Appoints Ric Carey to Executive Vice President
Retail Sales and Services and Gary Gray
To Executive Vice President Retail Administration
PORTLAND, Ore., Dec. 4 /PRNewswire-FirstCall/ -- Umpqua Bank, a subsidiary
of Umpqua Holdings Corporation (Nasdaq: UMPQ), announced today it is
restructuring its retail banking division with the promotion of Ric Carey to
executive vice president of retail sales and services and the appointment of
Gary Gray to the newly created position of executive vice president of retail
administration.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO )
"The appointments of Ric Carey and Gary Gray ensure that we are poised for
continued growth while still delivering Umpqua's hallmark quality service,"
said Ray Davis, president and CEO of Umpqua Bank. "To enable us to remain a
community bank, it is of the utmost importance to be responsive to our
customers and enhance our sales and service culture. These changes support
that goal."
Carey formerly served as senior vice president of client strategies. As
executive vice president of retail sales and services, he will oversee the
Umpqua Bank network of stores including retail personnel and senior programs.
He will also continue to oversee client strategies.
Under Gray's appointment to the new position of executive vice president
of retail administration, he will continue to oversee consumer and small
business lending, retail operations, call center and facilities. The joint
appointment of two executives in the retail division was prompted by Umpqua's
continued growth and its focus on industry leading service standards.
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, Inc., which has nine locations
throughout Oregon and Southwest Washington and offers brokerage services
within Umpqua Bank stores. Additionally, Umpqua Holdings' 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- 12/04/2003
/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 /
(UMPQ)
CO: Umpqua Bank; Umpqua Holdings Corporation
ST: Oregon
IN: FIN REA
SU: PDT PER
GK-HD
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7977 12/04/200320:21 ESThttp://www.prnewswire.com