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Umpqua Bank

Community bank serving Oregon, California and Washington.

Headquarters:
Umpqua Plaza
One SW Columbia, Suite 1200
Portland, OR 97258
Employees: 2,376
CEO: Raymond Davis
Stock Symbol: UMPQ

Website: http://www.umpquabank.com

Career Site

Umpqua Holdings Corporation is the parent company of Umpqua Bank, an Oregon-based community bank. Umpqua Bank has 196 locations between San Francisco, CA and Seattle, WA.

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 Bank’s Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings.

Umpqua was named one of the 100 Best Companies to Work for in America by Fortune magazine for the fourth consecutive year.

In 2012, the company reported revenues of $592.9 million and net income of $101.2 million. Umpqua had assets of $11.8 billion at the end of 2012.

History

The company opened its first branch in Canyonville, OR in 1953 and was known as South Umpqua State Bank.

The company became Umpqua Bank in 2000 following a merger. It began online banking in 2001.

In the first quarter of 2010, with the help of FDIC, Umpqua Bank assumed the banking operations of EvergreenBank (“Evergreen”) and Rainier Pacific Bank (“Rainier”), both located in the greater Seattle-Tacoma area of Washington. In the second quarter of 2010, Umpqua Bank assumed the banking operations of Nevada Security Bank (“Nevada Security”), Reno, NV.

Umpqua acquired Circle Bank Corp. in Nov. 2012 for $24.9 million.

Benefits

Umpqua offers a competitive health and welfare package including medical, dental, flexible spending accounts, and life insurance. Additional supplemental options are also available.

The company pays 100% of mass transit fees and also has a tuition reimbursement program.

Full-time associates can get 40 hours of paid volunteer time per year to work with youth and community organizations.

Updated May 27, 2013