Umpqua Bank Expands Commercial Banking with Corporate Banking Division
October 05 2016 - 8:30AM
Business Wire
Selects industry veteran Richard Cabrera to
lead
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation
(NASDAQ:UMPQ), announced today that it is expanding its commercial
banking offerings with the addition of a new corporate banking
division. The new division will provide growing companies with
dedicated resources and a full range of corporate banking products
including debt capital markets, international banking, treasury
management and more. Umpqua has hired industry veteran and
executive vice president Richard Cabrera to lead the division.
“Umpqua’s strong presence in key west coast markets provides us
with a terrific opportunity to serve the region’s growing
businesses,” said Tory Nixon, executive vice president and head of
commercial banking. “These companies need access to sophisticated
financial expertise, and Richard’s knowledge combined with Umpqua’s
customer-centric approach will help them grow while accelerating
the expansion of our corporate banking portfolio.”
Cabrera brings thirty years of commercial banking expertise to
his role as executive vice president of corporate banking.
Previously he served in a variety of commercial and corporate
banking roles at California Bank & Trust, most recently as
executive vice president and regional manager overseeing a large
portfolio of middle market, high growth companies. Cabrera has
served on multiple nonprofit boards in Southern California
including Junior Achievement and Saddleback Food Pantry.
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 acknowledged 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/20161005005344/en/
Umpqua BankSarah Robinson,
503-219-6124SarahARobinson@UmpquaBank.com
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