PORTLAND, Ore., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), today announced the formation of Umpqua Capital Markets to support middle-market businesses focused on strategic growth and M&A opportunities. The bank has hired industry veteran Chad Riddle, former director of investment banking at KeyBanc Capital Markets, to lead the new division as managing director.
According to Tory Nixon, Umpqua Bank’s head of commercial & wealth, today’s announcement reflects the latest development in Umpqua Bank’s focus on expanding its commercial banking capabilities and position as a comprehensive, full-service bank of choice for high-growth West Coast companies.
“We have had some very high-powered corporate banking teams join Umpqua in the last 12 months, many of which have experience in partnering with investment bankers to deliver solutions for clients,” said Nixon.
“The addition of a capital markets division marks another important milestone in Umpqua’s capacity to serve middle-market business customers,” Nixon continued. “Our goal is to provide these businesses with remarkable, customer-centric service across their full-spectrum of needs. This includes advising them on the critical and complex decisions they face raising private capital, making acquisitions, and selling their companies. Chad’s expertise, leadership and success helping middle-market companies identify and explore strategic opportunities make him an ideal fit to build this aspect of our services.”
Riddle brings nearly 20 years of investment banking experience to his new role. At KeyBanc Capital Markets, Riddle led a West Coast investment banking team focused on middle-market companies, both private and public, with expertise structuring and executing strategic M&A for customers. Before joining KeyBanc Capital Markets, Riddle spent a decade at Wells Fargo Securities, where he served as senior vice president of investment banking and managed M&A and capital markets transactions for Pacific Northwest companies.
Under Riddle’s leadership, Umpqua Capital Markets will provide strategic advice and transaction execution to growth-oriented companies, with a specific focus on M&A activity. The offering complements the bank’s expanding suite of business services targeting middle-market companies. Last fall, Umpqua Bank launched a new corporate banking division to provide dedicated resources and a full range of corporate banking products, including debt capital markets, international banking, and treasury management solutions.
About Umpqua Capital Markets
Umpqua Capital Markets is a trade name under which corporate and investment services of Umpqua Holdings Corporation and its subsidiaries, Umpqua Bank and Umpqua Investments, Inc, are marketed. Securities products and services are offered by Umpqua Investments, Inc., (Member FINRA/SIPC) through its licensed security representatives, who may also be employees of Umpqua Bank. Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value. Banking products and services are provided by Umpqua Bank.
Umpqua Capital Markets provides in-depth capital markets and M&A advisory services to high-growth, middle-market companies across a wide range of industries, including business services, consumer goods, health care, industrial, technology and financial services.
About Umpqua Bank & Umpqua Investments
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California and 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 eight 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 the Most Admired Financial Services Company in Oregon for the twelfth consecutive year. In addition to its retail banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to small businesses.
A subsidiary of Umpqua Holdings Corporation, Umpqua Investments, Inc., provides retail brokerage and investment advisory services in offices throughout Washington, Oregon, California and Nevada. 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.
Source: Umpqua Holdings Corporation