Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), announced today the expansion of its commercial banking services to San Diego. The company hired commercial banking leaders Mark Lee and Jonathan Dale to lead the office and provide financial services to companies throughout the region.
“Mark and Jonathan bring terrific expertise in commercial banking and demonstrated success in the fast-growing San Diego market,” said Cort O’Haver, Umpqua Bank’s president of commercial banking. “Under their leadership, we look forward to tapping Umpqua’s commercial banking capabilities to support the growth and expansion of the region’s vibrant business community.”
Lee brings thirty years of commercial banking expertise to his role as executive vice president and regional director of commercial banking for Umpqua. Previously, he served in a variety of roles at California Bank & Trust, including most recently as senior vice president of corporate banking overseeing a large portfolio of private corporations in the biotech, manufacturing and retail industries. Lee earned a Bachelor of Science in finance from San Diego State University and currently serves as the board president for Bankers Certified Development Company.
Before joining Umpqua, Dale served in a variety of commercial banking roles at California Bank & Trust, including most recently as first vice president, senior commercial banker. He joins Umpqua as senior vice president and senior commercial relationship manager, bringing more than a decade of experience in commercial banking to the bank. Dale is expected to earn a Master of Business from the University of Southern California in 2017.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California 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 eight 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 the Most Admired Financial Services Company in Oregon for the eleventh consecutive year. In addition to its retail banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally-recognized commercial finance company that provides equipment leases to small businesses.
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.
Sarah Robinson, 503-219-6124