Umpqua Holdings Corporation

Infobox_Company
company_name = Umpqua Holdings Corporation
company_
company_type = Public (NASDAQ|UMPQ)
company_slogan = "The World's Greatest Bank"
foundation = Roseburg, Oregon, USA (1953)
location = Portland, Oregon, USA
key_people = Ray Davis, Chairman & CEO
num_employees = N/A (2006)
industry = Commercial Banks
products = Checking Accounts
Insurance
stock brokerage
Investment Bank
Asset-Based Lending
Consumer Finance
revenue = profit$405.9 million USD (2006)
operating_income = profit$262.1 million USD (2006)
net_income = profit$84.4 million USD (2006)
homepage = [http://www.umpquaholdingscorp.com/ www.umpquaholdingscorp.com]

Umpqua Holdings Corporation (NASDAQ|UMPQ) is a financial holding company that has two principal operating subsidiaries, Umpqua Bank (the Bank), and Strand, Atkinson, Williams and York, Inc. (Strand). The Company operates three primary segments: 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. The Company provides a range of banking, asset management, mortgage banking and other financial services to corporate, institutional and individual customers through the Bank. The Company engages in the retail brokerage business through Strand. Total loans outstanding, at December 31, 2006, were $5.3 billion, and total deposits were $5.8 billion. [ [http://biz.yahoo.com/bw/070125/20070125005297.html?.v=1] ]

History

South Umpqua State Bank was formed in 1953 in Canyonville, Oregon with 6 employees. It was started by some people working in the timber-logging business who wanted to create a means for their lumberjacks to cash their payroll checks.

Differentiation

Umpqua Bank has enjoyed some notability in the 21st century for its setup of bank branches. Traditionally, bank branches house back-office operations and administrators, along with secure deposit areas. Many of Umpqua Bank's branches are called 'stores', with a greater emphasis on retail operations and atmosphere than traditional bank branches. [ [http://findarticles.com/p/articles/mi_qa4143/is_200410/ai_n9468900 Design and Economic Development at Umpqua Bank: An Interview with Ray Davis | Design Management Review | Find Articles at BNET.com ] ]

Umpqua Bank stores also have a relatively flat administrative hierarchy. Many bank stores consist of only one Store Manager, with all other employees being referred to as 'Universal Associates'. The execution of this concept was billed as removing the, "thats not my department," thinking of employees and empowering all associates with the ability to work in all areas of a traditionally specialized banking industry. [ [http://www.ddimagazine.com/displayanddesignideas/design_center/article_display.jsp?vnu_content_id=1000719593] ]

Current lending activities

The Bank makes both secured and unsecured loans to individuals and businesses. At December 31, 2005, real estate construction/development, real estate mortgage, commercial/industrial and consumer/other loans represented approximately 16%, 63%, 19% and 2% respectively, of the total loan portfolio.

The Company offers loans for business and commercial customers, including accounts receivable and inventory financing, equipment loans, real estate construction loans and permanent financing and small business administration (SBA) program financing. The Company also offers loan products for small businesses through its small business lending center. Commercial real estate lending is the primary focus of the Company's lending activities and a significant portion of its loan portfolio consist of commercial real estate loans. The Company provides funding for income-producing real estate, though a substantial share of its commercial real estate loans are for owner-occupied projects of commercial loan customers and for borrowers it has financed for many years.

Real estate loans are available for construction, purchase and refinancing of residential owner-occupied and rental properties. Borrowers can choose from a variety of fixed and adjustable-rate options and terms. Umpqua sells residential real estate loans that it originates into the secondary market. Umpqua also provide loans to individual borrowers, for a variety of purposes, including secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans.

References