Umpqua

Umpqua Bank 2023 Business Barometer: Optimism, Expectations for Revenue and Profitability Rise Despite Lingering Economic Concerns

Retrieved on: 
Tuesday, September 19, 2023
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LAKE OSWEGO, Ore., Sept. 19, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the findings of its annual Business Barometer ― an in-depth study of the mood, mindset, and strategic priorities of small and middle market businesses across the U.S. While concerns about the direction of the economy persist, business optimism is rising, and expectations for revenue and profitability are increasing. The study also found a growing appetite among businesses to make prudent investments that will help them become more efficient and competitive.

Key Points: 
  • While concerns about the direction of the economy persist, business optimism is rising, and expectations for revenue and profitability are increasing.
  • "While economic concerns linger, they're responding to the uncertainty with growing optimism and confidence in their ability to adapt and move forward.
  • Businesses are planning strategic moves they believe will help them become more efficient, more profitable, and ready for what's ahead."
  • 22% of middle market respondents are minority-owned while 23% of small business respondents are certified woman-owned and 17% minority-owned.

Umpqua Bank Names Nicole Bascomb-Green Head of Community Lending

Retrieved on: 
Thursday, September 14, 2023
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LAKE OSWEGO, Ore., Sept. 14, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the appointment of Nicole Bascomb-Green as Head of Community Lending. In this role, Bascomb-Green is responsible for the management of the community lending team, harnessing Umpqua's full resources and expertise—including the Umpqua Bank Charitable Foundation, and the bank's Community Reinvestment Act experts, product and retail banking leaders—to deliver innovative products and programs that address housing affordability and access issues focused on low-to-moderate income BIPOC communities.

Key Points: 
  • Bascomb-Green, real estate and banking leader, recently appointed by Governor Jay Inslee as the new chair of the Washington State Housing Finance Commission (WSHFC)
    LAKE OSWEGO, Ore., Sept. 14, 2023 /PRNewswire/ -- Umpqua Bank , a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the appointment of Nicole Bascomb-Green as Head of Community Lending.
  • Prior to joining Umpqua Bank, she served as community affairs manager for Washington State and Idaho at U.S. Bank.
  • "Through the Community Lending team, we are putting forth the investment to strategically develop and deploy innovative programs that provide financial opportunities to our BIPOC communities," Bascomb-Green said.
  • Umpqua Bank's Community Lending team serves and supports low-to-moderate and minority communities across the bank's footprint to achieve their dream of homeownership.

Umpqua Bank Charitable Foundation Awards Community Grants to 78 Nonprofits

Retrieved on: 
Monday, June 12, 2023
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LAKE OSWEGO, Ore., June 12, 2023 /PRNewswire/ -- In its first community grants cycle of 2023, the Umpqua Bank Charitable Foundation, a 501(c)(3) organization of Umpqua Bank, under the parent company Columbia Banking System, Inc. (Nasdaq: COLB), has awarded 78 grants to local nonprofits across its footprint totaling $417,000.

Key Points: 
  • LAKE OSWEGO, Ore., June 12, 2023 /PRNewswire/ -- In its first community grants cycle of 2023, the Umpqua Bank Charitable Foundation, a 501(c)(3) organization of Umpqua Bank, under the parent company Columbia Banking System, Inc. (Nasdaq: COLB), has awarded 78 grants to local nonprofits across its footprint totaling $417,000.
  • "Each of the nonprofits selected displays an exemplary service mindset and a deep commitment to improving economic prosperity for under-resourced individuals, families and small businesses," says Randy Choy, vice president of philanthropy programs and managing director of the Umpqua Bank Charitable Foundation.
  • Following the completion of the merger, Umpqua Bank and parent company Columbia Banking System disbursed $20 million to the charitable foundation to sustain the foundation's historic charitable giving levels and activate millions more each year.
  • "The Umpqua Bank Charitable Foundation is central to how we will continue to show up in support of each and every community we serve," says Umpqua Bank Chief Marketing Officer David Moore Devine.

UpHealth Announces Results of First Annual Stockholder Meeting

Retrieved on: 
Monday, December 5, 2022
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DELRAY BEACH, Fla., Dec. 05, 2022 (GLOBE NEWSWIRE) -- UpHealth, Inc. (NYSE: UPH) announces the results of its first annual stockholder meeting, held December 5, 2022, virtually.

Key Points: 

    Columbia Banking System Announces Agreement to Sell Seven Washington and Oregon Branches to 1st Security Bank

    Retrieved on: 
    Monday, November 7, 2022
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    TACOMA, Wash. and MOUNTLAKE TERRACE, Wash., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Columbia Banking System, Inc. (NASDAQ: COLB), the parent company of Columbia Bank (Columbia), today announced that Columbia has entered into a purchase and assumption agreement to sell seven branches in Washington and Oregon to 1st Security Bank of Washington (1st Security), the wholly-owned subsidiary of FS Bancorp, Inc. (NASDAQ: FSBW).

    Key Points: 
    • TACOMA, Wash. and MOUNTLAKE TERRACE, Wash., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Columbia Banking System, Inc. (NASDAQ: COLB), the parent company of Columbia Bank (Columbia), today announced that Columbia has entered into a purchase and assumption agreement to sell seven branches in Washington and Oregon to 1st Security Bank of Washington (1st Security), the wholly-owned subsidiary of FS Bancorp, Inc. (NASDAQ: FSBW).
    • Columbia and 1st Security will provide additional information to customers of the branches to be divested.
    • All employees will be retained by 1st Security and all branches will remain in operation after the sale.
    • 1st Security Bank will acquire the following branches:
      Headquartered inTacoma, Washington, Columbia Banking System, Inc. (NASDAQ:COLB) is the holding company of Columbia Bank, aWashington state-chartered full-service commercial bank with offices inWashington,Oregon, California, Idaho and Utah.

    Columbia Banking System Announces Agreement to Sell Three Branches in Northern California to First Northern Bank

    Retrieved on: 
    Monday, November 7, 2022
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    Columbia Banking System, Inc. (NASDAQ: COLB) (Columbia), the parent company of Columbia Bank, today announced that Columbia Bank has entered into a definitive purchase and assumption agreement with First Northern Bank (First Northern), a wholly-owned subsidiary of First Northern Community Bancorp (OTCQB: FNRN), to sell three branches in Northern California.

    Key Points: 
    • Columbia Banking System, Inc. (NASDAQ: COLB) (Columbia), the parent company of Columbia Bank, today announced that Columbia Bank has entered into a definitive purchase and assumption agreement with First Northern Bank (First Northern), a wholly-owned subsidiary of First Northern Community Bancorp (OTCQB: FNRN), to sell three branches in Northern California.
    • Post-merger, Columbia Bank will serve the Northern California market through Umpqua Bank branches in the same communities.
    • Columbia will divest the following branch locations:
      Headquartered in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with offices in Washington, Oregon, California, Idaho and Utah.
    • First Northern Bank is an independent community bank that specializes in relationship banking.

    COLUMBIA BANKING SYSTEM ANNOUNCES AGREEMENT TO SELL THREE BRANCHES IN NORTHERN CALIFORNIA TO FIRST NORTHERN BANK

    Retrieved on: 
    Monday, November 7, 2022
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    TACOMA, Wash. and DIXON, Calif., Nov. 7, 2022 /PRNewswire/ -- Columbia Banking System, Inc. (NASDAQ: COLB) ("Columbia"), the parent company of Columbia Bank, today announced that Columbia Bank has entered into a definitive purchase and assumption agreement with First Northern Bank ("First Northern"), a wholly-owned subsidiary of First Northern Community Bancorp (OTCQB: FNRN) to sell three branches in Northern California.

    Key Points: 
    • Branches are Being Divested to Satisfy U.S. Department of Justice (DOJ) Requirements for Columbia's Pending Merger with Umpqua
      TACOMA, Wash. and DIXON, Calif., Nov. 7, 2022 /PRNewswire/ -- Columbia Banking System, Inc. (NASDAQ: COLB) ("Columbia"), the parent company of Columbia Bank, today announced that Columbia Bank has entered into a definitive purchase and assumption agreement with First Northern Bank ("First Northern"), a wholly-owned subsidiary of First Northern Community Bancorp (OTCQB: FNRN) to sell three branches in Northern California.
    • Post-merger, Columbia Bank will serve the Northern California market through Umpqua Bank branches in the same communities.
    • Columbia will divest the following branch locations:
      Headquartered inTacoma, Washington, Columbia Banking System, Inc. (NASDAQ:COLB) is the holding company of Columbia Bank, aWashington state-chartered full-service commercial bank with offices inWashington,Oregon, California,Idaho and Utah.
    • First Northern Bank is an independent community bank that specializes in relationship banking.

    UMPQUA BANK EXPANDS MIDDLE MARKET BANKING DIVISION TO COLORADO

    Retrieved on: 
    Tuesday, May 17, 2022
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    PORTLAND, Ore., May 17, 2022 /PRNewswire/ -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced the expansion of its middle market banking division into Colorado with the addition of Shawn J. Thompson as market director. One of Colorado's leading banking executives, Thompson brings more than 25 years of experience building high-performing teams and advising some of Colorado's most prominent mid-size companies.

    Key Points: 
    • Hires banking executive Shawn J. Thompson to build Colorado team as part of Mountain West expansion
      PORTLAND, Ore., May 17, 2022 /PRNewswire/ -- Umpqua Bank , a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced the expansion of its middle market banking division into Colorado with the addition of Shawn J. Thompson as market director.
    • The addition of Thompson gives the bank immediate market access and capacity to fully support the banking needs of mid-size companies across the greater Denver Metro, Colorado Springs, and Fort Collins.
    • Thompson has spent his entire career in Colorado building top middle market banking teams that support the complex financial needs and growth of mid-size companies.
    • Umpqua Bank ,headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Arizona, California, Colorado, Idaho, Nevada, Oregon, and Washington.

    To Celebrate Small Business Week, Umpqua Bank is Matching Microloan Contributions 10x for BIPOC, Women Entrepreneurs

    Retrieved on: 
    Monday, May 2, 2022
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    PORTLAND, Ore., May 2, 2022 /PRNewswire/ -- Individuals or organizations interested in helping minority and women entrepreneurs secure a microloan to launch or grow a business can do so this Small Business Week (May 2-6) through the Umpqua Bank Loan Fund, a crowdfunding program with the nonprofit Kiva that will multiply every dollar contributed 10 times for eligible entrepreneurs in Oregon, Washington, California, and Idaho. Donations vary in size starting at $25, and anyone interested in contributing can visit www.kiva.org/team/umpquabank to learn more and donate.

    Key Points: 
    • Umpqua established its $1 million loan fund with Kiva earlier this year to accelerate the ability of underserved entrepreneurs to access no-cost microloans.
    • Kiva then combines total contributions into a 0% interest loan up to $15,000 that's paid back to funders over time.
    • "Recognizing the incredible importance of small businesses to our local communities and economies, we're increasing our match to celebrate Small Business Week.
    • Umpqua Bank , headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California, Arizona, and Nevada.

    Umpqua Bank contributes $15.5 million to Washington's Small Business Flex Fund

    Retrieved on: 
    Wednesday, January 19, 2022
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    OLYMPIA, Wash., Jan. 19, 2022 /PRNewswire/ -- The Small Business Flex Fund announced today that it has received $15.5 million in committed capital from Umpqua Bank.

    Key Points: 
    • OLYMPIA, Wash., Jan. 19, 2022 /PRNewswire/ -- The Small Business Flex Fund announced today that it has received $15.5 million in committed capital from Umpqua Bank.
    • It began with a $30 million contribution from the Washington State Department of Commerce and has since raised an additional $55.5 million from Umpqua Bank, Heritage Bank, JPMorgan Chase and WaFd Bank.
    • The Flex Fund works with and through local Community Development Financial Institutions (CDFIs), which serve under-resourced communities and underbanked businesses the Small Business Flex Fund aims to help.
    • The Small Business Flex Fund provides access to flexible, low-interest loans and business support services to small businesses and nonprofits across Washington.