VANCOUVER, Wash.--(BUSINESS WIRE)--
Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and
pioneering community bank, opened a "neighborhood store" in Vancouver,
Wash. Located at 720 Esther St. in Esther Short Commons, the new
location is one of five Umpqua Bank neighborhood stores, which redefine
conventional banking practices and design. Similar to cafes and other
gathering places, Umpqua's neighborhood stores are embedded in
established neighborhoods, providing residents and visitors with an
engaging space to browse local merchandise, shop online, enjoy a cup of
coffee and learn about community events and resources - in addition to
"Led by Mayor Pollard, Vancouver has done a great job revitalizing its
downtown and we are very pleased to be a part of it through this new
store," said Ray Davis, president and CEO of Umpqua Bank. "Our
neighborhood stores have been designed to foster community while
providing residents and businesses with the financial resources they
need. We see Esther Short Commons as the perfect location to do both."
Umpqua Bank's neighborhood store strategy reduces the bank's
construction costs and building time by approximately 50 percent. The
stores are designed as neighborhood hubs - smaller spaces where every
square inch is maximized to provide personalized, community-focused
The 1,500-square-foot store is Umpqua's fifth retail location in
Vancouver and will be managed by Naomi Camargo who previously served as
store manager at Umpqua's Vancouver Mill Plain location. The store will
be open Monday through Thursday from 9:00 a.m. to 5:00 p.m., Fridays
from 9:00 a.m. to 6:00 p.m., and Saturdays from 9:00 a.m. to 1:00 p.m.
Umpqua's Esther Short location is fully equipped to offer personal
banking, small business finance and commercial lending resources.
Umpqua Bank will host a series of community events in May and June to
celebrate the Esther Short neighborhood store opening.
Ribbon Cutting Ceremony: Tuesday, May 19 at 9:00 a.m.
Join the Vancouver Chamber of Commerce and Mayor Pollard for a ribbon
cutting ceremony at Umpqua Bank's Esther Short store on Tuesday, May 19
at 9:00 a.m. The ceremony is open to the public.
- Umpqua Bank Neighborhood Party and Open House: Tuesday, June 2 from
5:00 p.m. to 7:00 p.m.
Featuring local food and drinks, live music and picnic-themed giveaways,
Umpqua Bank will host a community party at Esther Short Park. The party
is open to the public. Please RSVP to Tasha Phelps at firstname.lastname@example.org
or by calling 360-573-4014.
About Neighborhood Stores
Unlike traditional banks, Umpqua's neighborhood stores feel more like
cafes and are designed as a place for the neighborhood to connect with
community information. In addition to bank products, stores feature
electronic bulletin boards that provide in-depth community information,
and neighborhood calendars, as well as access to computer cafes called
MyBooth that are equipped with community and online resources. The
stores also incorporate enhanced banking automation technologies,
including cash recyclers that maximize space and improve store associate
efficiency and security.
Umpqua's neighborhood stores feature a one-of-a-kind, interactive
Discover Wall. This multi-screen display delivers a choreographed video
experience to customers as well as an interactive sustainable
presentation of bank products and services, which allows customers to
print and takeaway only the materials they want and need.
Umpqua's neighborhood store concept is designed to be 1,500 square feet,
can be built in 45 days (compared to the industry average of 120 days),
and cuts construction costs by approximately 50 percent, while
delivering Umpqua's unique full-service banking upon completion.
About Umpqua Bank
Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation (NASDAQ: UMPQ) and has 151 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. 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