• Umpqua Holdings Corporation
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  • Umpqua Bank Launches Industry-Leading Employee Volunteer Effort for Youth and Education
    Company Release - 01/05/2004 08:30
             'Connect Volunteer Network' Supports Employee Volunteer Time

    PORTLAND, Ore., Jan. 5 /PRNewswire-FirstCall/ -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (Nasdaq: UMPQ), is launching its Connect Volunteer Network, an industry-leading employer-paid volunteer program, that focuses on youth and education organizations in Oregon and Southwest Washington.

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

    http://www.newscom.com/cgi-bin/prnh/20030827/UMPQLOGO )

    The Connect Volunteer Network provides full-time Umpqua Bank associates with 40 hours of paid volunteer time per year to devote to youth and education organizations. The paid volunteer time is to be fulfilled during an associate's regular work-day. This innovative program, which officially launched Jan. 2, already has nearly 800 of Umpqua Bank's 900 eligible employees signed up to participate.

    "We've created a volunteer program that not only encourages associates to make a difference, it compels them to do so," said Ray Davis, president and CEO of Umpqua Bank. "With 90 percent of our employee base already signed up, it's exciting to know that the impact of this program will be felt immediately in the communities we serve. Collectively, our Umpqua associates will be able to do in one year of volunteer time what it would take one individual nearly 20 years to accomplish."

    Through the Connect Volunteer Network, Umpqua associates choose the organization they would like to work with. They will engage in a variety of activities, with some spending their time in schools working alongside teaching staff, while others may take on a mentoring project or dedicate their time to a relief nursery.

    Umpqua Bank has a strong support system for the volunteer program with full board and executive backing, and extensive participation at every level of the organization. Umpqua has also created a new position with the primary responsibility of administering the program, researching volunteer opportunities for associates, and assisting them in getting started with their chosen organization.

    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 14 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-                             01/05/2004
        /CONTACT:  Lani Hayward of Umpqua Bank, +1-503-228-2117, or
    lanihayward@umpquabank.com; or Lisa Wood of Lane Marketing Communications,
    +1-503-546-7895, or lisaw@lanemarketing.com, for Umpqua Bank/
        /Photo:  http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGOhttp://www.newscom.com/cgi-bin/prnh/20030827/UMPQLOGO
                  AP Archive:  http://photoarchive.ap.org
                  PRN Photo Desk, 888-776-6555 or 212-782-2840/
        /Web site:  http://www.umpquaholdingscorp.com /
        /Web site:  http://www.umpquabank.com /
        (UMPQ)
    
    CO:  Umpqua Bank; Umpqua Holdings Corporation
    ST:  California
    IN:  FIN EDU
    SU:  PDT
    
    MW-GF 
    -- SFM047 --
    8279 01/05/200408:30 ESThttp://www.prnewswire.com