• Umpqua Holdings Corporation
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  • Umpqua Bank Named One of FORTUNE’s “100 Best Companies to Work For”
    Company Release - 01/19/2012 18:27

    Sixth Consecutive Year Umpqua has Been Named; Only Oregon-headquartered Company to Make the List

    PORTLAND, Ore.--(BUSINESS WIRE)-- FORTUNE announced that Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), has been ranked 69th on the 15th annual “100 Best Companies to Work For” list. Umpqua is the only Oregon headquartered company and community bank to receive this recognition. The full list and related stories will appear in the February 6, 2012, print edition of FORTUNE Magazine and are available now at fortune.com/bestcompanies.

    “We are particularly honored to be named to FORTUNE’s list of the “100 Best Places to Work” for the sixth consecutive year because this recognition is a direct reflection of how our associates feel about our company,” said Ray Davis, president and CEO of Umpqua Bank. “Their commitment to Umpqua Bank and to the communities we serve is extraordinary, and I’m very pleased to see it recognized nationally.”

    To pick the “100 Best Companies to Work For,” FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 280 firms participated in this year’s survey. Two-thirds of a company’s score is based on the results of the institute’s Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management’s credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute’s Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts.

    This year marks Umpqua Bank’s sixth consecutive year to make FORTUNE’s “100 Best Companies to Work For” list.

    For more information about Umpqua Bank, visit www.umpquabank.com.

    About FORTUNE

    FORTUNE magazine is a global leader in business journalism with a worldwide circulation of more than 1 million and a readership of nearly 5 million, with major franchises including the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including FORTUNE’s Most Powerful Women and the FORTUNE Global Forum. FORTUNE publishes English-language editions in Europe and Asia, and local-language editions in China and South Korea. FORTUNE magazine’s online home is CNNMoney.com, the most visited and utilized business destination website.

    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 six 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.

    Shannon Riggs, 503-546-7894

    Source: Umpqua Bank