PORTLAND, Ore., July 8 /PRNewswire-FirstCall/ -- Umpqua Holdings
Corporation (Nasdaq: UMPQ), parent company of Umpqua Bank and Strand,
Atkinson, Williams & York, Inc., and California-based Humboldt Bancorp
(Nasdaq: HBEK) announced today that of the shares voted at their respective
meetings, over 95 percent were cast in favor of the merger between the two
companies. The shareholder meetings, held on July 7, approve Oregon-based
Umpqua Holdings' acquisition of Humboldt Bancorp and the merger of Humboldt's
principal operating subsidiary, Humboldt Bank, into Umpqua Bank.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO )
The companies have received all regulatory approvals and the anticipated
closing date is July 9.
About Umpqua Holdings Corporation
Umpqua Holdings Corporation, with total assets of about $3 billion, is the
parent company of Umpqua Bank, an Oregon based community bank recognized for
its entrepreneurial approach, innovative use of technology, and distinctive
banking solutions. Umpqua Bank has 64 stores throughout Oregon and Southwest
Washington. 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 Bank's 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
About Humboldt Bancorp
Humboldt Bancorp, with total assets of approximately $1.5 billion, is the
bank holding company for Humboldt Bank and its divisions, Capitol Valley Bank,
Feather River State Bank and Tehama Bank, which offer business and consumer
banking services at 27 locations throughout Northern California. For
additional information, please visit www.humboldtbancorp.com.
This press release includes a forward-looking statement regarding the
expected date of consummation of the merger. This statement is subject to risk
and uncertainty. The ability of Umpqua Holdings Corporation and Humboldt
Bancorp to fulfill their respective closing conditions of the transaction is a
risk factor, and the actual closing may occur later than anticipated.
SOURCE Umpqua Holdings Corporation
/CONTACT: media, Charley Ciresi of Lane Marketing, +1-503-546-7878, or
Charley@lanemarketing.com, for Umpqua Holdings Corporation; or Dan Sullivan,
+1-503-546-2492, or firstname.lastname@example.org, or Lani Hayward,
+1-503-228-2117, or email@example.com, or Pat Rusnak,
+1-916-783-2812, or firstname.lastname@example.org, all of Umpqua Holdings
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840/
/Web site: http://www.humboldtbancorp.com /
/Web site: http://www.umpquaholdingscorp.com /
CO: Umpqua Holdings Corporation; Umpqua Bank; Humboldt Bancorp;
Strand, Atkinson, Williams & York, Inc.
-- SFTH025 --
9141 07/08/200408:01 EDThttp://www.prnewswire.com