Umpqua Private Bank Expanding to Seattle and San Francisco
Growth Fueled by Demand in the Pacific Northwest and Bay Area
PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NAS: UMPQ) , today announced that Umpqua Private Bank, first launched in 2009 in Portland, Oregon, will be expanding into Seattle and San Francisco. Umpqua Private Bank combines the company's trademark customer experience with Umpqua Investments' retail brokerage affiliate to build high-touch, customized solutions for clients with more than $3 million in net worth and $1 million in investable assets.
"Over the past three years, Umpqua Private Bank has grown as a result of our team's commitment to our clients and integrated approach to wealth management," said Kelly Johnson, executive vice president, wealth management. "Seattle and San Francisco are a great fit for Umpqua's unique approach to banking, and we look forward to adding our private banking expertise in these key markets."
Umpqua Private Bank, headquartered in Portland, Oregon, offers its clients comprehensive wealth management services including lending and real estate expertise, retirement planning, trust administration and traditional investment guidance.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation with 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 six years in a row on FORTUNE magazine's list of the country's "100 Best Companies to Work For," and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state's fifth-most admired company overall for 2012.
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 Wealth Management 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.
About Umpqua Private Bank
Umpqua Private Bank is a division of Umpqua Bank serving high net worth individuals and nonprofits by providing customized financial products and wealth management services. Umpqua Private Bank is in Portland, Ore., and serves clients throughout the bank's Oregon and Southwest Washington footprint. For more information, visit http://umpquabank.com/privatebank.
for Umpqua Private Bank
Tom Biro, 206-686-6420
KEYWORDS: United States North America California Oregon
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