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Umpqua Bank Expands Northern Nevada Operations; Adds Commercial Banking Center

^{Published on 2010-09-22 09:15:49 - Market Wire}
 

RENO, Nev.--([ BUSINESS WIRE ])--[ Umpqua Bank ], a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), is expanding its Northern Nevada operations with the opening of a commercial banking center at 3490 S. Virginia St. in Reno, Nev. Rob Humphreys, senior vice president and commercial banking center manager will lead the office and provide financial services to companies throughout the region.

"As a community bank, we focus intensely on getting to know the businesses and individuals we serve, and we are particularly pleased to expand our Northern Nevada presence with the opening of our new commercial banking center"

A 25-year veteran of the commercial banking industry, Humphreys recently joined Umpqua Bank from US Bank where he was market president of Northern Nevada and head of the institutiona™s middle market commercial banking team in Reno, Nev.

Nick Butler, Teresa Courier and Steve Erger will join Humphreys as vice presidents and senior relationship managers who will oversee the development and delivery of commercial banking products and services for regional clients.

Before joining Umpqua Bank, Butler and Courier co-managed a $300 million C&I Lending portfolio. Butler and Courier maintain more than 25 years combined experience. Erger has more than 15 years of commercial banking experience and most recently managed an $80 million corporate loan portfolio.

Umpqua Banka™s Reno commercial banking center will also employ a loan assistant to provide tailored financial services to the local business community and seven full-time universal associates to assist customers with retail banking needs.

The commercial banking center is open weekdays from 9 a.m. until 5 p.m.

aAs a community bank, we focus intensely on getting to know the businesses and individuals we serve, and we are particularly pleased to expand our Northern Nevada presence with the opening of our new commercial banking center,a said Cort Oa™Haver, executive vice president of commercial banking for Umpqua Bank. aWe are committed to supporting local businesses and strive to play a significant role in growing the regiona™s economy a" both through lending and other resources that support small business initiatives.a

Umpqua Bank offers a full line of commercial, treasury management and retail banking products and services. Additionally, the banka™s small business lending program, MainStreet Small Business Lending (MainStreet), stimulates growth within the communities it serves. MainStreet augments the banka™s current lending programs and makes available funds to underwrite loans that fall outside Umpquaa™s standard underwriting requirements. Additional information about Umpqua Banka™s MainStreet program is available in store or online at: [ www.umpquabank.com/mainstreetlending ].

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 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 ].