PORTLAND, Ore.--(BUSINESS WIRE)--
Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ),
continues its expansion in California with plans for a new flagship
store in downtown San Jose. Umpqua pioneered the concept of bank branch
as retail store by creating inviting spaces designed as both financial
hubs and gathering spaces for communities and businesses. The new
location will provide community banking, home lending and commercial
“San Jose is one of the country’s strongest growth markets and a key
part of Umpqua Bank’s expansion strategy in the Bay Area,” said Ray
Davis, president and CEO for Umpqua Bank. “The success of our
international and commercial banking teams in this region demonstrates
the demand for what we provide – the geographic reach and sophisticated
products of a large organization combined with the personalized service
only a community bank can deliver.”
The bank signed a lease for a 6,874-square-foot space located on two
floors of a 15-story mixed-use tower at 225 West Santa Clara in the
central business district of San Jose. The build-out is expected to be
complete in the first quarter of 2013.
The San Jose location will incorporate signature features of Umpqua’s
store design on the ground floor, including: an interactive Discover
Wall showcasing information about financial tools, products and
community events; a computer café and free Wi-Fi; and a phone with a
direct line to the bank’s CEO.
Umpqua’s commercial lending, home lending and business banking teams
will occupy the second floor. The store will be open 9 a.m. to 6 p.m.
Monday through Friday, and 10 a.m. to 2 p.m. Saturday.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation with locations between San Francisco and Seattle,
along the Oregon and Northern California Coast, and in Central Oregon
and Northern Nevada. Umpqua Bank has been recognized for its innovative
customer experience and banking strategy by national publications
including The Wall Street Journal, The New York Times, BusinessWeek,
Fast Company and CNBC. The company has been recognized for the past six
years in a row on FORTUNE magazine’s list of the country’s “100 Best
Companies to Work For.” Umpqua Holdings also owns a retail brokerage
subsidiary, Umpqua Investments Inc., which offers services through
Umpqua Bank stores and in dedicated offices throughout Oregon. Umpqua’s
Wealth Management Division serves high net worth individuals and
nonprofits by providing customized financial solutions and offerings.
Umpqua Holdings Corporation is headquartered in Portland, Ore. For more
information, visit http://www.umpquabank.com.
For Umpqua Bank
Ming Lacey, 503-546-7891
Source: Umpqua Bank