Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, Inc. today announced that its Board of Directors approved a special dividend of $0.05 per common share, and also approved a quarterly cash dividend of $0.15 per common share, which represents a 50% increase over the cash dividend declared the previous quarter.

“The increased quarterly dividend is due to the capital strength and the ongoing capital management here at Umpqua,” said Ray Davis, President and CEO of Umpqua Holdings Corporation.  “This action does not rule out the possibility of strategic acquisitions in the future, as we continue to deploy remaining excess capital for the benefit of our shareholders.  In addition, the special dividend was approved to catch up the first quarter dividend to the $0.15 per share level.  We thank our shareholders for their continued support.”

The special dividend is payable on June 14, 2013, to shareholders of record as of May 31, 2013.  The second quarter dividend is payable on July 15, 2013 to shareholders of record as of June 28, 2013.

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 locations between San Francisco, California, and Seattle, Washington, along the Oregon and Northern California Coast, Central Oregon and Northern Nevada. 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 Private Bank serves high net worth individuals and non-profits, providing trust and investment services. Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit www.umpquaholdingscorp.com.





This press release includes one or more forward-looking statement within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995, which management believes are a benefit to shareholders.  These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to various risk factors, including those set forth from time to time in our filings with the SEC.  You should not place undue reliance on forward-looking statements and we undertake no obligation to update any such statements.  In this press release we make a forward-looking statement about potential strategic acquisitions.   Specific risks that could cause results to differ from that forward-looking statement are set forth in our filings with the SEC and include, without limitation, the availability of acquisition opportunities, the competition for those opportunities, and regulatory requirements for elevated capital levels.

# # #

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), is expanding its Private Bank division into the Puget Sound region. The company has hired Elise Fortin, an industry veteran with more than 25 years of wealth management experience, as senior vice president and market leader. Fortin will be responsible for building Umpqua Private Bank’s team in the region and for delivering its high-touch, personally customized offerings to clients in Seattle and beyond.

Umpqua Private Bank combines the company’s trademark customer experience with Umpqua Investments’ retail brokerage affiliate to build customized solutions for clients with more than $3 million in net worth and $1 million in investable assets. The division’s expansion into the Puget Sound is fueled by its growth in Portland and increasing demand throughout the Pacific Northwest.

“Umpqua Private Bank has grown significantly in recent years as clients have recognized the value of our approach, which combines the sophisticated financial expertise and tools of a large institution with the genuine service and local engagement of a community bank,” said Kelly Johnson, executive vice president, wealth management. “Elise brings tremendous experience developing and expanding client and partner relationships, and with her leadership in the Puget Sound, we look forward to expanding our services to clients throughout the Pacific Northwest.”

Before joining Umpqua Private Bank, Elise was senior vice president at Wells Fargo Private Bank. Her career also includes senior business and sales management positions at Bank of America, Northern Trust Bank, Key Bank and First Union Bank as well as National Trust Company. She is an active member of the community, and has served a variety of organizations, including The French-American Chamber of Commerce, American Heart Association and Pacific Northwest Ballet.

About Umpqua Bank


Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, with locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. 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 seven years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state’s fifth-most admired company overall for 2012.

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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.

About Umpqua Private Bank


Umpqua Private Bank is a division of Umpqua Bank serving high net worth individuals and nonprofits by providing customized financial products and wealth management services.

Umpqua Private Bank is headquartered in Portland, Ore., and serves clients throughout the bank’s Oregon and Washington footprint. For more information, visit http://umpquabank.com/privatebank.

# # #

PORTLAND, Ore. – April 17, 2013 – Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments Inc., today announced first quarter 2013 net earnings available to common shareholders of $23.2 million, or $0.21 per diluted common share, compared to net earnings available to common shareholders of $27.8 million, or $0.25 per diluted common share for the fourth quarter of 2012, and $25.3 million, or $0.23 per diluted common share, for the same period in the prior year.

Operating earnings, defined as earnings available to common shareholders before gains or losses on junior subordinated debentures carried at fair value, net of tax; bargain purchase gains on acquisitions, net of tax; merger related expenses, net of tax; and goodwill impairment, were $24.4 million, or $0.22 per diluted common share for the first quarter of 2013, compared to operating earnings of $29.3 million, or $0.26 per diluted common share for the fourth quarter of 2012, and $25.7 million, or $0.23 per diluted common share, for the same period in the prior year.

Significant financial statement items for the first quarter of 2013 include:

• 
  
  
  Reduction in non-interest expense of 13% over fourth quarter 2012;
  
  
  



• 
  
  
  Mortgage banking revenue of $23.6 million on closed loan volume of $509 million;
  
  
  



• 
  
  
  Adjusted net interest margin (1) of 3.69%;
  
  
  



• 
  
  
  Non-covered, non-performing assets continue to decline, down to 0.69% of total assets;
  
  
  



• 
  
  
  Provision for non-covered loan and lease losses of $7.0 million and non-covered net charge-offs of $7.7 million;
  
  
  



• 
  
  
  The cost of interest bearing deposits declined 3 basis points on a sequential quarter basis to 0.34%;
  
  
  



• 
  
  
  Debt Capital Markets revenue of $1.6 million;
  
  
  



• 
  
  
  Tangible common equity ratio of 9.72%; and
  
  
  



• 
  
  
  Total risk-based capital of 16.76%, and Tier 1 common to risk weighted asset ratio of 12.77%.
  
  
  

For the complete press release click here

For the consolidated financial statements please click here

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 locations between San Francisco, California, and Seattle, Washington, along the Oregon and Northern California Coast, Central Oregon and Northern Nevada. 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 Private Bank serves high net worth individuals and non-profits, providing trust and investment services. Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit www.umpquaholdingscorp.com.

Umpqua Bank today launched “30 Days of Doing Good,” a month-long program to engage and support the community in giving back. As part of the campaign, Umpqua Bank will award a total of $25,000 in grants to nonprofit organizations and schools as selected by the community.

As part of “30 Days of Doing Good,” Umpqua Bank is also kicking off a month-long introduction to its new Learn to Earn financial literacy curriculum for grades K-5, which is available online at umpquabank.com/learntoearn. Umpqua associates are also available to teach the curriculum in local classrooms throughout the company’s footprint.

“30 Days of Doing Good” Photo Contest


Beginning today, Umpqua Bank invites community members to share photos that capture what’s great about the organizations and schools they value most on its Facebook. On April 17, 20 finalists will be randomly selected from all nominations that meet Umpqua’s grant-giving standards, with voting on Facebook through April 30. The winning five nonprofit organizations and five schools – ten grantees altogether – will be announced on May 1 and will each receive a grant of $2,500.

“Volunteerism and community giving is at the center of all we do at Umpqua Bank,” said Ray Davis, Umpqua Bank president and CEO. “Over the next 30 Days of Doing Good, we look forward to hearing from individuals in the community about how they volunteer and what matters to them, and to rewarding their efforts with grants to the organizations and schools they care about most.” 

Photos should illustrate or celebrate how your favorite nonprofit or school is making a difference in the community. Examples could include a group posing in front of a recently completed community service project, an “action shot” representative of the great work the group does, or a special teacher or school program.

Official nomination rules and additional information can be found at facebook.com/umpquabank. Those submitting nominations must be 18 years of age, agree to the contest rules and hold the rights (or permission) to post the photo as part of the nomination process. One photo can be submitted, per day, per person. Organizations and schools can nominate themselves.

Activating Financial Literacy Month


Umpqua Bank’s Learn to Earn curriculum was developed for grades K-5 to meet state education standards, exceed best practices, and include topics ranging from identifying coins and paper money to complex subjects such as income and expenses.

Umpqua associates across the company’s footprint in Oregon, Washington, California and Nevada are available to teach the curriculum in local classrooms. Teachers can easily request an interactive, in-class session online by visiting the Learn to Earn web site and clicking on “Find Us” to contact the nearest store.

Umpqua’s Connect Volunteer Network™


Established in 2004, Umpqua Bank’s Connect program has become a nationally-recognized volunteer program that provides associates with paid time-off each year—40 hours for full-time and 20 hours for part-time—to serve at youth-focused organizations, schools and community development programs.

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. In 2012, 93 percent of Umpqua associates participated in Connect, serving more than 46,000 hours across a wide variety of organizations and schools throughout the company’s footprint, including Junior Achievement, Dress for Success, Habitat for Humanity, Wounded Warrior Project.

About Umpqua Bank


Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, with locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. 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 seven years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state’s fifth-most admired company overall for 2012.

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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. 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), today announced that it has hired Rob Stornetta and Nicole Black as vice presidents and relationship managers at its Central Coast Agriculture and Commercial Banking Center, located in Templeton, Calif. Stornetta and Black bring deep experience in winery, vineyard, field crop and cattle finance, and expand the company’s presence in the region.





Umpqua’s Central Coast Agriculture and Commercial Banking Center, which opened in January 2013, provides business financing, including operating, equipment and real estate loans for farmers, ranchers and other local businesses. Stornetta and Black join Mark Pearce, senior vice president, and Ashley Ogden, assistant relationship manager, to form the company’s core commercial team in the region.





“Nicole and Rob each bring a wealth of knowledge to our team in Templeton and augment Umpqua’s existing commercial and agricultural expertise for clients,” said Mark Pearce, senior vice president and Central Coast Agriculture and Commercial Banking Center manager. “Serving the unique needs of customers all along the Central Coast is critical to the region’s growth, and adding two leaders who live and breathe the agricultural business positions us, and more importantly, our customers, for long-term success.”





Before joining Umpqua, Rob Stornetta served as vice president for Farm Credit West in its Templeton office, serving winery and agribusiness customers for more than five years. He is a graduate of Cal Poly – San Luis Obispo and is originally from Sonoma, Calif., where his family is deeply involved in the agriculture industry, including the vineyard and winery businesses.





Nicole Black was also formerly with Farm Credit West in Templeton, where she began her career. As assistant vice president, Black served vineyard, field crop and cattle customers across all parts of their operation finance needs. She holds a degree in Business Administration and Management from Cal Poly – San Luis Obispo and is originally from Healdsburg, Calif., where her family is involved in wine grape vineyards.





About Umpqua Bank


Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation with locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. 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 seven years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state’s fifth-most admired company overall for 2012.

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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.

PORTLAND, Ore. – March 12, 2013 – Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, Inc. today announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share. The dividend is payable on April 15, 2013 to shareholders of record as of March 29, 2013.





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 locations between San Francisco, California, and Seattle, Washington, along the Oregon and Northern California Coast, Central Oregon and Northern Nevada. 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 Private Bank serves high net worth individuals and non-profits, providing trust and investment services. Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit www.umpquaholdingscorp.com.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), opens the doors to its latest flagship location today in San Jose, Calif., adding its high-touch community and business banking services to the downtown neighborhood.

The San Jose flagship, the first of two Bay Area stores set to open in 2013, features Umpqua’s innovative retail store design. Customers will be greeted at the 225 West Santa Clara location by Umpqua’s Discover Table, an interactive touchscreen featuring local events and details about the store’s products and services, as well as free wi-fi, and a reCharge Bar for visitor use and convenience. Like all Umpqua Bank stores, the San Jose flagship also features a phone with a direct line to the company’s CEO.

“San Jose is a global hub for innovative companies and ideas, and we’re pleased to add Umpqua’s unique form of banking to the region,” said Ray Davis, Umpqua Bank president and CEO. “The opening of this flagship location in San Jose, combined with our acquisition of Circle Bank last fall and upcoming San Francisco flagship store later this year, demonstrates our commitment to the area and we look forward to being an active member of the community.”

San Jose is Umpqua Bank’s seventh store in the greater Bay Area, joining locations in Noe Valley, Novato, Corte Madera, Santa Rosa, San Rafael and Petaluma. The store will be open from 9 a.m. to 6 p.m. Monday through Friday, and 10 a.m. to 2 p.m. on Saturday. In addition to the community bank on the first floor of the 225 West Santa Clara store, Umpqua Bank’s commercial lending, home lending and business banking teams will also be located in the building, providing a full complement of banking services to consumers and businesses in San Jose.

About Umpqua Bank

Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation with locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. 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 seven years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state’s fifth-most admired company overall for 2012.

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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. 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), today announced that it has promoted Erick Kostuchek to the role of senior vice president and regional executive. In this capacity, he will be responsible for leading the company’s growth in the Bay Area. Kostuchek joined Umpqua Bank as part of its Circle Bank acquisition in 2012, where he served as senior vice president of branch administration and sales.





With previously announced flagship store openings in San Jose and San Francisco coming in 2013, Umpqua recognized the opportunity to tap Kostuchek’s strong knowledge of both the marketplace and Umpqua’s culture. This appointment ensures that as the company expands in the region, it delivers on its commitment to its customers and belief that being a community bank means being part of the communities in which you operate.





“When Circle Bank joined Umpqua Bank in 2012, our motivation wasn’t simply about strengthening our presence in Northern California,” said Rick Calero, executive vice president, Community Banking. “We recognized an extremely talented team, and Erick’s leadership in building that team. His work in Novato and San Mateo for the better part of the last decade make him an ideal choice to lead us forward in the Bay Area.”





Before joining Circle Bank, Kostuchek served as vice president for First National Bank of Northern California in San Mateo. He previously held senior leadership roles for Independence Community Bank and Wachovia Bank in New York, and California Federal Bank in San Francisco. He began his career in finance at Bank of America in San Francisco. He holds a degree in Business Administration from San Francisco State University, is a founding member of Vistage International, and sat on the board of directors for the Children’s Aid Society.





About Umpqua Bank


Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation with locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. 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 seven years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state’s fifth-most admired company overall for 2012.

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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.

PORTLAND, Ore. – January 24, 2013 – Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments Inc., today announced fourth quarter 2012 net earnings available to common shareholders of $27.8 million, or $0.25 per diluted common share, compared to net earnings available to common shareholders of $25.0 million, or $0.22 per diluted common share for the third quarter of 2012, and $21.3 million, or $0.19 per diluted common share, for the same period in the prior year. For the full year 2012, the Company reported net earnings available to common shareholders of $101.2 million, or $0.90 per diluted common share, compared to net earnings available to common shareholders of $74.1 million, or $0.65 per diluted common share for the prior year.

Operating earnings, defined as earnings available to common shareholders before gains or losses on junior subordinated debentures carried at fair value, net of tax; bargain purchase gains on acquisitions, net of tax; merger related expenses, net of tax; and goodwill impairment, were $29.3 million, or $0.26 per diluted common share for the fourth quarter of 2012, compared to operating earnings of $25.4 million, or $0.23 per diluted common share for the third quarter of 2012, and $21.6 million, or $0.19 per diluted common share, for the same period in the prior year. For the full year 2012, the Company is reporting operating earnings of $103.9 million, or $0.93 per diluted common share, compared to operating earnings of $75.7 million, or $0.66 per diluted common share for the prior year.

Significant financial statement items for the fourth quarter of 2012 include:


• Non-covered loans and leases grew $186 million and total non-covered loan commitments increased $266 million, excluding the amounts acquired through the Circle Bancorp acquisition;


• Mortgage banking revenue of $31.1 million on closed loan volume of $685 million;


• Total quarterly tax equivalent revenue of $151 million, an increase of 10% over the prior quarter;


• Adjusted net interest margin (1) of 3.72%;


• Completed the acquisition of Circle Bancorp, systems conversion to be completed in the first quarter of 2013;


• Non-covered, non-performing assets continue to decline, down to 0.75% of total assets, the lowest level since the second quarter of 2007;


• Provision for non-covered loan and lease losses of $4.9 million and non-covered net charge-offs of $4.3 million, the difference resulting from growth in non-covered loans during the period;


• The cost of interest bearing deposits declined 6 basis points on a sequential quarter basis to 0.37%;


• Debt Capital Markets revenue of $2.9 million;


• Tangible common equity ratio of 9.35%; and


• Total risk-based capital of 16.19%, and Tier 1 common to risk weighted asset ratio of 12.25%.

Highlights for the full year of 2012 include:


• Organic non-covered loans and leases growth of $546 million, or 9%, and total non-covered loan commitments increased $740 million;


• Commercial Banking loan production of $1.57 billion, a 14% increase over prior year;


• Provision for non-covered loan losses declined 53% year over year to $21.8 million;


• Net non-covered charge-offs declined 47% year over year to $29.4 million;


• Non-covered non-performing assets declined 30%, to 0.75% of total assets;


• Mortgage banking revenue of $84.2 million on closed loan volume of $2.2 billion;


• Total annual tax equivalent revenue of $551 million, an increase of 6% year over year;


• Net interest margin declined 17 basis points to 4.02% and adjusted net interest margin (1) declined 9 basis points to 3.86% over prior year.

"Excellent loan growth, record revenue totals and continued credit quality improvements highlight this quarter’s performance," said Ray Davis, president and CEO of Umpqua Holdings Corporation. "As we enter 2013, we remain focused on delivering shareholder value through continued loan growth, diversification of our revenue streams in light of the low interest rate environment, and deployment of excess capital."

For the complete release please click here





For the consolidated financial statements please click here





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 185 locations between San Francisco, California, and Seattle, Washington, along the Oregon and Northern California Coast, Central Oregon and Northern Nevada. 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 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 www.umpquaholdingscorp.com.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), set new marks for community engagement, with 2,175 of the company’s associates volunteering 46,730 hours to 1,757 organizations across four states. Just one year after setting a new industry standard with 90% participation and more than 45,000 hours of service, 93% of Umpqua Bank associates in Oregon, Washington, California and Nevada actively volunteered in 2012.

“At Umpqua, we believe we have an obligation to give back, and that being a good corporate citizen begins with making it possible for our associates to serve our communities actively,” said Ray Davis, president and CEO of Umpqua Bank. “Our Connect Volunteer Network is a benefit Umpqua associates across all divisions and levels value, and their generosity and passion is an inspiration.”

When compared to national averages for employer-supported service activities, Umpqua Bank’s participation almost triples the highest ranges, as compared to 2011/2 figures from the Carroll School of Management Center for Corporate Citizenship at Boston College.

Umpqua Bank attributes the success of the Connect program to three primary areas of focus:


o Culture Fit – Volunteer programs should be a natural extension of a company’s culture, reinforcing the organization’s strengths and points of differentiation. Establishing a volunteer program as a core value is key to making it a priority for employees.


o Executive Ambassadors – Successful volunteer programs have strong executive support, with executives actively setting an example by participating themselves. This top-down approach has proven successful in launching and retaining corporate volunteer programs.


o Easy to Use – Creating a program that is embedded into a company’s operations, allows for easy participation and shows the impact for the effort is critical to achieving high employee involvement.

Umpqua’s Connect Volunteer Network™


Established in 2004, Umpqua Bank’s Connect program has become a nationally-leading volunteer program that provides associates with paid time-off each year—40 hours for full-time and 20 hours for part-time—to serve at youth-focused organizations, schools and community development programs.


Through the Connect Volunteer Network™, Umpqua associates are given the opportunity to choose the organization where they would like to be involved. Associates participate in a variety of activities such as spending time in schools, engaging in mentoring projects or dedicating their time to local food banks. 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.


Connect has been cited as a key factor in Umpqua’s inclusion on FORTUNE Magazine’s list of the country’s “100 Best Companies to Work For” the past seven years.


In 2012, Umpqua associates served a wide variety of organizations and schools across the company’s footprint, including Junior Achievement, Dress for Success, Habitat for Humanity, Wounded Warrior Project.

About Umpqua Bank


Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation with locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. 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 seven years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state’s fifth-most admired company overall for 2012.

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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.