20 Percent Increase in Hours Volunteered Through Umpqua's Connect
PORTLAND, Ore.--(BUSINESS WIRE)--
As part of its Connect
Volunteer Network (Connect), Umpqua
Bank's associates contributed 30,896 volunteer hours in their local
communities in 2009. Umpqua had 76 percent of its associates participate
in Connect, an industry-leading volunteer program which provides each
full-time associate with 40 hours of paid time off per year to serve at
youth focused organizations, schools and community development programs.
The 2009 numbers reflect a 20 percent increase in the program's total
volunteer hours since 2008. This participation places Umpqua among the
top five percent of corporate employee volunteer programs, according to
the 2009 Community Involvement Index recently released by Boston
College Center for Corporate Citizenship.
"The generosity of Umpqua's associates is wonderful to see, particularly
in a year like 2009, when there was so much need in our communities,"
Davis, president and CEO of Umpqua Bank. "Umpqua's Connect Volunteer
Network connects us with the communities we serve every day while
helping to improve our schools, neighborhoods and nonprofit
organizations. Year over year I am impressed by the increase in
participation and impact of our associates and am excited to see the
instances of positive change that come through their involvement."
Six years after the program's inception, the Connect Volunteer Network
has donated a combined 111,800 volunteer hours and assisted more than 800
nonprofit organizations and schools from Seattle to Sacramento.
Benefiting organizations include local schools, youth mentoring
organizations, area food banks and housing shelters.
Umpqua associates continually rank the Connect program as one of the
bank's most-valued employee benefits and nearly one-third of its
participants say the program was their initial introduction to
volunteerism. The program is also one of the most attributed factors FORTUNE
magazine cited for including Umpqua on its list of "100
Best Companies To Work For" the past four years in a row.
About the Connect Volunteer Network
The Connect Volunteer Network provides full-time Umpqua Bank associates
with 40 hours of paid time off per year to volunteer at youth focused
organizations, schools and community development programs, which often
have a hard time filling their daytime volunteer positions.
Through the Connect Volunteer Network, Umpqua associates are given the
opportunity to choose the organization they would like to be involved
with. Associates engage in a variety of activities such as spending time
in schools, engaging in mentoring projects or dedicating their time to
local food banks -- all during their regular working hours.
Umpqua Bank has a strong support system for the volunteer program with
full board and executive backing, and extensive participation at every
level of the organization.
About Umpqua Bank
Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation (NASDAQ: UMPQ) and has 162 locations between San
Francisco, 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, The 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 a retail brokerage subsidiary, Umpqua Investments Inc., which
offers services through Umpqua Bank stores and in dedicated offices
throughout Oregon. Umpqua's Private Bank Division serves high net worth
individuals and non-profits providing customized financial solutions and
offerings. Umpqua Holdings Corporation is headquartered in Portland,
Ore. For more information, visit http://www.umpquabank.com.
Source: Umpqua Bank