Promotes Industry Veteran John Swanson to Lead Venture
Bank, a subsidiary ofUmpqua Holdings Corporation
(NASDAQ:UMPQ), has launched a commercial real estate division to expand
its real estate presence throughout Oregon, Washington, California, and
Northern Nevada. This new division will provide developers and investors
with access to construction lending, portfolio lending and interim real
estate loans on income-producing properties.
To lead the venture, Umpqua has promoted John Swanson to senior vice
president and commercial real estate manager. Based in Seattle, Swanson
will oversee the bank’s commercial real estate operations, including the
expansion of products and portfolios. Swanson will report to Cort
O’Haver, Umpqua Bank’s executive vice president of commercial banking.
“John has been an integral part of Umpqua’s commercial real estate
success,” said O’Haver. “His experience and leadership in this role will
be tremendous assets as we continue to expand our real estate services
to customers throughout our footprint.”
Swanson has more than 30 years of finance and real estate experience,
predominantly focused on income property project financing. Before
joining Umpqua in 2010, Swanson was a senior vice president and Seattle
market manager for U.S. Bank Commercial Real Estate.
For more information about Umpqua and its commercial real estate
offerings, visit umpquabank.com.
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