Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), was named the Most Admired Financial Services Company in Oregon today at The Portland Business Journal’s fifth annual Oregon’s Most Admired Companies luncheon. Additionally, the community bank was voted the fifth Most Admired Company across all industries, the only financial services company recognized overall. Umpqua Bank has been named Oregon’s Most Admired Financial Services Companies by Oregon executives every year since the award was founded in 2005.
“It is a great honor to be recognized by our peers as an innovative and respected company,” said Ray Davis, president and CEO of Umpqua Bank. “The past year has again been a challenging one for the financial services industry, and this award is a testament to Umpqua’s associates, who have remained focused on serving the best interests of our customers, employees and communities. I could not be more pleased to see their work and dedication recognized.”
More than 2,000 CEOs and top executives across the state chose this year’s winners based on criteria that included innovation, quality of management, community involvement, quality of products and services, and branding and marketing. The Portland Business Journal awards were distributed to companies in eight industry categories: agriculture and forest products, commercial real estate, financial services, health care, nonprofits, professional services, technology and traditional manufacturing, in addition to the most admired company across all industries.
2009 Umpqua Bank Highlights:
- Ranked among FORTUNE magazine’s list of the “100 Best Companies To Work For” for the third year in a row;
- Assumed the insured deposits of the former Bank of Clark County from the FDIC;
- Raised more than $258 million through an underwritten public offering of common shares;
- Expanded wealth management division to include Umpqua Private Bank and forged a strategic partnership with Ferguson Wellman;
- Launched an international banking division based in San Francisco.
Oregon’s Most Admired Companies is an annual Portland Business Journal event. Hosted by publisher Craig Wessel, the event is one of the publication’s business programs created to recognize the state’s leading organizations.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 153 locations between San Francisco, Calif. and Bellevue, Wash.; along the Oregon and Northern California Coast; and in both Central California and Central Oregon. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including TheWall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for the past three years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies To Work For.” 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 Bank's Private Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.