PORTLAND, Ore.--(BUSINESS WIRE)--
Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of
Umpqua Bank and Strand, Atkinson, Williams & York Inc., realigned its
commercial banking division under one executive. With the new
structure, Dave Edson will lead Umpqua's commercial banking division
throughout its footprint, with executives in each state reporting to
him.
Edson, who previously oversaw commercial, retail and private
client services divisions as president of Oregon and Washington, will
now focus completely on building the commercial division for the
company which also includes government guaranteed lending and treasury
management. Edson will work with outgoing California president Bill
Fike during the transition and before his retirement at the end of
April.
"Dave is a proven leader with a deep understanding of the banking
industry and a driving force within Umpqua's executive leadership
team. With the previously announced reorganization of our retail
division, he is now able to focus his efforts solely on growing our
commercial operations," said Ray Davis, president and CEO of Umpqua
Bank. "I'm confident that Dave's leadership and the regional expertise
of our commercial banking officers will continue to expand Umpqua
throughout our market area."
Edson will oversee the regional executives who manage local
commercial banking operations and continue to report to Davis.
Following the restructure, California commercial executive vice
presidents Robin Hampton and Tim Jones, and government guaranteed
lending manager and senior vice president Bob Moore, will report to
Edson.
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