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