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Umpqua Bank Expands GreenStreet Lending to Consumers Throughout Footprint

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  Published in Business and Finance on Thursday, March 24th 2011 at 9:10 GMT by Market Wire
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PORTLAND, Ore.--([ BUSINESS WIRE ])--[ Umpqua Bank ], a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), has expanded its residential [ GreenStreet ]products and services to all Umpqua Bank lending locations in California, Nevada, Oregon and Washington. The program, which was launched in Oregon in late 2008, provides consumers with financing to invest in energy efficiency and renewable energy. Since its inception, the bank has funded more than 125 qualifying projects throughout the state of Oregon.

"Umpqua Banka™s GreenStreet Lending program aligns with our commitment to invest in the communities and economies we serve by giving residents access to smart, affordable financing for energy-saving improvements and solar power."

aInvestment in energy efficient homes protects natural resources and encourages the kind of innovation that spurs economic growth and recovery,a said Rick Calero, executive vice president of community banking for Umpqua Bank. aUmpqua Banka™s GreenStreet Lending program aligns with our commitment to invest in the communities and economies we serve by giving residents access to smart, affordable financing for energy-saving improvements and solar power.a

Umpqua Banka™s consumer [ GreenStreet ] Lending program offers three affordable loan products that make it possible for homeowners to make energy-saving improvements and harness solar power in their residences. [ GreenStreet ]consumer loan products have no origination fees or prepayment penalties.

GreenStreet Lending Residential Loan Products:

About GreenStreet Lending:

[ GreenStreet ] Lending is designed to work in partnership with contractors who specialize in energy efficiency and can counsel consumers on energy-saving and renewable energy opportunities. Umpqua Bank maintains partnerships with specialized contractors. In Oregon, selected partners include: Solarize Northwest and Solarize North Portland, and the Home Performance Contractors Guild of Oregon. In Washington, Umpqua is working with Solarize Queen Anne in Seattle. The bank is pursuing similar partnerships in California and Nevada.

In addition to its consumer offerings, Umpqua Bank will soon expand the availability of [ GreenStreet ] Lending to businesses within its Oregon, Washington, California and Nevada footprint.

For more information about Umpqua Banka™s GreenStreet Lending, go to: [ www.greenstreetloan.com ] or visit any [ Umpqua Bank store ].

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 five 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 nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit [ http://www.umpquabank.com ].