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Umpqua Holdings Corporation Appoints Dudley Slater to Board of Directors

^{Published on 2011-08-18 08:06:35 - Market Wire}
 

PORTLAND, Ore.--([ BUSINESS WIRE ])--[ Umpqua Holdings Corporation ] (NASDAQ:UMPQ), parent company of Umpqua Bank, has appointed Dudley Slater to its board of directors. Slater was named director of Umpquaa™s board for a one-year term at its Aug. 5 annual board meeting.

"His extensive track record of successfully creating and building multi-million dollar companies is an ideal fit for Umpqua Holdings Corporation. I believe his background, combined with the current management talent and expertise at Umpqua, will further strengthen the company for growth within our industry and community."

Slater most recently served as the chief executive officer for Integra Telecom, a company he co-founded in 1996. Under Slatera™s leadership, Integra grew from nine employees and $1.5 million in revenue to become one of the nationa™s largest companies within the telecommunications sector and one of Oregona™s largest businesses with more 2,000 employees and $600 million in revenue.

aWe are pleased to welcome Dudley Slater, an exceptional and influential business leader, to our board of directors,a said Ray Davis, president and CEO of Umpqua Holdings Corporation. aHis extensive track record of successfully creating and building multi-million dollar companies is an ideal fit for Umpqua Holdings Corporation. I believe his background, combined with the current management talent and expertise at Umpqua, will further strengthen the company for growth within our industry and community.a

Prior to founding Integra, Slater served as principal of Rural Link Communications, an investment firm that provided funding and management services to several telecommunications companies nationwide. Throughout his career, Slater has completed definitive agreements for more than 30 acquisitions, mergers, divestitures or restructurings with aggregate value exceeding $3 billion.

Slater has been awarded the 2011 Entrepreneur of the Year Award for the Northwest region by Ernst & Young. He received a Bachelor of Science degree in Geophysics from UCLA and a Masters in Business Administration from Harvard Business School.

About Umpqua Holdings Corporation

[ Umpqua Holdings Corporation ] (NASDAQ: UMPQ) is the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has 186 locations between San Francisco, California, and Seattle, Washington, along the Oregon and Northern California Coast, Central Oregon and Northern Nevada. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua Private Bank serves high net worth individualsand non-profits,providing trust and investment services. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit [ www.umpquaholdingscorp.com ].