Umpqua Holdings Corporation
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Umpqua Holdings Corporation, d.b.a. Umpqua Bank, is a financial holding company based in downtown Portland, Oregon, United States. Headquarters are in the Umpqua Bank Plaza, formerly the headquarters of Benj. Franklin Savings and Loan. The firm has two principal operating subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments (formerly Strand, Atkinson, Williams and York (Investments)).
Company type | Subsidiary |
---|---|
Nasdaq: UMPQ | |
Industry | Commercial Banks |
Founded | 1953; 71 years ago (1953) in Canyonville, Oregon, U.S. |
Headquarters | Portland, Oregon, U.S. 45°30′47″N 122°40′31″W |
Number of locations | 350 |
Key people | Peggy Fowler (Chair) Cort O'Haver (CEO) |
Products | Checking Accounts Savings Accounts Retirement Accounts Home Loans Personal Investing Private Bank Business Loans Treasury Management Merchant Services |
Revenue | US$871.6 million (2015) |
US$253.3 million (2015) | |
US$222.5 million (2015) | |
Number of employees | 4,491 (December 31, 2015) |
Parent | Columbia Banking System |
Website | UmpquaBank.com |
The company’s main operating segments are personal banking and lending, business banking and lending, and wealth management. The bank serves consumers and businesses in the community.[1] As of 2015, Umpqua Bank had $24 billion in assets and $18 billion in deposits and was ranked among the largest 60 banks in the nation.[2] Its parent company, Umpqua Holdings, is publicly traded.[1] As of 2016, Umpqua Bank was the largest Oregon-based bank and had 350 branches in Oregon, Washington, California, Nevada and Idaho.[3][4]
In October 2021, Umpqua announced it was merging with Tacoma-based Columbia Bank. Columbia Bank branches would transition to the Umpqua name and branding. The combined company would be based in Tacoma, with the bank operational headquarters based in the Portland area.