public nasdaq umpq industry commercial banks founded canyonville oregon united states 1953 headquarters portland oregon united states 45 30 47 n 122 40 31 w 45.51306 n 122.67528 w 45.51306 ; 122.67528 coordinates 45 30 47 n 122 40 31 w 45.51306 n 122.67528 w 45.51306 ; 122.67528 number of locations 350 key people ray davis ceo peggy fowler chair cort o haver president products checking accounts savings accounts retirement accounts home loans personal investing private bank business loans treasury management merchant services revenue us 871.6 million 2015 operating income us 253.3 million 2015 net income us 222.5 million 2015 number of employees 4 491 december 31 2015 website umpquabank.com 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 benj . franklin savings and loan . the firm has three principal operating subsidiaries umpqua bank the bank umpqua investments formerly strand atkinson williams and york investments and pivotus ventures . the company s main operating segments are personal banking and lending business banking and lending and wealth management . the bank serves consumers and businesses in the community . 1 as of 2015 umpqua bank had 24 billion in assets and 18 billion in deposits and was ranked among the largest 60 banks in the nation . 2 its parent company umpqua holdings is publicly traded . 1 as of 2016 umpqua bank was the largest oregon based bank and had 350 branches in oregon washington california nevada and idaho . 3 4 history edit company headquarters in portland south 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 business who wanted to create a means for their employees to cash their payroll checks . the bank opened with capital of 50 000 and surplus and reserves of 25 000 . 5 the bank s first savings account was opened by pete duchene a local business agent . d.b. tex ritter and his wife nadine opened the first commercial account for their south umpqua trucking company . 6 in 2002 umpqua increased its number of branches to 63 by acquiring centennial bancorp of eugene oregon for 214 million . 7 on january 16 2009 umpqua agreed to assume the deposits of vancouver washington based bank of clark county after the latter bank was seized by the office of the comptroller of the currency . 8 umpqua agreed to assume the deposits of seattle washington based evergreen bank in january 2010 after the latter was closed by the washington department of financial institutions and the federal deposit insurance corporation fdic was appointed receiver . 9 a month later the company agreed to take over the deposits of tacoma washington based rainier pacific bank after it was seized by the fdic . 10 the next month umpqua acquired the banking operations of rainier pacific bank in a purchase agreement with the federal deposit insurance corporation . 11 umpqua continued with acquisitions in 2012 when they attempted to buy california based american perspective bank for 44.7 million which would have added two branches to umpqua s then 196 branches . 12 the deal fell through however when umpqua was outbid though american perspective paid umpqua a 1.6 million fee to terminate the deal . 13 umpqua had been expanding into the san francisco bay area 4 and closed a 24.9 million deal to buy bay area based circle bancorp in november 2012 . 14 in september 2013 umpqua announced it would buy sterling financial corporation parent of sterling bank the second largest bank in washington . 15 the 2 billion deal closed in april 2014 and increased the number of bank branches to 394 and increase assets to 22 billion . 15 current ceo and president of umpqua holdings corp raymond davis took over the local 40 person south umpqua bank in 1994 . davis became ceo and president of umpqua holdings in 1999 . 16 in 2007 davis authored a book titled leading for growth how umpqua bank got cool and created a culture of greatness . 17 cort o haver became president in april 2016 with davis retaining the role of ceo . davis plans to step down as ceo in january 2017 . o haver will take over as ceo at that point while davis will become executive chair of the bank s board and will continue to oversee pivotus ventures inc. 18 see also edit list of companies based in oregon references edit a b pender kathleen . umpqua bank aims to be part of s.f. community . sfgate . aug. 28 2013 securities and exchange commission form 10 k. commission file number 001 34624 kish matthew july 21 2011 . umpqua profits climb beat estimates . portland business journal . retrieved 23 july 2011 . a b calvey mark december 23 2011 . umpqua bank ramps up its bay area focus . portland business journal . retrieved 11 april 2012 . new south umpqua state bank holds open house . myrtle creek mail the douglas fir . november 13 1953 . umpqua bank completes centennial deal . portland business journal . november 18 2002 . retrieved 9 september 2012 . failed bank information fdic bank of clark county . fdic.gov . retrieved 2012 03 30 . failed bank information fdic evergreen bank . fdic.gov . retrieved 2012 03 30 . failed bank information fdic rainier pacific bank . fdic.gov . retrieved 2012 03 30 . umpqua bank acquires rainier pacific bank . 4 march 2010 . retrieved 4 march 2010 . dead link stevens suzanne april 10 2012 . umpqua pays 44.7 m for american perspective bank . portland business journal . retrieved april 10 2012 . stevens suzanne may 1 2012 . pacwest outbids umpqua for american perspective bank . portland business journal . retrieved may 1 2012 . kish matthew november 15 2012 . umpqua acquisition of circle bank closes . portland business journal . retrieved 15 november 2012 . a b kish matthew september 11 2013 . it s official umpqua to buy sterling bank for 2b . portland business journal . retrieved 12 september 2013 . company overview of umpqua bank . bloomberg profile davis ray and alan shrader . jossey bass 1st edition . march 16 2007 kish matthew . umpqua bank names o haver ceo davis will remain on the board . portland business journal . june 20 2016 v t e oregon based companies nyse listed greenbrier companies lithia motors nike nw natural portland general electric nasdaq listed columbia sportswear electro scientific industries erickson inc. fei flir lattice mentor graphics radisys rentrak schnitzer steel umpqua holdings private companies a dec banfield consumer cellular esco franz bakery hoffman construction infocus kindercare education laika leupold & stevens les schwab the old spaghetti factory parr lumber plaid pantry reser s fine foods roseburg forest products shari s vigor industrial other bi mart tillamook creamery western family foods list of companies based in oregon retrieved from https en.wikipedia.org w index.php title umpqua holdings corporation & oldid 743153485 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