N@N

Umpqua Bank Receives High Level Lending Status from Export-Import Bank

^{Published on 2010-08-09 09:40:41 - Market Wire}
 

SAN FRANCISCO--([ BUSINESS WIRE ])--[ Umpqua Bank ], a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has been designated a High Level Delegated Authority Lender by the Export-Import Bank of the United States (Ex-Im Bank), the nationa™s official export credit agency.

"We are pleased to have received this designation from Ex-Im Bank so that we can better serve our international banking clients"

Under the Ex-Im Banka™s Working Capital Guarantee Program, the High Level designation allows Umpqua Bank to approve working capital loans without obtaining Ex-Im Banka™s prior approval. This designation enables Umpqua Bank to maximize efficiency when qualifying and funding export finance loans, ensuring a faster turnaround for exporters seeking working capital to fulfill overseas orders.

aWe are pleased to have received this designation from Ex-Im Bank so that we can better serve our international banking clients,a said Tony Oriti, senior vice president and managing director for Umpqua Banka™s International Banking Division. aHaving access to the financial resources needed to compete in the global marketplace is critical to the businesses we serve. As a high level delegated authority lender, we can now ensure that our clients receive prompt turnaround on the approval of larger export finance loans.a

Umpqua Banka™s International Banking Division is equipped to provide a comprehensive suite of banking solutions for businesses between Seattle to San Francisco that are involved in international trade.

About Umpqua Bank

[ Umpqua Bank ], headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 184 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 TheWall 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™slist 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 BankDivision serves high net worth individualsand non-profitsproviding customized financial solutions and offerings.Umpqua Holdings Corporation is headquartered in Portland, Ore.For more information, visit [ http://www.umpquabank.com ].

About Ex-Im Bank

Ex-Im Bank is the official export-credit agency of the United States. The independent, self-sustaining federal government agency helps to create and maintain U.S. jobs by financing the sales of U.S. exports, primarily to emerging markets throughout the world. Ex-Im Bank provides a variety of financing mechanisms, including working capital guarantees to help small and medium-sized U.S. businesses, export-credit insurance to protect against nonpayment by foreign buyers, and loan guarantees and direct loans to assist foreign buyers of U.S. goods and services. More information is available on Ex-Im Bank's web site at [ www.exim.gov ].