Umpqua Bank’s Connect Volunteer Network™ (Connect) recorded its greatest success to date, with 1,729 associates logging 36,024 volunteer hours with 1,132 community organizations in 2010. Umpqua volunteers were active across the bank’s territories in Oregon, Washington, California and Nevada. The program’s total for the year represented an increase of 17 percent over hours volunteered in 2009 and associate participation also grew 27 percent.
Established in 2004, Umpqua Bank’s Connect program is an industry-leading volunteer program that provides associates with paid time-off each year—40 hours for full-time and 20 hours for part-time—to serve at youth-focused organizations, schools and community development programs.
“The ongoing dedication of our associates to their communities is impressive. Since the Connect program’s inception in 2004, Umpqua Bank has contributed more than 140,000 hours of volunteer service in the communities that we serve,” said Ray Davis, president and CEO of Umpqua Bank. “Connect is one of our most valued programs. It engages associates with their communities, providing local organizations with much-needed service and reinforcing Umpqua’s commitment to understanding and assisting the neighborhoods we call home.”
Seventy-seven percent of Umpqua associates participated in Connect last year. According to the Boston College Center for Corporate Citizenship’s 2009 Community Involvement Index, that places Umpqua among the top five percent of corporate employee volunteer programs. Connect has also been cited as a key factor in Umpqua’s inclusion on FORTUNE Magazine’s list of the country’s “100 Best Companies to Work For” the past five years.
“Practicing corporate citizenship is increasingly a part of doing business as the public demands companies operate in a socially responsible manner,” said Katherine Smith, executive director of the Boston College Center for Corporate Citizenship. “Umpqua Bank has demonstrated leadership by creating and nurturing its employee volunteerism program – Connect – to provide a valuable experience for their associates and communities.”
About the Connect Volunteer Network™
Through the Connect Volunteer Network™, Umpqua associates are given the opportunity to choose the organization where they would like to be involved. Associates participate in a variety of activities such as spending time in schools, engaging in mentoring projects or dedicating their time to local food banks. Umpqua associates continually rank the Connect program as one of the bank’s most-valued employee benefits and nearly one-third of its participants say the program was their initial introduction to volunteerism.
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 five 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.
Caitlin Gadoua, 503-546-7878