Ranked First on Oregon Business Magazine's Annual List
PORTLAND, Ore., March 2 /PRNewswire-FirstCall/ -- Umpqua Bank, a
subsidiary of Umpqua Holdings Corporation (Nasdaq: UMPQ), has claimed the top
spot in Oregon Business magazine's annual "100 Best Companies to Work For in
Oregon" list in the large company category. Jumping to first place this year
from 23rd in 2003, this is the eighth time Umpqua Bank has been recognized in
the Oregon Business Top 100 ranking.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO )
"This recognition demonstrates that our associates truly believe in our
vision to be the world's greatest bank," said Steve May, Umpqua Bank executive
vice president of cultural enhancement. "The empowerment and the authority
our associates have to perform their jobs and the priority we give to quality
service all lead to the highly rewarding environment we have at Umpqua."
Umpqua Bank CEO Ray Davis credits the bank's associates for their
commitment to Umpqua's dynamic culture that has earned this level of
recognition. Culture programs such as the recently launched Connect Volunteer
Network, meaningful channels for associate feedback, associate recognition,
and a comprehensive training program all contribute to associate enthusiasm
for Umpqua Bank.
Oregon Business and its research partner Davis, Hibbitts & Midghall
introduced a revised, sophisticated methodology to determine the rankings.
"Given the level of participation from Oregon companies and the commitment
Oregon Business made to implementing scientifically sound methodology, we are
extraordinarily proud to have achieved this recognition," said Lani Hayward,
Umpqua Bank director of marketing.
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
/CONTACT: Charley Ciresi of Lane Marketing, 503-221-0480, for Umpqua
Bank; or Lani Hayward of Umpqua Bank, 503-228-2117/
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840/
/Web site: http://www.umpquabank.com /
CO: Umpqua Bank; Umpqua Holdings Corporation
IN: FIN MAG PUB
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4194 03/02/200416:21 ESThttp://www.prnewswire.com