• Umpqua Holdings Corporation
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  • Umpqua Bank Employees Contribute More Than 22,000 Community Service Hours in 2007
    1,200 Umpqua Bank Employees Serve Community Organizations Through the Connect Volunteer ProgramĀ 
    Company Release - 01/09/2008 06:00

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

    Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), contributed 22,125 associate volunteer hours through its Connect Volunteer Network in 2007. The Connect Volunteer Network is an industry-leading volunteer program that provides each full-time associate with 40 hours of paid time off per year to serve organizations and schools committed to youth and community development in Oregon, Washington and Northern and Central California. During the past year, 1,200 Umpqua associates volunteered in their community representing a 31 percent increase in associate participation and a 48 percent increase in the program's total volunteer hours from 2006.

    "I am impressed with the commitment our associates have made to the Connect program and the positive changes they have made in their communities," said Ray Davis, president and CEO of Umpqua Bank. "What really matters are the everyday interactions between our associates and the community members they assist. Those interactions are where the benefits of being an involved corporate citizen are realized."

    Four years after the program's inception, the Connect Volunteer Network has donated a combined 55,183 volunteer hours and impacted more than 700 nonprofit organizations and schools from Seattle to Sacramento. Umpqua associates continually rank the Connect program as one of the most-valued employee benefits. The program was one of the main attributes noted in Fortune Magazine's evaluation of 2007's "100 Best Companies To Work For."

    "The Connect Volunteer Network inspired me to get involved in my community. Through my involvement with my local children's relief nursery I've grown personally and professionally. The program has allowed me to better understand the needs of my community, while working to make it a better place to live and work," said Kris Wolfram, vice president and associate relations partner at Umpqua Bank. Wolfram was Umpqua Bank's 2007 Volunteer of the Year.

    About the Connect Volunteer Network

    The Connect Volunteer Network provides full-time Umpqua Bank associates with 40 hours of paid time off per year to volunteer at youth-focused organizations, schools and community development programs, which often have a hard time filling their daytime volunteer positions.

    Through the Connect Volunteer Network, Umpqua associates are given the opportunity to choose the organization they would like to be involved with. Associates engage in a variety of activities such as spending time in schools, engaging in mentoring projects or dedicating their time to local food banks -- all during their regular working hours.

    Umpqua Bank has a strong support system for the volunteer program with full board and executive backing, and extensive participation at every level of the organization.

    About Umpqua Bank

    Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 147 locations between Napa, Calif. and Bellevue, Wash., along the Oregon and Northern California Coast and in both Central California and Central Oregon. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including the Wall Street Journal, New York Times, BusinessWeek, Fast Company and CNBC. The company also ranked 34th on Fortune Magazine's 2007 list of the country's "100 Best Companies To Work For." 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 http://www.umpquabank.com/.

    Source: Umpqua Bank


    Contact: Umpqua Bank Nicole Stein, 503-727-4130 NicoleStein@UmpquaBank.com or LANE PR Shannon Riggs, 503-546-7885 shannon@lanepr.com