PORTLAND, Ore.--(BUSINESS WIRE)--
Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is
expanding its Private
Bank division into the San Francisco region. The company has hired
Shane Hiller, an industry veteran with more than 20 years of wealth
management experience, as senior vice president and market leader.
Hiller will be responsible for building Umpqua
Private Bank’s team in the region and for delivering its high-touch,
personally customized offerings to clients in the Bay Area and beyond.
Umpqua Private Bank builds customized investment solutions for clients
with more than $3 million in net worth and $1 million in investable
assets while delivering the company’s trademark customer experience. The
Private Bank’s expansion into the Bay Area reflects increasing demand
for an integrated approach to wealth management in the region, and
follows successful forays into the Portland and Seattle markets.
“The Bay Area is a hub for innovative companies and individuals, and is
a great fit for Umpqua’s unique approach to banking. As we prepare to
open our flagship store in San Francisco’s financial district, we’re
excited to provide clients with integrated private banking, retail and
commercial services,” said Kelly Johnson, executive vice president,
wealth management. “It’s a pleasure to have a regional leader with
Shane’s depth and diversity of experience on board, and we look forward
to his success building a regional team and growing our Private Bank
presence as a whole.”
Hiller’s appointment in San Francisco is part of a series of strategic
moves made by the company to solidify its presence in the Bay Area,
including the opening of a flagship store in San Jose, and its 2012
acquisition of Circle Bank. These moves have enabled Umpqua to offer a
comprehensive suite of community banking, commercial lending, home
lending and business banking services to local consumers and businesses.
A flagship store in San Francisco’s financial district is slated to open
next month, and will mark Umpqua Bank’s eighth store in the region.
Before joining Umpqua, Hiller was director at Citi Private Bank. His
career also included senior wealth management positions at Morgan
Stanley Smith Barney, Wells Fargo Private Bank, and Bank of America. He
currently serves on the committee of the Notre Dame des Victories School
Buildings and Grounds, and is an active member of the San Francisco
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
seven years in a row on FORTUNE magazine’s list of the country’s “100
Best Companies to Work For,” and was recently named by The Portland
Business Journal, for the eighth consecutive year, Most Admired
Financial Services Company in Oregon, and the state’s fifth-most admired
company overall for 2012.
Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua
Investments, Inc., which offers services through Umpqua Bank stores and
in dedicated offices throughout Oregon, Washington and California.
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.
About Umpqua Private Bank
Umpqua Private Bank is a division of Umpqua Bank serving high net worth
individuals and nonprofits by providing customized financial products
and wealth management services. Umpqua Private Bank is headquartered in
Portland, Ore., and serves clients in Oregon, Washington and California.
For more information, visit http://umpquabank.com/privatebank.
For Umpqua Bank
Tom Biro, 862-485-0711
Source: Umpqua Bank