Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with The Point KWPT 100.3 and 102.7 FM this holiday season to deliver its annual Wish Upon a Star ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with The Point KWPT 100.3 and 102.7 FM this holiday season to deliver its annual Wish Upon a Star program in Humboldt County. The program, which grants the basic needs or special requests for individuals and families who are struggling and in need during the holiday season, has fulfilled more than $300,000 in wishes to communities throughout California and Oregon since the program first started in 1998. “As a community bank, Umpqua Bank takes its responsibility to the communities we serve very seriously and recognizes the need for programs like Wish Upon a Star, particularly now,” said Ray Davis, president and CEO of Umpqua Bank. “The Wish Upon a Star program is a terrific program, and an example of our associates’ dedication to helping their neighbors during the holidays and throughout the year.” Since its inception, Umpqua Bank’s Wish Upon a Star program has granted more than 380 holiday wishes. Past wishes include providing a veteran a motorized scooter to increase his mobility, helping a homeless family who recently moved off the street with basic apartment furnishings, and installing a wheelchair ramp for a child with muscular dystrophy. Nominate a Holiday Wish Now through Friday, Dec. 11, community members are encouraged to contact participating radio stations to nominate deserving friends, family members and neighbors. Wish Upon a Star nominations should explain why the nominee deserves to have their wish granted and include contact information. Submissions should be mailed to: Wish Upon a Star, PO Box 1007 Eureka, CA, 95502, e-mailed to wishhumboldt@yahoo.com, or faxed to 707.445.0950. Wishes Granted On Air Umpqua Bank’s Wish Upon a Star wishes will be granted on air, weekdays between Dec. 7 and Dec. 18. Listeners can tune in to KWPT 100.3 and 102.7 at 11:30 a.m. to hear holiday wishes come true. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com. ###
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with 99.9 KRKT-FM radio station this holiday season to deliver its annual Wish Upon a Star progra ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with 99.9 KRKT-FM radio station this holiday season to deliver its annual Wish Upon a Star program in Marion, Linn, Benton and Polk Counties. The program, which grants the basic needs or special requests for individuals and families who are struggling and in need during the holiday season, has fulfilled more than $300,000 in wishes to communities throughout California and Oregon since the program first started in 1998. “As a community bank, Umpqua Bank takes its responsibility to the communities we serve very seriously and recognizes the need for programs like Wish Upon a Star, particularly now,” said Ray Davis, president and CEO of Umpqua Bank. “The Wish Upon a Star program is a terrific program, and an example of our associates’ dedication to helping their neighbors during the holidays and throughout the year.” Since its inception, Umpqua Bank’s Wish Upon a Star program has granted more than 380 holiday wishes. Past wishes include providing a veteran a motorized scooter to increase his mobility, helping a homeless family who recently moved off the street with basic apartment furnishings, and installing a wheelchair ramp for a child with muscular dystrophy. Nominate a Holiday Wish Now through Friday, Dec. 11, community members are encouraged to contact participating radio stations to nominate deserving friends, family members and neighbors. Wish Upon a Star nominations should explain why the nominee deserves to have their wish granted and include contact information. Submissions should be mailed to: Wish Upon a Star, 2840 Marion St. S.E., Albany OR, 97322, online at www.krkt.com or faxed to 541.928.1261. Wishes Granted On Air Umpqua Bank’s Wish Upon a Star wishes will be granted on air, weekdays between Dec. 7 and Dec. 18. Listeners can tune in to 99.9 KRKT-FM at 7:40 a.m. to hear holiday wishes come true. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com. ###
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with The Voice of the Foothills AM 950 KAHI radio station this holiday season to deliver its annu ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with The Voice of the Foothills AM 950 KAHI radio station this holiday season to deliver its annual Wish Upon a Star program in Auburn, Calif. The program, which grants the basic needs or special requests for individuals and families who are struggling and in need during the holiday season, has fulfilled more than $300,000 in wishes to communities throughout California and Oregon since the program first started in 1998. “As a community bank, Umpqua Bank takes its responsibility to the communities we serve very seriously and recognizes the need for programs like Wish Upon a Star, particularly now,” said Ray Davis, president and CEO of Umpqua Bank. “The Wish Upon a Star program is a terrific program, and an example of our associates’ dedication to helping their neighbors during the holidays and throughout the year.” Since its inception, Umpqua Bank’s Wish Upon a Star program has granted more than 380 holiday wishes. Past wishes include providing a veteran a motorized scooter to increase his mobility, helping a homeless family who recently moved off the street with basic apartment furnishings, and installing a wheelchair ramp for a child with muscular dystrophy. Nominate a Holiday Wish Now through Friday, Dec. 11, community members are encouraged to contact participating radio stations to nominate deserving friends, family members and neighbors. Wish Upon a Star nominations should explain why the nominee deserves to have their wish granted and include contact information. Submissions should be mailed to: Wish Upon a Star KAHI, 985 Lincoln Way, Ste. 103, Auburn, CA, 95603 or e-mailed to wishuponastarauburn@hotmail.com, or faxed to 530.885.0166 Wishes Granted On Air Umpqua Bank’s Wish Upon a Star wishes will be granted on air, weekdays between Dec. 7 and Dec. 18. Listeners can tune in to KAHI at 4:20 p.m. to hear holiday wishes come true. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com. ###
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with 104.7 KDUK radio station this holiday season to deliver its annual Wish Upon a Star program ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with 104.7 KDUK radio station this holiday season to deliver its annual Wish Upon a Star program in Lane County. The program, which grants the basic needs or special requests for individuals and families who are struggling and in need during the holiday season, has fulfilled more than $300,000 in wishes to communities throughout California and Oregon since the program first started in 1998. “As a community bank, Umpqua Bank takes its responsibility to the communities we serve very seriously and recognizes the need for programs like Wish Upon a Star, particularly now,” said Ray Davis, president and CEO of Umpqua Bank. “The Wish Upon a Star program is a terrific program, and an example of our associates’ dedication to helping their neighbors during the holidays and throughout the year.” Since its inception, Umpqua Bank’s Wish Upon a Star program has granted more than 380 holiday wishes. Past wishes include providing a veteran a motorized scooter to increase his mobility, helping a homeless family who recently moved off the street with basic apartment furnishings, and installing a wheelchair ramp for a child with muscular dystrophy. Nominate a Holiday Wish Now through Friday, Dec. 11, community members are encouraged to contact participating radio stations to nominate deserving friends, family members and neighbors. Wish Upon a Star nominations should explain why the nominee deserves to have their wish granted and include contact information. Submissions should be mailed to: Wish Upon a Star, c/o 104.7 KDUK, 1500 Valley River Drive, Suite 350, Eugene, OR, 97401, or e-mailed to wishuponastar09@live.com. Wishes Granted On Air Umpqua Bank’s Wish Upon a Star wishes will be granted on air, weekdays between Dec. 7 and Dec. 18. Listeners can tune in to KDUK at 8:20 a.m. to hear holiday wishes come true. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com. ###
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with Country 99.7 The Mountain KMTK this holiday season to deliver its annual Wish Upon a Star pr ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with Country 99.7 The Mountain KMTK this holiday season to deliver its annual Wish Upon a Star program. Recognizing that need is increasing everywhere, including central Oregon, the program is expanding its presence and launching in Deschutes County. The program grants the basic needs or special requests for those individuals and families who are struggling and in need during the holiday season and has fulfilled more than $300,000 in wishes to communities throughout California and Oregon since its start in 1998. “As a community bank, Umpqua Bank takes its responsibility to the communities we serve very seriously and recognizes the need for programs like Wish Upon a Star, particularly now,” said Ray Davis, president and CEO of Umpqua Bank. “The Wish Upon a Star program is a terrific program, and an example of our associates’ dedication to helping their neighbors during the holidays and throughout the year.” Since its inception, Umpqua Bank’s Wish Upon a Star program has granted more than 380 holiday wishes. Past wishes include providing a veteran a motorized scooter to increase his mobility, helping a homeless family who recently moved off the street with basic apartment furnishings, and installing a wheelchair ramp for a child with muscular dystrophy. Nominate a Holiday Wish Now through Friday, Dec. 11, community members are encouraged to contact participating radio stations to nominate deserving friends, family members and neighbors. Wish Upon a Star nominations should explain why the nominee deserves to have their wish granted and include contact information. Submissions should be mailed to: KMTK Wish Upon a Star, PO Box 5037, Bend OR 97708, or e-mailed to steve@mountain997.com. Wishes Granted On Air Umpqua Bank’s Wish Upon a Star wishes will be granted on air, weekdays between Dec. 7 and Dec. 18. Listeners can tune in to KMTK at 9:45 a.m. to hear holiday wishes come true. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com. ###
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with Best Country 103, 104.3 SAM FM, News Radio 1240 KQEN, 101.1 FM and 1490 AM The Score this ho ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with Best Country 103, 104.3 SAM FM, News Radio 1240 KQEN, 101.1 FM and 1490 AM The Score this holiday season to deliver its annual Wish Upon a Star program in Douglas County. The program, which grants the basic needs or special requests for individuals and families who are struggling and in need during the holiday season, has fulfilled more than $300,000 in wishes to communities throughout California and Oregon since the program first started in 1998. “As a community bank, Umpqua Bank takes its responsibility to the communities we serve very seriously and recognizes the need for programs like Wish Upon a Star, particularly now,” said Ray Davis, president and CEO of Umpqua Bank. “The Wish Upon a Star program is a terrific program, and an example of our associates’ dedication to helping their neighbors during the holidays and throughout the year.” Since its inception, Umpqua Bank’s Wish Upon a Star program has granted more than 380 holiday wishes. Past wishes include providing a veteran a motorized scooter to increase his mobility, helping a homeless family who recently moved off the street with basic apartment furnishings, and installing a wheelchair ramp for a child with muscular dystrophy. Nominate a Holiday Wish Now through Friday, Dec. 11, community members are encouraged to contact participating radio stations to nominate deserving friends, family members and neighbors. Wish Upon a Star nominations should explain why the nominee deserves to have their wish granted and include contact information. Submissions should be mailed to: Wish Upon a Star, 1445 West Harvard, Roseburg, OR, 97470 or e-mailed to wish@bciradio.com, or faxed to 541.673.7598. Wishes Granted On Air Umpqua Bank’s Wish Upon a Star wishes will be granted on air, weekdays between Dec. 7 and Dec. 18. Listeners can tune in to KRSB, KKMK, KQEN and KSKR at 8:40 a.m. to hear holiday wishes come true. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com. ###
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with Country 103.1 KKCY and Sunny 101.5 KMJE radio stations this holiday season to deliver its an ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is partnering with Country 103.1 KKCY and Sunny 101.5 KMJE radio stations this holiday season to deliver its annual Wish Upon a Star program in Yuba, Sutter and Butte counties. The program, which grants the basic needs or special requests for individuals and families who are struggling and in need during the holiday season, has fulfilled more than $300,000 in wishes to communities throughout California and Oregon since the program first started in 1998. “As a community bank, Umpqua Bank takes its responsibility to the communities we serve very seriously and recognizes the need for programs like Wish Upon a Star, particularly now,” said Ray Davis, president and CEO of Umpqua Bank. “The Wish Upon a Star program is a terrific program, and an example of our associates’ dedication to helping their neighbors during the holidays and throughout the year.” Since its inception, Umpqua Bank’s Wish Upon a Star program has granted more than 380 holiday wishes. Past wishes include providing a veteran a motorized scooter to increase his mobility, helping a homeless family who recently moved off the street with basic apartment furnishings, and installing a wheelchair ramp for a child with muscular dystrophy. Nominate a Holiday Wish Now through Friday, Dec. 11, community members are encouraged to contact participating radio stations to nominate deserving friends, family members and neighbors. Wish Upon a Star nominations should explain why the nominee deserves to have their wish granted and include contact information. Submissions should be mailed to: Wish Upon a Star KKCY/KMJE, 861 Gray Ave., Suite K, Yuba City, CA 95991, online at www.gosunny.com or www.kkcy.com, or faxed to 530.673.3010. Wishes Granted On Air Umpqua Bank’s Wish Upon a Star wishes will be granted on air, weekdays between Dec. 7 and Dec. 18. Listeners can tune in to Country 103.1 KKCY at 7:20 a.m. and Sunny 101.5 FM KMJE at 3:20 p.m. to hear holiday wishes come true. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com. ###
UMPQUA INVESTMENTS INCREASES REVENUE, HIRES 39 Retail Brokerage Recruits Leading Talent and Expands Community Presence
Umpqua Investments Inc., a retail brokerage subsidiary owned by Umpqua Holdings Corporation (NASDAQ: UMPQ), has grown significantly since January with the addition of 27 experienced fi ...
Umpqua Investments Inc., a retail brokerage subsidiary owned by Umpqua Holdings Corporation (NASDAQ: UMPQ), has grown significantly since January with the addition of 27 experienced financial advisers whose collective revenue exceeds $8.5 million annually. As a result of this growth, total assets under its management have increased from $1.2 billion to more than $2.4 billion in the same time frame. In addition, the firm has hired 12 experienced staff members to provide the high level of personalized customer service people have come to expect from the Umpqua name. The firm is also looking to expand its presence by opening additional offices within Umpqua’s footprint throughout the next three to five years. “The industry has undergone tremendous change during the past year and we believe that we are uniquely positioned to offer comprehensive full service capabilities coupled with local leadership and decision making,” said John Noble, Umpqua Investments president and CEO. "We’ve attracted a team of dedicated professionals who are focused on being the best in class in an industry that is rapidly changing, and I am confident that we are well positioned for strategic and thoughtful growth.” "As an organization, Umpqua Investments focuses on the unique relationship between our clients and financial advisors,” said Jeani Winterbourne, director of business development for Umpqua Investments. “We work together to identify the needs of our clients and then develop and implement financial plans to meet those needs." New Umpqua Investments Financial Advisors: • John Bacialli • David Balk • Tony Barbisan • Jeffrey Crouch • Gregory Dostert • Perry Dulong • Douglas E. Eikenberry • Evan Hershey • Mark Hwee • Russell H. Jacobsen • Brian Joelson • Jeffrey Kantor • Collin Lindsey • Justin Lindsey • Douglas Lindsey • Dennis Lowenthal • Omar Marquez • William McShane • Daniel Murphy • Donald E. Murray • Tinh Nguyen • Duane Rodewald • Kevin Sahli • David Stockton • Donald Vanderlaag • John Vanscholten • Kevin Wilson Umpqua Investments plans to hire at least three additional financial advisors before year end. Formerly known as Strand, Atkinson, Williams & York, Umpqua Investments has served clients in the Pacific Northwest for more than 80 years, providing a full-range of investment brokerage services. About Umpqua Investments Umpqua Investments, Inc., formerly Strand, Atkinson, Williams & York Inc., was founded in Portland, Ore., in 1928. As a subsidiary of Umpqua Holdings Corporation, Umpqua Investments is a full-service investment brokerage with access to every trading market and 15 offices in Oregon and Northern California. Umpqua Investments, Inc. is not a bank. Securities offered by Umpqua Investments are not insured by the FDIC or any other federal government agency, are not a bank deposit or bank obligation and are not backed or guaranteed by any bank. All securities involve risk, including possible loss of principal. Member FINRA/SIPC. For more information, visit: www.umpquainvestments.com. About Umpqua Holdings Corporation Umpqua Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has 153 locations between Napa, Calif., and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com. ###
UMPQUA HOLDINGS REPORTS THIRD QUARTER 2009 RESULTS - Net loss available to common shareholders of $0.14 per share for third quarter - Non-performing assets as % of total assets declined to 1.70% during third quarter - Deposits increased $401 million during third quarter
Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, Inc. today announced a third quarter 2009 net loss of $7.1 million. Including preferre ...
Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, Inc. today announced a third quarter 2009 net loss of $7.1 million. Including preferred stock dividends of $3.2 million, the net loss available to common shareholders was $10.4 million, or $0.14 per diluted share.
Significant financial statement items for the third quarter of 2009 include:
“This past quarter was highlighted by the Company's $259 million capital raise, strong deposit growth of over $400 million and continued progress in resolving credit issues,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “As we wind down our exposure to residential development loans, management will remain as focused and aggressive on resolving troubled loans throughout other areas of our portfolio as they are identified. Until the national economy is on solid footing, we realize we will still have work to accomplish in leading Umpqua through the end of this recession. The management team here at Umpqua is confident that the company will emerge from this economy strong and ready to take advantage of future opportunities.”
Click here to read the full 2009 Q3 release. Click here to view the 2009 Q3 Consolidated Financial Statement
UMPQUA BANK AND FERGUSON WELLMAN FORGE STRATEGIC ALLIANCE Pacific Northwest Firms Join Forces to Provide Integrated Local Wealth Management Services
Umpqua Bank, a subsidiary of Umpqua Holdings Corp. (NASDAQ: UMPQ), and Ferguson Wellman Capital Management, a privately owned Pacific Northwest investment advisory firm, have formed a ...
Umpqua Bank, a subsidiary of Umpqua Holdings Corp. (NASDAQ: UMPQ), and Ferguson Wellman Capital Management, a privately owned Pacific Northwest investment advisory firm, have formed a strategic alliance to provide highly personalized investment strategies and services for individuals, families and nonprofits. Umpqua Bank and Ferguson Wellman will remain independent, but will work in exclusive partnership with one another to offer customers an expanded portfolio of wealth management products and services that combines private banking and asset management. “This alliance adds one of the final elements to Umpqua’s wealth management offerings, the ability to work with a highly respected firm to provide asset management services to our clients,” said Ray Davis, president and CEO of Umpqua Bank. “Through this partnership, we are uniting the expertise of two of Oregon’s most respected financial institutions. Like Umpqua Bank, Ferguson Wellman is committed both to its clients’ financial success and to the communities it serves – this is a perfect match.” Umpqua Bank’s wealth management division, launched in January 2009, includes the company’s retail brokerage, Umpqua Investments, and its private bank. The partnership with Ferguson Wellman expands Umpqua’s wealth management services to include asset management, creating a seamless wealth management option for clients of both companies. “Ferguson Wellman is pleased to enter into a strategic alliance with Umpqua’s wealth management division,” said James Rudd, principal and CEO for Ferguson Wellman. “Umpqua is one of the nation’s most respected regional community banks, has a strong history of financial integrity and holds a deep commitment to client service. The values of our organizations align well with one another, and I am confident that this alliance will benefit the clients of both organizations.” Founded in 1975, Ferguson Wellman advises more than 520 clients throughout the Pacific Northwest. The firm manages approximately $2.2 billion in assets (6/30/09) that comprise individuals and institutions – such as nonprofits, unions and corporate retirement plans – with portfolios in excess of $2 million. Through this partnership, Umpqua customers and advisors now have access to Ferguson Wellman’s staff of 17 portfolio managers and analysts, as well as its proprietary financial planning tools. Additionally, it allows the bank to broaden its wealth management services to include estate planning, tax considerations, college and retirement savings, major purchase advising, charitable giving consultation and business sale assistance. Through the alliance with Umpqua, Ferguson Wellman now has the ability to recommend exclusive private banking solutions to clients seeking customized lending and depository products. Umpqua Private Bank provides tailored financial services and products to affluent clients in the greater Portland area and is part of the community bank’s broader wealth management division. About Ferguson Wellman Capital Management Founded in 1975, Ferguson Wellman Capital Management is a privately owned investment advisory firm, established in the Pacific Northwest. With more than 520 clients, the firm manages $2.2 billion in assets (6/30/09) that comprise union and corporate retirement plans; endowments and foundations; and individuals with portfolios in excess of $2 million. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 150 locations between Napa, 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.