Umpqua Holdings Corporation Names Dave Shotwell Chief Risk Officer
September 20 2017 - 8:00AM
Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua
Bank and Umpqua Investments, announced today that Dave Shotwell has
been named Umpqua Bank’s first chief risk officer. In this new
position, Shotwell will retain his role as chief credit officer and
part of the leadership team reporting to Cort O’Haver, Umpqua’s
president and chief executive officer. In addition to continuing to
oversee the company’s credit administration, Shotwell will assume
responsibility for its enterprise risk management program,
including data governance, compliance and information security.
According to O’Haver, adding a chief risk officer to Umpqua’s
leadership team reflects the bank’s evolution as a financial
institution. Widely recognized as one of the world’s most
innovative banks, Umpqua recently launched its “Next Gen”
initiative, a comprehensive, multi-year vision for strategic
growth.
“At $25 billion in assets, Umpqua has reached a size and market
position that require a strong, integrated risk management program
in order to achieve our long-term financial performance goals,”
said O’Haver. “Dave brings terrific broad-based experience across a
variety of risk management roles to this position, combined with an
understanding of how the different components work together. Under
his leadership, Umpqua will continue developing a smart, cohesive
approach that advances the company’s balanced growth
strategy.”
Shotwell has 35 years of diversified banking experience
including 15 years with Umpqua Bank, where he has served as chief
credit officer since 2015. In addition, Shotwell has lending and
risk management experience in credit administration, commercial
banking, consumer lending and commercial real estate finance. He
has held various leadership positions with the Risk Management
Association (RMA), and is currently a member of the RMA’s mid-tier
bank council. Shotwell studied economics and finance at the
University of Washington and is a graduate of executive programs at
the University of California, Davis, and Pacific Coast Banking
School.
About Umpqua Holdings
Corporation
Umpqua Holdings Corporation (NASDAQ:UMPQ) is the parent company
of Umpqua Bank, an Oregon-based community bank recognized for its
entrepreneurial approach, innovative use of technology, and
distinctive banking solutions. Umpqua Bank has locations across
Idaho, Washington, Oregon, California and Northern Nevada. Umpqua
Holdings also owns a retail brokerage subsidiary, Umpqua
Investments, Inc., which has locations in Umpqua Bank stores and in
dedicated offices in Oregon. Umpqua Private Bank serves high
net worth individuals and non-profits, providing trust
and investment services. Umpqua Holdings Corporation is
headquartered in Portland, Oregon. For more information,
visit www.umpquabank.com.
Media Contact:Kurt
Heath503-219-6124KurtHeath@umpquabank.com
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