PORTLAND, Ore.--(BUSINESS WIRE)--May 12, 2003--Umpqua Holdings
Corporation (Nasdaq:UMPQ), parent company of Umpqua Bank and Strand
Atkinson Williams & York, further adds to its Portland presence with
new board of directors member Diana Goldschmidt.
"Diana's management expertise and operations background will be an
asset to our board," said Ray Davis, president and CEO of Umpqua
Holdings Corporation. "Her knowledge of the Portland market will help
in our strategy for aggressive expansion in this area."
Goldschmidt most recently served as a management consultant to a
nuclear energy generating company where she examined completion costs,
required technology upgrades and the commercial viability of
incomplete nuclear plants. Immediately prior to that Goldschmidt was
interim superintendent for Portland Public Schools. Goldschmidt was
formerly senior vice president of operations for Pacific Telecom where
she managed six operating divisions in 14 states.
"It is fulfilling to add another talented individual to our
board," said Allyn Ford, chairman of Umpqua's Board of Directors. "The
board's recent expansion reflects Umpqua's commitment to growth in the
"I was drawn to Umpqua because of the company's commitment to
Oregon communities," said Goldschmidt. "I look forward to lending my
expertise to further that commitment."
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., Gary
DeStefano of Nike, David Frohnmayer of The 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, Brian Obie of Obie Media Corporation and
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.
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CONTACT: Lane Marketing
Kelly Rasmussen, 503/221-0480
Lani Hayward, 503/228-2117
SOURCE: Umpqua Holdings Corporation