• Umpqua Holdings Corporation
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  • Umpqua Bank Establishes International Banking Division in San Francisco
    30-year Veteran of International Trade Finance to Lead New GroupĀ 
    Company Release - 05/05/2009 08:00

    PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has established an international banking division in its San Francisco commercial offices to serve the financing needs of small and middle-market companies involved in international trade. The bank named Anthony Oriti, an international trade finance executive with more than 30 years of industry experience, to lead the new venture.

    "Many businesses choose to bank with a local bank that is invested in the community, yet also have a need for international banking services. By establishing an international banking division, our customers now have access to financial resources with global reach," said Ray Davis, president and CEO of Umpqua Bank. "We are pleased to welcome Anthony Oriti to Umpqua and are confident that his wealth of expertise in international trade services will set Umpqua apart from the field in this exciting move to connect our community based services to the global community."

    Umpqua's international banking division will serve businesses throughout the Umpqua footprint with a full range of trade finance products and services. As a boutique office, the division will have the capability to provide personalized, responsive service. As part of one of the largest community banks in the region the division will also have the ability to offer 24-hour turnaround for certain document services and same-day for wires and foreign exchange services, saving clients time and money. Trade finance services offered by Umpqua's international banking division will include: commercial letters of credit (import and export), online letter of credit issuance, standby letters of credit, documentary collections, direct collections, bankers acceptance financing, trade cycle financing, pre- and post-export financing, and foreign exchange services.

    The responsibility of building up Umpqua's new international banking group falls to Oriti, who joins the bank as senior vice president and managing director of the division. He will oversee sales, operations, credit, systems, risk and export/import programs for the group. With more than 30 years of experience in international trade finance, Oriti has particular expertise building new trade finance operations, credit and marketing for banks expanding their product portfolios.

    Before joining Umpqua, Oriti served in senior management roles for international divisions at several banks including Bank of America. Oriti has received Small Business Administration Preferred Lender status in 2004, and the Export-Import Bank Small Business Bank Award in 2001. Oriti holds a Bachelor of Arts from Cleveland State University and an Executive MBA from Golden Gate University in San Francisco.

    About Umpqua Bank

    Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 150 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 has been recognized for the past three years in a row on FORTUNE magazine's 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: Media: Umpqua Bank Lani Hayward, 503-727-4132 lanihayward@umpquabank.com or L A N E PR Eve Callahan, 503-546-7867 eve@lanepr.com