New Hire is Part of Strategic Executive Management Reorganization:
Brad Copeland Promoted to Senior EVP, Chief Operating Officer
Mark Wardlow Promoted to EVP, Chief Credit Officer
PORTLAND, Ore.--(BUSINESS WIRE)--
Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), has
named Cort O'Haver as the company's executive vice president, commercial
banking. O'Haver brings more than 20 years of experience in Oregon,
Washington and California, most recently as executive vice president and
director of corporate banking for Mechanics Bank in Richmond, Calif.
Previously, he served at U.S. Bancorp as senior vice president Northwest
and Northern California regional manager, real estate banking.
In his new position, O'Haver will oversee all commercial lending and
report directly to Ray Davis, president and CEO of Umpqua Holdings
O'Haver's hire is part of a larger reorganization of Umpqua Bank's
executive management team. Brad Copeland, formerly the company's chief
credit officer, will now serve as the company's senior executive vice
president and first chief operating officer, overseeing all operations
including its community banking, mortgage, retail operations and
cultural enhancement divisions. Mark Wardlow, an executive vice
president and formerly Umpqua's senior credit officer, will now serve as
its chief credit officer.
"Cort combines strong experience in markets throughout Umpqua Bank's
footprint with a vision for the company's future that will be a critical
part of our growth and success moving forward," said Ray Davis,
president and CEO of Umpqua Bank. "Despite the challenging economic
environment, Umpqua Bank has grown significantly over the past year.
This success is in large part due to the skill and expertise of our
management and credit teams. Brad and Mark have been instrumental during
this time, and I'm very pleased they are moving into new roles that
position the company for continued growth."
About Umpqua Bank
Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation (NASDAQ:UMPQ) and has 176 locations between San
Francisco, Calif., and Seattle, 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 four 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