Hires Industry Veteran Mark Pearce to Lead Team
PASO ROBLES, Calif.--(BUSINESS WIRE)--
Bank, a subsidiary ofUmpqua Holdings Corporation
(NASDAQ:UMPQ), has hired Mark Pearce as senior vice president and
manager of its new Central Coast, Calif. commercial agriculture center.
A California native and long-time resident of the Central Coast, Pearce
has more than 20 years of experience in agricultural finance and is a
leading authority in the industry. He has deep knowledge of production
agriculture and the region, and will focus on expanding Umpqua’s
investments in agriculture and commercial business financing throughout
the Central Coast.
In addition to serving as a key point of contact for Umpqua Bank’s
commercial agriculture clients, Pearce will oversee day-to-day
operations of Umpqua’s new agriculture and commercial banking center.
The office will provide agriculture and commercial business financing,
including operating, equipment and real estate loans for farmers,
ranchers and other local businesses. It will be located in Templeton and
is slated to open in January of 2013.
“Mark is an industry leader in agricultural finance, with deep knowledge
of both the industry and the Central Coast, which is one of the
country’s most important agricultural regions,” said Cort O’Haver,
executive vice president for Umpqua Bank. “Mark adds invaluable
expertise to Umpqua’s commercial lending teams and will play a key role
as we continue our expansion into California.”
Before joining Umpqua Bank, Pearce spent more than 15 years with Farm
Credit West on the Central Coast. He was the senior vice president in
charge of their Paso Robles office serving nearly 500 area farmers and
ranchers. Most recently, he was their regional vice president of
agribusiness responsible for Capital Markets sales and purchase
transactions along with serving area agribusiness customers. Pearce is a
10-year member of the Agricultural Liaison Advisory Board of San Luis
Obispo County, and serves on the board of Chrysalis House, a nonprofit
adoption agency in Fresno, Calif.
Pearce is a graduate of California Polytechnic State University, San
Luis Obispo where he earned a Bachelor of Science in agricultural
business management. He attended the Pacific Coast Banking School and
holds a Chartered Financial Consultant designation from The American
College in Bryn Mawr, Penn.
For more information about Umpqua and its commercial banking division
and services, visit www.umpquabank.com.
About Umpqua Bank
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
Private Bank 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.
Ming Lacey, 503-546-7891
Source: Umpqua Bank