• Umpqua Holdings Corporation
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  • Umpqua Bank Restructures Retail Banking Division
    Decision-Making Stays in Local Communities 
    Company Release - 02/26/2008 13:29


    Umpqua Holdings Corporation (NASDAQ:UMPQ) has restructured its retail banking division to increase efficiencies across its California, Oregon and Washington markets. Six super regions have been established crossing the borders of all three states for improved alignment of all teams. Ric Carey, executive vice president of retail banking for Umpqua Bank, will work directly with the company's six regional managers to provide strategic emphasis on local retail sales and services.

    "As a community bank, Umpqua has always operated by engaging actively in our communities and empowering our associates to make the right decisions for our customers," said Ray Davis, president and CEO of Umpqua Bank. "We have an exceptional and seasoned group of regional managers who have been leading their markets effectively. Under Ric's leadership they will continue to have the authority and responsibility of local decision making and community development."

    Carey has overseen retail banking in Umpqua's Oregon and Washington markets for the past four years. In his new role, he will oversee retail banking for all three states, serve as a liaison between the company's regional management teams and Umpqua's executive leadership, and report directly to Davis.

    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 147 locations between Napa, Calif. and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Umpqua Holdings also owns a 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 Eve Callahan, 503-546-7867 eve@lanepr.com