• Umpqua Holdings Corporation
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  • Umpqua Holdings Corporation Names Nike, Inc. President of USA Operations Gary Destefano to Board of Directors
    Company Release - 05/07/2003 19:06

    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 of directors.

    "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
                 Kelly@lanemarketing.com
                  or
                 Umpqua Bank
                 Lani Hayward, 503/228-2117
                 lanih@umpquabank.com
    
        SOURCE: Umpqua Holdings Corporation