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Sep 08, 2022, 13:00 ET
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Addition of five bankers accelerates capacity to support mid-size companies in Arizona
PORTLAND, Ore., Sept. 8, 2022 /PRNewswire/ — Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced the expansion of its Phoenix-based middle market banking team with the addition of five new members to support its rapid growth in serving mid-size companies across Arizona.
Today’s announcement marks the latest development in Umpqua’s Western U.S. expansion. Late last year, Umpqua hired long-time Phoenix banking leader Kevin Gillette as market director to build its middle market operation in Arizona. The bank also recently expanded into Colorado as part of its commitment to supporting high-growth companies in communities throughout the Mountain West.
“Phoenix in one of the fasting growing, most dynamic economies in the country right now, and Umpqua is thrilled to be a growing part of the business community here,” said Gillette. “Our combination of size, expertise, and personalized approach to supporting our customers has been attractive to mid-size companies in the region, and these five talented additions to our team will enhance our contribution to customer success as we grow our market presence.”
Joining Umpqua’s growing middle market banking team under Gillette’s leadership are the following bankers:
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, and Washington. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for eight years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal the Most Admired Financial Services Company in Oregon for the 17h consecutive year. In addition to its retail banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to small businesses.
SOURCE Umpqua Bank
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