• Umpqua Holdings Corporation
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  • Umpqua Bank Named Most Admired Financial Services Company in Oregon
    Company Release - 12/08/2011 12:00

    PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua 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 industries.

    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.

    Strategic Expansion:

    • 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.

    Community Involvement:

    • On track to volunteer more than 40,000 hours to more than 1,200 community service organizations.

    Recognition:

    • 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 organizations.

    About Umpqua Bank

    Umpqua 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
    Tracy@lanepr.com

    Source: Umpqua Bank