Umpqua Bank Will Continue to Advance Bank Store Concept with Newest Location in Portland, Ore.
June 03 2014 - 2:00PM
Business Wire
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation
(NASDAQ:UMPQ), today announced that the newest iteration of its
neighborhood store concept will open in the first quarter of 2015
at 710 SW Yamhill Street in Portland, Ore. Umpqua’s neighborhood
store concept, which the company first introduced in 2007, combines
interactive design features and technology in smaller store
footprints near where customers live, work and play.
“Umpqua’s store design is constantly evolving to reflect
changing consumer preferences and behaviors. We initially developed
the neighborhood store concept to complement our flagship locations
with a smaller design that could be built and opened quickly to
provide our customers and communities with an engaging and highly
interactive experience,” said Ray Davis, president and CEO of
Umpqua Bank. “With the design of our new Fox Tower location we will
continue to advance how bank stores can remain relevant by engaging
and adding value to the communities they serve.
The Fox Tower store will build on design innovations introduced
in the flagship stores Umpqua has opened most recently in San Jose,
San Francisco and Seattle. In January of 2014, Umpqua’s San
Francisco store, located in the city’s Financial District, received
the Retail Design Institute’s 2013 Store of the Year Award, marking
the first time a financial institution has been recognized with
this award.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of
Umpqua Holdings Corporation, and has locations across Idaho,
Washington, Oregon, California and Northern Nevada. 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 the past 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 ninth
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.
Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua
Investments, Inc., which offers services through Umpqua Bank stores
and in dedicated offices throughout Oregon. Umpqua’s Wealth
Management Division serves high net worth individuals and
nonprofits by providing customized financial solutions and
offerings. Umpqua Holdings Corporation is headquartered in
Portland, Ore. For more information, visit
http://www.umpquabank.com.
for Umpqua BankTom Biro, 206-686-6420 or
862-485-0711Tom@allisonpr.com
Umpqua (NASDAQ:UMPQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Umpqua (NASDAQ:UMPQ)
Historical Stock Chart
From Apr 2023 to Apr 2024