Umpqua Holdings Corporation (Nasdaq:UMPQ), parent company of Umpqua Bank, promoted Dan Sullivan from executive vice president of strategic initiatives to chief information officer. Sullivan has been with Umpqua Bank for more than 10 years, and has been the executive with primary responsibility for all technology initiatives. During his tenure, Sullivan has overseen the integration and technology conversion of nineteen bank and brokerage acquisitions. Additionally, he provided guidance for projects such as Umpqua’s latest store concept, the Innovation Lab, which showcases emerging and existing technologies that engage customers and foster community.
In his new role, Sullivan will continue to ensure that technology is incorporated into the bank’s culture and innovative delivery of products and services. He will oversee all information technology functions for Umpqua, including network services, data processing, item processing, information systems, electronic banking and ATM delivery. Sullivan will continue to be based in Portland, Ore., and report to CEO Ray Davis. Sullivan begins his new role immediately.
Sullivan has also served as Umpqua’s chief financial officer from 1997 to 2007, helping to grow assets from $260 million to more than $8 billion. Prior to joining Umpqua Bank, Sullivan was involved in advancing technology initiatives at US Bank for 13 years.
“Dan has been an integral part of Umpqua’s executive leadership team for more than a decade. He understands the company’s values and recognizes the critical role that technology plays in positioning Umpqua for future success,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “I am confident that his leadership and knowledge of the industry will further improve our customers’ experiences with Umpqua Bank.”
About Umpqua Holdings Corporation
Umpqua Holdings Corporation (Nasdaq:UMPQ) is the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has 147 locations between Napa, Calif. and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Umpqua Holdings also owns a retail brokerage subsidiary Strand, Atkinson, Williams & York, Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon and Southwest Washington. Umpqua Bank’s Private Client Services Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.