• Umpqua Holdings Corporation
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  • Umpqua Bank's Private Client Services Group Expands to Include Professional Banking
    Company Release - 12/03/2003 17:10

    PORTLAND, Ore., Dec. 3 /PRNewswire-FirstCall/ -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (Nasdaq: UMPQ), is expanding its successful Private Client Services division to include a Professional Banking Group. The expansion is in response to increasing market demand by professional organizations for personalized financial services. The newly formed team is led by Mike Paul, president of Umpqua's Private Client Services division.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO )

    Umpqua's Professional Banking Group will concentrate on high-end commercial and retail deposit, loan, and investment services to professionals in the medical, legal, financial, and nonprofit fields. Susan Quattrocchi, previously a business development officer for Umpqua Bank in Portland, and Tammy Fox, previously a business development officer for Umpqua Bank in Coos Bay, will serve the greater Portland, Ore. and Vancouver, Wash. areas. Tammy and Susan will join the existing team of Pam Lum, previously a relationship manager with U.S. Bank, and Tom Hunt, previously a financial advisor with Morgan Stanley.

    "This strategy will build on what Umpqua has already achieved in Portland," said Ray Davis, president and CEO of Umpqua Bank. "Our passion for service that goes above and beyond our customers' expectations will be clearly evident with this team. We have assembled the best and brightest individuals to launch Umpqua's Professional Banking Group."

    The Private and Professional Banking initiative will be accretive to earnings immediately.

    Umpqua has 16 Portland and Vancouver locations and plans to add more stores in 2004. The bank will also expand in Salem and Medford as well as launch in the Bend market next year.

    About Umpqua Bank

    Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation and has 64 locations between Ashland, Ore. and Vancouver, Wash., and along the Oregon Coast. Umpqua Holdings also owns retail brokerage subsidiary Strand, Atkinson, Williams & York, which has nine locations throughout Oregon and Southwest Washington and offers brokerage services within Umpqua Bank stores. Umpqua Bank's Private Client Services Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquabank.com.

    SOURCE  Umpqua Bank
        -0-                             12/03/2003
        /NOTE TO EDITORS:  Photos available upon request /
        /CONTACT:  Lani Hayward of Umpqua Bank, +1-503-228-2117, or
    lanihayward@umpquabank.com; or Charley Ciresi of Lane Marketing,
    +1-503-221-0480, or charley@lanemarketing.com, for Umpqua Bank/
        /Photo:  http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO
                 AP Archive:  http://photoarchive.ap.org
                 PRN Photo Desk, 888-776-6555 or 212-782-2840/
        /Web site:  http://www.umpquaholdingscorp.com /
    CO:  Umpqua Bank; Umpqua Holdings Corporation
    ST:  Oregon
    IN:  FIN
    SU:  PDT
    -- SFW112 --
    6218 12/03/200317:10 ESThttp://www.prnewswire.com