Umpqua Bank Announces Formation of Umpqua Capital Markets
November 30 2017 - 8:00AM
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation
(NASDAQ:UMPQ), today announced the formation of Umpqua Capital
Markets to support middle-market businesses focused on strategic
growth and M&A opportunities. The bank has hired industry
veteran Chad Riddle, former director of investment banking at
KeyBanc Capital Markets, to lead the new division as managing
director.
According to Tory Nixon, Umpqua Bank’s head of commercial &
wealth, today’s announcement reflects the latest development in
Umpqua Bank’s focus on expanding its commercial banking
capabilities and position as a comprehensive, full-service bank of
choice for high-growth West Coast companies.
“We have had some very high-powered corporate banking teams join
Umpqua in the last 12 months, many of which have experience in
partnering with investment bankers to deliver solutions for
clients,” said Nixon.
“The addition of a capital markets division marks another
important milestone in Umpqua’s capacity to serve middle-market
business customers,” Nixon continued. “Our goal is to provide these
businesses with remarkable, customer-centric service across their
full-spectrum of needs. This includes advising them on the critical
and complex decisions they face raising private capital, making
acquisitions, and selling their companies. Chad’s expertise,
leadership and success helping middle-market companies identify and
explore strategic opportunities make him an ideal fit to build this
aspect of our services.”
Riddle brings nearly 20 years of investment banking experience
to his new role. At KeyBanc Capital Markets, Riddle led a West
Coast investment banking team focused on middle-market companies,
both private and public, with expertise structuring and executing
strategic M&A for customers. Before joining KeyBanc Capital
Markets, Riddle spent a decade at Wells Fargo Securities, where he
served as senior vice president of investment banking and managed
M&A and capital markets transactions for Pacific Northwest
companies.
Under Riddle’s leadership, Umpqua Capital Markets will provide
strategic advice and transaction execution to growth-oriented
companies, with a specific focus on M&A activity. The offering
complements the bank’s expanding suite of business services
targeting middle-market companies. Last fall, Umpqua Bank launched
a new corporate banking division to provide dedicated resources and
a full range of corporate banking products, including debt capital
markets, international banking, and treasury management
solutions.
About Umpqua Capital Markets Umpqua Capital
Markets is a trade name under which corporate and investment
services of Umpqua Holdings Corporation and its subsidiaries,
Umpqua Bank and Umpqua Investments, Inc, are marketed. Securities
products and services are offered by Umpqua Investments, Inc.,
(Member FINRA/SIPC) through its licensed security representatives,
who may also be employees of Umpqua Bank. Securities products and
services: Not FDIC Insured • No Bank Guarantee • May Lose Value.
Banking products and services are provided by Umpqua Bank.
Umpqua Capital Markets provides in-depth capital markets and
M&A advisory services to high-growth, middle-market companies
across a wide range of industries, including business services,
consumer goods, health care, industrial, technology and financial
services.
About Umpqua Bank & Umpqua Investments
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of
Umpqua Holdings Corporation, and has locations across Idaho,
Washington, Oregon, California and 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 twelfth
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.
A subsidiary of Umpqua Holdings Corporation, Umpqua Investments,
Inc., provides retail brokerage and investment advisory services in
offices throughout Washington, Oregon, California and Nevada.
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.
Media Contact:Kurt
Heath503-219-6124KurtHeath@umpquabank.com
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