National Honor Recognizes Organizations Dedicated to Employee
Well-Being and Community Service
PORTLAND, Ore.--(BUSINESS WIRE)--
Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), has
been named to the Center for Companies That Care 2010 Honor Roll. The
Center for Companies That Care, a national, not-for-profit organization,
recognizes organizations that provide a thriving work environment for
employees and are committed to community service. This is Umpqua Bank's
third consecutive year to make the Companies That Care Honor Roll.
"We are honored to once again have our corporate philosophy and
hard-working associates recognized on the Companies That Care Honor
Roll," said Ray Davis, president and CEO of Umpqua Bank. "Umpqua's
strength is made possible by the commitment of our associates who make a
difference inside our workplace and in the markets in which we operate.
I am very proud of their dedication to our customers and communities."
The Honor Roll is selected by an independent panel of seasoned
professionals in a variety of industries. Umpqua Bank, like the other
companies named to the list, excels in the 10 Characteristics inherent
to a "Company That Cares," which include: developing employees and
leaders, supporting the pursuit of work/life balance, sustaining a work
environment founded on dignity and respect for all employees, providing
competitive compensation and benefits, and volunteering in the community.
"We are extremely impressed that during a tough economy the Honor Roll
employers - such as Umpqua Bank - are doing whatever they can to sustain
individuals, families, and communities. Not increasing employees'
benefits costs, decreasing expenses in other areas to keep providing
merit increases and recognition programs, and continuing to engage
employees in community service are just a few actions these employers
have taken," said Marci Koblenz, co-founder and president of Center for
Companies That Care.
Those named to the 2010 list feature U.S. organizations that are large,
medium and small, public and private, for-profit and not-for-profit, in
diverse industries headquartered in 18 states. A full list of recognized
employers appears at www.companies-that-care.org.
The Honor Roll is announced annually in conjunction with the annual
launch of CAREDAYS, a month-long national initiative to engage
individuals and employers in activities addressing a significant
societal issue in our communities. CAREDAYS10 supports childhood
literacy by providing books to under-resourced classroom libraries.
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.
About Center for Companies That Care
Center for Companies That Care is a national, not-for-profit
organization dedicated to enhancing the well-being of employees and
communities by encouraging employers to integrate the 10 Characteristics
of Companies That Care into their daily business practices. For more
about Center for Companies That Care, the Honor Roll process, 2010 Honor
Roll recipients or CAREDAYS10: Terrific Tales, visit www.companies-that-care.org
or call 312-661-1010.
Source: Umpqua Bank