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  • Umpqua Holdings Corporation Names Stephen M. Gambee to Board of Directors
    Company Release - 05/11/2005 12:23

    PORTLAND, Ore., May 11 /PRNewswire-FirstCall/ -- Umpqua Holdings Corporation (Nasdaq: UMPQ), has named Stephen M. Gambee as the newest member of its board of directors. Gambee currently serves as the president and CEO of Rogue Waste Systems, a company with multiple solid waste management divisions located in Medford, Ore. Gambee replaces James D. Coleman, who has recently retired from the board. Coleman, formerly the chairman of the board at VRB Bancorp, has served on Umpqua's board of directors as vice chairman for more than four years.

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

    "Working with Jim over the past four years has been a great pleasure," said Ray Davis, president and CEO of Umpqua Holdings Corporation. "His hard work and dedication have been tremendous assets to Umpqua and on behalf of the executive management and the board of directors, I personally thank him for his outstanding contributions."

    Gambee, a long-term resident of the Medford area, has maintained a standing relationship with Umpqua Bank over the years. "Stephen's exceptional business management skills and experience make him the ideal candidate to join our board of directors," said Davis. "His impressive business track record and roots in the Medford market are a welcome addition to the Umpqua team and further support our commitment to this region."

    Gambee has also worked as a consulting real estate economist for Robert Charles Lesser & Co. and is the current chairman of the board for the Medford Jackson County Chamber of Commerce. He holds an A.B. in economics from Occidental College.

    About Umpqua Holdings Corporation

    Umpqua Holdings Corporation 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 93 locations between Sacramento, Calif. and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. In 2004, Umpqua Bank launched the Connect Volunteer Network, an innovative, paid volunteer program focused on youth and education. Bank associates volunteered at more than 100 organizations in the program's first year. Umpqua Holdings also owns retail brokerage subsidiary Strand, Atkinson, Williams & York, Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon and Southwest Washington. 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 www.umpquaholdingscorp.com.

    Umpqua Holding's board of directors is now comprised of the following individuals:

    -- Allyn Ford, Chairman of the Board, President and General Manager of Roseburg Forest Products

    -- Stephen M. Gambee, President and Chief Executive Officer, Rogue Waste Systems

    -- Raymond P. Davis, President and Chief Executive Officer, Umpqua Holdings Corporation

        -- Scott Chambers, President, Chambers Communications
        -- David B. Frohnmayer, President, University of Oregon
        -- Dan Giustina, Managing Partner, Giustina Resources
        -- Lynn K. Herbert, Manager, Herbert Lumber Company
        -- Diana Goldschmidt, Owner, Urban Design Works, LLC

    -- William A. Lansing, President and Chief Executive Officer, Menasha Forest Products

    -- Thomas W .Weborg, retired President and Chief Executive Officer, Java City

    -- Diane D. Miller, President, Wilcox Miller & Nelson

    -- Theodore S. Mason, retired President & Chief Executive Officer, Humboldt Bancorp

    -- Ronald F. Angell, retired attorney serving as of counsel for Roberts, Hill, Bragg, Angell & Perlman

    -- Bryan L. Timm, CFO, Columbia Sportswear Company

    SOURCE  Umpqua Holdings Corporation
        -0-                             05/11/2005
        /NOTE TO EDITORS:  *Photo Available Upon Request/
        /CONTACT:  Eric Lucero of Umpqua Bank, +1-503-546-2449, or
    EricLucero@UmpquaBank.com; or Heather Stammer of L A N E, +1-503-546-7871, or
    Heather@lanemarketing.com, for Umpqua Bank/
        /Photo:  http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO
                  AP Archive:  http://photoarchive.ap.org
                  PRN Photo Desk; photodesk@prnewswire.com/
        /Web site:  http://www.umpquaholdingscorp.com /
    CO:  Umpqua Holdings Corporation; Umpqua Bank
    ST:  Oregon
    IN:  FIN
    SU:  PER
    -- SFW104 --
    9688 05/11/200512:23 EDThttp://www.prnewswire.com