• Umpqua Holdings Corporation
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  • Umpqua Holdings Announces Quarterly Dividend
    Company Release - 12/19/2008 08:00

    PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua Bank and Strand, Atkinson, Williams & York Inc., today announced that its Board of Directors approved a quarterly cash dividend of $0.05 per common share. The dividend is payable on Jan. 15, 2009 to shareholders of record as of Dec. 31, 2008.

    "The Board of Directors lowered the quarterly dividend to $0.05 per common share in response to general economic conditions, and to reset our dividend payout ratio to be in line with our long-term historical average," said Ray Davis, president and CEO of Umpqua Holdings Corporation.

    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 148 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 President & CEO Ray Davis, 503-727-4101 raydavis@umpquabank.com or Umpqua Holdings Corporation EVP/Chief Financial Officer Ron Farnsworth, 503-727-4108 ronfarnsworth@umpquabank.com