• Umpqua Holdings Corporation
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  • Umpqua Bank Named No. 1 'Best Large Company To Work for in Oregon'
    Company Release - 03/02/2004 16:21
                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
        -0-                             03/02/2004
        /CONTACT:  Charley Ciresi of Lane Marketing, 503-221-0480, for Umpqua
    Bank; or Lani Hayward of Umpqua Bank, 503-228-2117/
        /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.umpquabank.com /
        (UMPQ)
    
    CO:  Umpqua Bank; Umpqua Holdings Corporation
    ST:  Oregon
    IN:  FIN MAG PUB
    SU:  AWD
    
    GF 
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    4194 03/02/200416:21 ESThttp://www.prnewswire.com