July 25, 2014 7:28 PM ET

Banks

Company Overview of Umpqua Bank

Company Overview

Umpqua Bank, a community bank, provides personal and business banking solutions. The company offers checking, savings, and money market accounts; debit cards; certificates of deposit; individual retirement, education savings, and health savings accounts; online banking and bill pay, mobile banking, merchant, payroll, and overdraft protection services; and loans and lines, including mortgage loans and credit cards. It provides lines of credit, equipment loans, real estate loans, SBA lending, and capital market services; and treasury management services, which include collections and deposits, payments and disbursements, information management, funds management, and fraud control tools for cli...

1 SW Columbia Street

Suite 150

Portland, OR 97258

United States

Founded in 1953

Phone:

503-973-5945

Fax:

503-973-5943

Key Executives for Umpqua Bank

Chief Executive Officer
Age: 64
Chief Financial Officer and Executive Vice President
Age: 43
Chief Operating Officer and Senior Executive Vice President
Age: 65
Executive Vice President and President of Commercial Banking
Age: 51
President of Consumer Banking
Age: 50
Compensation as of Fiscal Year 2014.

Umpqua Bank Key Developments

Laureen Seeger to Resign from the Board of Directors of Umpqua Holdings Corporation and Umpqua Bank, Effective August 31, 2014

On July 22, 2014, Laureen Seeger provided notice of her resignation from the Board of Directors of Umpqua Holdings Corporation and Umpqua Bank, effective August 31, 2014. Ms. Seeger is resigning in connection with the commencement of her employment as General Counsel of American Express Company due to the Depository Institution Management Interlocks Act and federal bank regulatory policy.

Umpqua Bank Announces Consolidation of 27 Stores as Part of Merger Integration

Umpqua Bank announced that it will be consolidating 27 stores this year as a result of its April 2014 merger with Sterling Financial Corporation. Store consolidations will begin in September and continue through the end of 2014. Umpqua has notified all customers affected by these consolidations, and will be automatically transferring customer accounts to the most convenient store, most of which are less than a mile from the previous location. The decision to consolidate a limited number of store locations was one that it considered carefully from the moment it first explored merging with Sterling. At this time, no additional store consolidations have been finalized, although a number of stores are still under review for potential consolidation in 2015.

Umpqua Bank to Continue to Advance Bank Store Concept with Newest Location in Portland, Ore

Umpqua Bank announced that the newest iteration of its neighborhood store concept will open in the first quarter of 2015 at 710 SW Yamhill Street in Portland, Ore. The Fox Tower store will build on design innovations introduced in the stores Umpqua has opened most recently in San Jose, San Francisco and Seattle.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 19, 2014
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Bankruptcy
October 22, 2013
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