• Umpqua Holdings Corporation
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  • Umpqua Holdings Corporation Launches Umpqua Investments
    Renames Strand, Atkinson, Williams & York,Grows brokerage firm under new leadership 
    Company Release - 07/15/2009 11:00

    PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank, has changed the name of its retail brokerage subsidiary, Strand, Atkinson, Williams & York, to Umpqua Investments, Inc. Founded in 1928, Strand Atkinson has served clients in the Pacific Northwest for more than 80 years, providing a full-range of investment brokerage services. The new name reflects the company's connection to its affiliate, Umpqua Bank, which provides custom banking services for its clients, and has delivered quality local investments with Strand Atkinson for 11 years.

    "Strand, Atkinson, Williams & York, now Umpqua Investments, has a tremendous heritage built over the past 80 years and its name has reflected that rich history," said Ray Davis, Umpqua Holdings Corporation president and CEO. "However, like Umpqua Bank, Umpqua Investments is focused on the future and positioning our communities to be stronger than ever. The firm's new name signifies that commitment, as well as the combination of innovation and service that Umpqua Investments provides its clients."

    "Umpqua Investments offers an important and increasingly unusual service: the depth and experience of a full-service national investment brokerage firm combined with the service and community-based presence of Umpqua Bank, one of the country's strongest community banks," said John Noble, Umpqua Investments president and CEO. "We're pleased to take the name of an organization whose history and values so similarly reflect our own."

    Umpqua Investments: Strategic Growth

    Recognizing the need for local investment options, Umpqua Investments is committed to growing and increasing accessibility to its services by identifying stand alone offices in key markets to augment both the bank and brokerage footprint. Since February 2009, Umpqua Investments has added 19 top tier financial advisors to the firm who collectively managed more than $775 million in client assets.

    About Umpqua Investments

    Umpqua Investments, Inc., formerly Strand, Atkinson, Williams & York, Inc., was founded in Portland, Ore., in 1928. It is a full-service investment brokerage with access to every trading market and 15 offices in Oregon and Northern California. For more information, visit: www.umpquainvestments.com.

    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 151 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, Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon. Umpqua Bank'sPrivate Bank 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.

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        Source: Umpqua Holdings Corporation

    Contact: Media Contacts: Umpqua Holdings Corporation Lani Hayward, 503-727-4132 LaniHayward@umpquabank.com or LANE PR Eve Callahan, 503-546-7867 Eve@lanepr.com