• Umpqua Holdings Corporation
email this
  • Umpqua Holdings Corporation Announces Expansion and Extension of Share Repurchase Program
    Company Release - 04/19/2007 15:26

    PORTLAND, Ore.--(BUSINESS WIRE)--

    Umpqua Holdings Corporation (Nasdaq:UMPQ), parent company of Umpqua Bank and Strand, Atkinson, Williams & York, Inc., today announced that its Board of Directors has approved an amendment to its current stock repurchase program. The amendment increases the number of common shares that may be repurchased under the program from 2.5 million to 6.0 million shares. Under the amendment, the repurchase authorization is now set to expire June 30, 2009.

    About Umpqua Holdings Corporation

    Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 134 locations between Sacramento, Calif. and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Umpqua Bank has been recognized for its innovative customer experience and creative strategy by leading national publications including the Wall Street Journal, New York Times, BusinessWeek, Fast Company and CNBC. 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.

    This press release includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995, which management believes are a benefit to shareholders. These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to certain risk factors, including those set forth from time to time in the company's filings with the SEC. You should not place undue reliance on forward-looking statements and we undertake no obligation to update any such statements. Specific risks in this press release include the fact that there can be no assurance that the company will repurchase any shares nor is there any assurance as to the timing, amount or cost of any repurchases.

    Source: Umpqua Holdings Corporation


    Contact: Umpqua Holdings Corp. President & CEO Ray Davis, 503-727-4101 raydavis@umpquabank.com or Umpqua Holdings Corp. EVP & CFO Dan Sullivan, 503-727-4103 dansullivan@umpquabank.com