Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua Bank and Strand, Atkinson, Williams & York Inc., realigned its commercial banking division under one executive. With the new structure, Dave Edson will lead Umpqua’s commercial banking division throughout its footprint, with executives in each state reporting to him.
Edson, who previously oversaw commercial, retail and private client services divisions as president of Oregon and Washington, will now focus completely on building the commercial division for the company which also includes government guaranteed lending and treasury management. Edson will work with outgoing California president Bill Fike during the transition and before his retirement at the end of April.
“Dave is a proven leader with a deep understanding of the banking industry and a driving force within Umpqua’s executive leadership team. With the previously announced reorganization of our retail division, he is now able to focus his efforts solely on growing our commercial operations,” said Ray Davis, president and CEO of Umpqua Bank. “I’m confident that Dave’s leadership and the regional expertise of our commercial banking officers will continue to expand Umpqua throughout our market area.”
Edson will oversee the regional executives who manage local commercial banking operations and continue to report to Davis. Following the restructure, California commercial executive vice presidents Robin Hampton and Tim Jones, and government guaranteed lending manager and senior vice president Bob Moore, will report to Edson.
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.