• Umpqua Holdings Corporation
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  • Umpqua Bank Associates Give Back with 30,896 Hours of Community Service In 2009
    Company Release - 01/27/2010 12:26

    20 Percent Increase in Hours Volunteered Through Umpqua's Connect Volunteer Network

    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," said Ray 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

    Umpqua 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
    

    Contact: Umpqua Bank Nicole Stein, 503-727-4130 NicoleStein@umpquabank.com or LANE PR Eve Callahan, 503-546-7867 Eve@lanepr.com