• Umpqua Holdings Corporation
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  • Umpqua Holdings Corporation Names Diana Goldschmidt to Board of Directors
    Company Release - 05/12/2003 14:26

    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 Portland area."

    "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 Richard Williams.

    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
                 Umpqua Bank
                 Lani Hayward, 503/228-2117
        SOURCE: Umpqua Holdings Corporation