• Umpqua Holdings Corporation
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  • Umpqua Holdings Corp. President and CEO Ray Davis Finalist for Ernst & Young Entrepreneur Of The Year 2004 Award
    Company Release - 06/21/2004 12:33

    PORTLAND, Ore., June 21 /PRNewswire-FirstCall/ -- Ray Davis, president and CEO of Umpqua Holdings Corp. (Nasdaq: UMPQ), has been named a finalist in the retail category of the Ernst & Young Entrepreneur Of The Year(R) 2004 awards for the Pacific Northwest region. The Entrepreneur Of The Year award recognizes the most successful and innovative entrepreneurial business leaders who inspire others with their vision, leadership and achievement. Being named a finalist recognizes Davis's innovative, retail-driven approach to banking and his successful growth strategy. Award winners will be announced at an awards banquet June 23 at the Seattle Sheraton Hotel and Towers in Seattle, Wash., and are eligible for consideration in the Entrepreneur Of The Year 2004 national program.

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

    Davis joined Umpqua in 1994 and launched an aggressive expansion effort coupled with a never-before-seen retail-banking strategy. Since then, Davis has grown Umpqua Bank into the largest Oregon-based community bank, expanding from six stores in 1994 to 64 stores today. In March, Davis announced the intention to acquire Northern California's Humboldt Bancorp, which will give Umpqua Bank 91 locations and 1,500 employees. Under Davis's leadership, the assets of Umpqua Bank have grown from $160 million to $4.5 billion upon completion of the Humboldt Bancorp acquisition.

    About Umpqua Holdings Corp.Umpqua Holdings Corporation is the parent company of Umpqua Bank, an Oregon state-chartered bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has 64 stores throughout Oregon and Southwest Washington. The bank was named #1 on "The 100 Best Companies to Work For in Oregon" large companies list for 2004 by Oregon Business Magazine. Umpqua Holdings also owns a 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. Additionally, Umpqua Holdings' Private Client Services Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit www.umpquaholdingscorp.com.

    SOURCE  Umpqua Holdings Corporation
        -0-                             06/21/2004
        /CONTACT:  Lani Hayward of Umpqua Bank, +1-503-228-2117 or
    lanihayward@umpquabank.com; or Charley Ciresi of LANE, +1-503-546-7878 or
    charley@lanemarketing.com, for Umpqua/
        /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.umpquaholdingscorp.com /
        (UMPQ)
    
    CO:  Umpqua Holdings Corporation; Umpqua Bank
    ST:  Oregon
    IN:  FIN
    SU:  AWD
    
    JO 
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    1072 06/21/200412:33 EDThttp://www.prnewswire.com