PORTLAND, Ore.--(BUSINESS WIRE)--May 7, 2003--Umpqua Holdings
Corporation (Nasdaq:UMPQ), parent company of Umpqua Bank and Strand
Atkinson Williams & York, increased its focus on the Portland market
by adding Nike President of USA Operations Gary DeStefano to its board
"DeStefano's strategic marketing, brand knowledge and consumer
awareness will be an immeasurable asset to Umpqua," said Ray Davis,
president and CEO of Umpqua Holdings Corporation. "Gary is a perfect
fit for our board. He is a high-energy executive with a genuine
passion for the greater Portland area."
DeStefano is currently president of Nike USA Operations in
Beaverton, Ore. and oversees Nike's footwear, apparel and equipment
businesses for the U.S. region. He is also responsible for all
strategic, brand, product and operational initiatives for Nike branded
business. DeStefano has worked with Nike for more than 20 years where
he began as a customer service area manager and has held various
positions including Vice President of USA Sales, Vice President Global
Sales and General Manager/Vice President of the Asia Pacific Region.
"Umpqua is a growth organization with an entrepreneurial spirit,"
said DeStefano. "I look forward to joining the Umpqua team and
contributing as a member of the board of directors."
The current board of directors is chaired by Allyn Ford of
Roseburg Forest Products Co. and includes: James Coleman of Crater
Lake Motors, Scott Chambers of Chambers Communications Corp., David
Frohnmayer of University of Oregon, Dan Giustina of Giustina
Resources, Lynn Herbert of Herbert Lumber Company, Katherine Keene of
SAIF Corporation, William Lansing of Menasha Forest Products and Brian
Obie of Obie Media Corporation.
"The Umpqua Board continues to evolve," said Allyn Ford, chairman
of Umpqua's Board of Directors. "We're attracting bright,
quality-oriented individuals with deep local knowledge and an
understanding of how to build a successful business."
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 66 stores throughout
Oregon and Southwest Washington. Umpqua Holdings also owns a retail
brokerage subsidiary, Strand, Atkinson, Williams & York, Inc. which
has nine locations throughout Oregon and Southwest Washington and
offers brokerage services within Umpqua Bank stores. Additionally,
Umpqua Holdings Private Client Services Division provides tailored
financial services and products to individual private customers.
Umpqua Holdings Corporation is headquartered in Portland, Ore. For
more information, visit www.umpquabank.com/investor.
CONTACT: Lane Marketing
Kelly Rasmussen, 503/221-0480
Lani Hayward, 503/228-2117
SOURCE: Umpqua Holdings Corporation