PORTLAND, Ore., Dec. 22 /PRNewswire-FirstCall/ -- Umpqua Holdings
Corporation (Nasdaq: UMPQ), parent company of Umpqua Bank and Strand,
Atkinson, Williams & York, Inc., today announced that its board of directors
approved a quarterly cash dividend of $0.12 per common share, up 50% from the
third quarter 2005 dividend of $0.08 per common share. The dividend is
payable on January 13, 2006 to shareholders of record as of December 30, 2005.
This quarterly dividend represents a 100% increase from the second quarter
2005 dividend of $0.06 per common share.
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"Today's announcement reflects the confidence the board of directors has
in Umpqua's ability to continue to deliver on our stated business strategy,"
said Ray Davis, president and chief executive officer of Umpqua. "We are
pleased to provide the benefits of consistent earnings growth, and maintenance
of a strong capital position, allowing us to declare this increased cash
dividend to our shareholders."
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 94 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.
SOURCE Umpqua Holdings Corporation
/CONTACT: Ray Davis, President & CEO, +1-503-727-4101, or
email@example.com, or Dan Sullivan, EVP & CFO, +1-503-727-4103, or
firstname.lastname@example.org, both of Umpqua Holdings Corporation/
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/Web site: http://www.umpquaholdingscorp.com /
CO: Umpqua Holdings Corporation
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