• Umpqua Holdings Corporation
email this
  • Umpqua Named South Waterfront's Community Bank of Choice
    Company Release - 09/29/2005 17:14
                       Bank Announces Plans for Next Generation
                           Retail Bank in New Neighborhood

    PORTLAND, Ore., Sept. 29 /PRNewswire-FirstCall/ -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (Nasdaq: UMPQ), has been selected by South Waterfront developers Williams and Dame and Gerding Edlen Development Company as the South Waterfront's community bank of choice. As part of the partnership, Umpqua will create its next generation flagship store within the South Waterfront. Its current flagship store in Portland's Pearl District redefined the idea of banking and was recently selected by Microsoft as the ideal venue for a video that demonstrates Microsoft's Experience Banking initiative due to its innovative approach to customer service and store design. In addition to its South Waterfront flagship store, Umpqua will also help sustain the future growth of the community with ATMs and service sites throughout the neighborhood.

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

    "Portland's South Waterfront development will have a tremendous impact that reaches far beyond Portland," said Ray Davis, Umpqua CEO. "Like Umpqua, it draws on innovative design and technology to create a new way to live and work. Umpqua is honored to be chosen as this new neighborhood's community bank of choice and looks forward to creating the next generation Umpqua store that reflects our shared commitment to innovation."

    "Umpqua is a bank unlike any other, one that continues to transform its industry while maintaining a strong commitment to community," said Homer Williams, Williams and Dame. "As we looked at this new neighborhood, this opportunity to create something that's never been done before, we couldn't think of a more fitting community partner than Umpqua."

    Umpqua's Next Generation Concept Store

    Umpqua is currently negotiating to secure a site for its flagship store in the South Waterfront and plans to begin construction in 2006. Building on the innovative design Umpqua brought to its flagship Pearl store, Umpqua will again redefine the concept of a bank in its South Waterfront store using emerging and advanced technology solutions.

    About the South Waterfront District

    With an estimated value of $1.9 billion, the South Waterfront development is the largest economic development in Portland and one of the largest in the country. On 38 acres of South Waterfront property, The River Blocks will be an unprecedented and sustainable urban neighborhood, bridging residential, retail, medical facilities and natural green spaces. The development is a public/private partnership between the developers, the City of Portland, the Portland Development Commission and OSHU. For more information, visit the web site at www.thesouthwaterfront.com.

    About Umpqua Bank

    Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation and 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, Ore. For more information, visit www.umpquabank.com.

    About Williams and Dame Development

    Williams and Dame name has become synonymous with developments that illustrate what makes Portland, Ore., one of the country's most livable cities. They were one of the driving forces behind turning a former warehouse district into the trendy and vibrant Pearl District and are proponents of high-density, urban living and is a living example of this philosophy.

    SOURCE  Umpqua Holdings Corporation
        -0-                             09/29/2005
        /CONTACT:  Lani Hayward of Umpqua Bank, +1-503-727-4132, or
    LaniHayward@UmpquaBank.com; or Eve Callahan of LANE, +1-503-546-7867, or
    eve@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.comhttp://www.umpquabank.com /
    CO:  Umpqua Holdings Corporation; Umpqua Bank; Williams and Dame Development
    ST:  Oregon, California, Washington
    IN:  FIN RLT
    SU:  PDT
    -- SFTH078 --
    4104 09/29/200517:14 EDThttp://www.prnewswire.com