Umpqua Bank Expands Southern California Presence with New San Diego Commercial Banking Center
January 25 2016 - 9:00AM
Business Wire
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation
(NASDAQ:UMPQ), announced today the expansion of its commercial
banking services to San Diego. The company hired commercial banking
leaders Mark Lee and Jonathan Dale to lead the office and provide
financial services to companies throughout the region.
“Mark and Jonathan bring terrific expertise in commercial
banking and demonstrated success in the fast-growing San Diego
market,” said Cort O’Haver, Umpqua Bank’s president of commercial
banking. “Under their leadership, we look forward to tapping
Umpqua’s commercial banking capabilities to support the growth and
expansion of the region’s vibrant business community.”
Lee brings thirty years of commercial banking expertise to his
role as executive vice president and regional director of
commercial banking for Umpqua. Previously, he served in a variety
of roles at California Bank & Trust, including most recently as
senior vice president of corporate banking overseeing a large
portfolio of private corporations in the biotech, manufacturing and
retail industries. Lee earned a Bachelor of Science in finance from
San Diego State University and currently serves as the board
president for Bankers Certified Development Company.
Before joining Umpqua, Dale served in a variety of commercial
banking roles at California Bank & Trust, including most
recently as first vice president, senior commercial banker. He
joins Umpqua as senior vice president and senior commercial
relationship manager, bringing more than a decade of experience in
commercial banking to the bank. Dale is expected to earn a Master
of Business from the University of Southern California in 2017.
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 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 eleventh
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160125005395/en/
Umpqua BankSarah Robinson,
503-219-6124SarahARobinson@umpquabank.com
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