best Companies To Work For.” Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments Inc., which offers services through Umpqua Bank stores and in dedicated offices throughout Oregon. Umpqua’s Private Bank Division serves high-net-worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.

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Source: Umpqua Bank