PORTLAND, Ore.--(BUSINESS WIRE)--
Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), was
named the Most Admired Financial Services Company in Oregon and the
eighth Most Admired Company across all categories at The Portland
Business Journal’sseventh annual “Most Admired Companies”
luncheon. Umpqua Bank has received this recognition from Ore. executives
every year since the award was founded in 2005.
“It is an honor to be recognized by our peers as one of the region’s
strongest and most respected companies,” said Ray Davis, president and
CEO of Umpqua Bank. “This award is a testament to Umpqua’s associates,
who have remained focused on serving the interests of our customers,
employees and communities. We look forward to continuing to be an active
and integral part of the neighborhoods we serve.”
More than 2,000 CEOs and top executives across the state chose this
year’s winners based on criteria that included innovation, quality of
management, community involvement, quality of products and services, and
branding and marketing. The Portland Business Journal awards were
distributed to companies in eight industry categories: agriculture and
forest products, commercial real estate, financial services, health
care, nonprofits, professional services, technology and traditional
manufacturing, in addition to the most admired company across all
2011 Umpqua Bank Highlights:
Focus on Lending:
Launched a business banking division to augment lending to small and
mid-sized companies in Ore., Wash., Calif. and N. Nev.
Expanded GreenStreet Lending to businesses and consumers throughout
its footprint to provide homeowners and enterprises with financing to
invest in energy efficiency and renewable energy.
Committed $1 billion in new lending, surpassing that pledge by more
than $200 million year-to-date.
Opened 10 new stores in the Pacific Northwest.
Enhanced its Bay Area presence with new commercial lending teams and
commercial banking centers in San Jose and Walnut Creek.
On track to volunteer more than 40,000 hours to more than 1,200
community service organizations.
Placed 25th on FORTUNE magazine’s list of the “100 Best
Companies To Work For.” 2011 is the fifth year in a row Umpqua has
received this recognition.
Ranked highest in the Northwest for customer satisfaction by J.D.
Power and Associates.
Oregon’s Most Admired Companies is an annual Portland Business Journal
event. Hosted by publisher Craig Wessel, the event is one of the
publication’s business programs created to recognize the state’s leading
About Umpqua Bank
Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation (NASDAQ:UMPQ) with 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 The Wall Street Journal, The New York Times,
BusinessWeek, Fast Company and CNBC. The company has been recognized for
the past five years in a row on FORTUNE magazine’s list 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 Wealth Management Division serves high net worth individuals
and nonprofits by providing customized financial solutions and
offerings. Umpqua Holdings Corporation is headquartered in Portland,
Ore. For more information, visit http://www.umpquabank.com.
For Umpqua Bank
Tracy Anderson, 503-546-7897
Source: Umpqua Bank