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Umpqua Bank Launches New Business Banking Division to Expand Business Lending

^{Published on 2011-01-24 08:05:40 - Market Wire}
 

PORTLAND, Ore.--([ BUSINESS WIRE ])--[ Umpqua Bank ], a subsidiary of Umpqua Holdings Corp. (NASDAQ:UMPQ), has launched a new business banking division to focus on augmenting its lending to small and mid-sized companies throughout Umpquaa™s footprint. The division will have special teams in place in key metropolitan markets including Eugene and Portland, Ore., Seattle, Wash., the San Francisco Bay area and Sacramento, Calif.

"As a community bank, Umpqua Bank recognizes the important role business plays in the communities we serve. This new division will provide companies throughout Umpquaa™s footprint with the expertise they need to grow and succeed."

To lead this new venture, Umpqua has promoted Tim Jones to executive vice president and commercial regional manager. Jones will oversee Umpquaa™s business lending activities, including the expansion of loan products and portfolios. He brings more than 25 years of banking experience with an emphasis on commercial banking.

aSmall businesses are at the heart of our local communities, and are also an essential source of the innovation and creativity that is so critical to our national economy,a said Cort Oa™Haver, Umpqua Banka™s executive vice president of commercial banking. aAs a community bank, Umpqua Bank recognizes the important role business plays in the communities we serve. This new division will provide companies throughout Umpquaa™s footprint with the expertise they need to grow and succeed.a

Through Umpquaa™s business banking division, business owners can apply for loans to be used for working capital, business expansion, leasehold improvements, equipment purchases, and other general business expenditures. For more information about the division or to find a nearby location, visit [ www.umpquabank.com ].

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 five 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 ].