• Umpqua Holdings Corporation
email this
  • Umpqua Bank Gains Market Share in Oregon
    Bank Now Has State's Fifth-Largest Market Share 
    Company Release - 10/31/2007 17:47


    Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), now ranks fifth in Oregon in terms of market share, according to the Federal Deposit Insurance Corp.'s (FDIC) annual deposit market share report. Umpqua Bank now holds 7.23% of the Oregon market share, representing $3.47 billion in Oregon deposits.

    "I'm pleased to see Umpqua's long-term strategy validated by this statewide growth. We continue to focus on offering customers and the public comfortable, engaging stores that serve as hubs for the communities we serve -- while providing the highest-quality bank experience possible," said David Edson, president, Umpqua Bank Northwest. "It is particularly rewarding to see this growth in our home state of Oregon, where we've been headquartered for more than 50 years."

    The FDIC's Summary of Deposits reports market share based on deposit balances as of June 30, 2006, and June 30, 2007. View the report at: http://www2.fdic.gov/sod/index.asp.

    About Umpqua Holdings Corporation

    Umpqua Holdings Corporation (NASDAQ:UMPQ) 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 146 locations between Napa, Calif., and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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.umpquaholdingscorp.com.

    Source: Umpqua Holdings Corporation

    Contact: Umpqua Holdings Corporation Lani Hayward, 503-727-4132 lanihayward@umpquabank.com or LANE PR Eve Callahan, 503-546-7867 eve@lanepr.com