Bank Adds to Wealth Management Division, Tailors Financial
Products, Services to Provide Local Private Banking Option
PORTLAND, Ore.--(BUSINESS WIRE)--
Umpqua Private Bank, a new division of Umpqua
Bank, is open for business. Umpqua Private Bank serves high net
worth individuals in Portland, Ore., providing customized financial
solutions to customers with more than $3 million in net worth and $1
million in investable assets. Umpqua Bank, a subsidiary of Umpqua
Holdings Corp. (NASDAQ: UMPQ), announced the formation of its private
bank in August. The private bank is designed to augment Umpqua's
existing high-touch customer experience, and will work collaboratively
with the bank's affiliate retail brokerage, Umpqua Investments, to offer
a comprehensive, integrated approach that meets clients' financial goals.
"Umpqua Bank has managed to transform banking from a chore into an
enjoyable experience with world-class customer service and innovative
delivery systems," said Donna Huntsman, senior vice president and
manager of private banking. "Umpqua Private Bank will build on that high
level of service, experience and expertise, expanding our products and
service to cater to the unique needs of the private bank clientele."
Umpqua Private Bank is part of Umpqua's broader wealth management
expansion which began in late 2008 and is led by Kelly Johnson,
executive vice president of wealth management. Umpqua Bank has actively
recruited leading wealth management experts from throughout the
industry, including Johnson, Huntsman, and most recently, Jennifer
Flickinger, who specializes in Trust services. Flickinger recently
joined the bank from Wells Fargo'sPrivate Bank division.
"Umpqua Private Bank is Umpqua's response to market demand for a
trusted, all-inclusive, local private banking and wealth management
option," said Johnson. "The financial services industry has been shaken
dramatically during the past 18 months - and so have its customers.
Umpqua Bank has proven its position as an industry leader and one of the
most stable banks in the nation. Now we're looking to grow our offerings
by formally introducing the Umpqua experience to this segment of our
market."
Umpqua Private Bank is headquartered in Portland, Ore. at One SW
Columbia, Suite 1105, and serves clients in the greater Portland
metropolitan area and beyond. For more information about Umpqua Private
Bank, visit: www.umpquabank.com.
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,
Umpqua Investments (U.S.) Inc., which offers services through Umpqua
Bank stores and in dedicated offices throughout Oregon. Umpqua Bank's
Private Bank 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 Private Bank