• Umpqua Holdings Corporation
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  • Umpqua Holdings Corp. Added to S&P SmallCap 600 Index
    Company Release - 10/17/2003 18:54

    NEW YORK, Oct. 17 /PRNewswire/ -- Umpqua Holdings Corp. (Nasdaq: UMPQ) will be added to the S&P SmallCap 600 Index after the close of trading Monday, October 20, replacing GBC Bancorp (Nasdaq: GBCB). Cathay Bancorp (Nasdaq: CATY) acquired GBC Bancorp after the close of trading today. Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.

    Umpqua Holdings Corporation is engaged primarily in the business of commercial and retail banking and the delivery of retail brokerage services. The Company provides a range of banking, asset management, mortgage banking and other financial services to corporate, institutional and individual customers through its wholly owned banking subsidiary, Umpqua Bank The company, headquartered in Portland, OR, will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks sub-industry.

        Following is a summary of the changes:
                      S&P SMALLCAP 600 INDEX - October 20, 2003
         ADDED        Umpqua             Financials           Regional Banks
         DELETED    GBC Bancorp          Financials           Regional Banks

    Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

    Standard & Poor's is a leading provider of highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds. With 5,000 employees located in 19 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.standardandpoors.com.

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    SOURCE  Standard & Poor's
        -0-                             10/17/2003
        /CONTACT:  David Blitzer
                   Managing Director, Quantitative Services of Standard & Poor's
        /Web site:  http://www.standardandpoors.com /
    CO:  Standard & Poor's; Umpqua Holdings Corp.; GBC Bancorp
    ST:  New York
    IN:  FIN PUB
    -- NYF127 --
    9948 10/17/200318:54 EDThttp://www.prnewswire.com