Umpqua Holdings Corporation

1. Organization

Description

Umpqua Holdings Corporation, d.b.a. Umpqua Bank, is a financial holding company based in downtown Portland, Oregon, United States. Headquarters are in the Umpqua Bank Plaza, formerly the headquarters of the Benj. Franklin Savings and Loan. The firm has two principal operating subsidiaries, Umpqua Bank (the Bank), and Umpqua Investments, formerly Strand, Atkinson, Williams and York (Investments).The company's three main operating segments are community banking, mortgage banking, and retail brokerage. The bank provides a range of banking, mortgage banking and other financial services to corporate, institutional and individual customers. Total loans outstanding, at December 31, 2006, were US$5.3 billion, and total deposits were US$5.8 billion. As of 2011, Umpqua Bank was the largest Oregon-based bank, and had branches in Oregon, Washington, California, and Nevada.HistorySouth Umpqua State Bank was formed in 1953 in Canyonville, Oregon, with six employees. It was started by a group of people working in the timber-logging business who wanted to create a means for their loggers to cash their payroll checks. The bank acquired Centennial Bancorp of Eugene, Oregon, in 2002 for $214 million. With that deal, Umpqua increased the number of branches to 63.

Company Rating

78 FB users likes Umpqua Holdings Corporation, set it to 37 position in Likes Rating for Portland, Oregon in Organization category

Summary

Umpqua Holdings Corporation is Portland based place and this enity listed in Organization category.