Business & Finance
Business and FinanceBusiness and Finance 
Wed, June 9, 2010
Tue, June 8, 2010
Umpqua Bank Launches $10,000 Build Your Block Challenge
PORTLAND, Ore.--([ BUSINESS WIRE ])--[ Umpqua Bank ], a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), has launched the Build Your Block Challenge, a campaign that supports neighborhood enhancement projects. Kicking off at Umpquaa™s newest store location in Portland, Ore.a™s Sellwood-Moreland neighborhood, the $10,000 campaign is accepting project submissions online and onsite through July 9.
"By offering significant funding, plus support to bring the community project to life, we are demonstrating our true commitment to collaborative efforts that improve and connect communities in new ways."
Residents in the Sellwood-Moreland neighborhood are encouraged to submit a neighborhood project that they would like to see funded and conducted in their community. The field will be narrowed to three final ideas and residents will vote for the project that will be funded up to $10,000. Interested community members can submit their ideas via Facebook (by searching for Umpqua Bank Sellwood) and posting on the wall or by sharing their idea in person with an associate at Umpquaa™s Sellwood location on S.E. 13th and Bidwell.
aUmpqua Bank is committed to giving back to the neighborhoods where our stores reside,a said Nicole Stein, vice president of community responsibility for Umpqua Bank. aBy offering significant funding, plus support to bring the community project to life, we are demonstrating our true commitment to collaborative efforts that improve and connect communities in new ways.a
Community members are encouraged to submit any neighborhood project that would benefit area residents -- from a community garden to additional bike racks and benches. Community members are also asked to help spread the word about the campaign and help shape their favorite idea on the Umpqua Bank Sellwood Facebook page.
Build Your Block idea submissions are due by July 9 when all will be reviewed and narrowed to three potential winners. From July 19 through 30, Sellwood-Moreland residents are encouraged to visit the store to vote for the project they believe will make Sellwood-Moreland an even better neighborhood for living, working and playing. Once a winner is selected, Umpqua Bank will facilitate the development of the project from beginning to end, including the creation of project committees and volunteer opportunities for neighbors.
Later this year, Umpqua Bank will launch the Build Your Block Challenge in additional Portland neighborhoods where new Umpqua stores are planned, including the Alberta Arts district.
About Umpqua Bank
[ Umpqua 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 magazinea™s list of the countrya™s a100 Best Companies To Work For.a 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 ].