Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has launched a new debt capital markets group to provide additional products and services to serve its business clientele. To lead this new venture, Umpqua has recruited Senior Vice President Laura Watts whose duties will include overseeing bank syndications and interest rate hedge strategies. She will report directly to Executive Vice President of Commercial Banking, Cort O’Haver.
“We are forming a capital markets group to grow with our clients,” said O’Haver. “Through this group, we will have the network and resources in place to help them with their loan needs as they grow and expand their business. This is a strategic area of service for Umpqua Bank and we couldn’t be more pleased to have someone with Laura’s background and knowledge to lead it.”
Watts has more than 15 years of banking experience with an emphasis on commercial banking syndications and participations including originations, structuring, and distributions. Previously, she worked at Capital One as the senior director of bank syndications. Watts will be based in Seattle and travel throughout Umpqua Bank’s footprint to lead education and marketing efforts for the capital markets group.
Watts has a graduate degree from Columbia University and an undergraduate degree from University of California, Santa Barbara.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 184 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 four 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's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.
**Photo available on request**
Eve Callahan, 503-546-7867