PORTLAND, Ore., June 11, 2020 /PRNewswire/ -- Umpqua
Bank, a subsidiary of Umpqua Holdings Corporation (NASDQ: UMPQ),
announced today that Tory Nixon has
been promoted from chief banking officer to bank president. The
announcement is part of Umpqua's
increasing focus on serving the small and middle market businesses
that are such a critical part of local economies across the West
Coast. Cort O'Haver will continue to
serve as CEO of both Umpqua Bank and Umpqua Holdings.
As Umpqua's first chief banking
officer, Nixon has led all customer-facing bank divisions for the
past two years, with a focus on creating a seamless, human-digital
customer experience across retail, commercial and wealth management
business lines. He oversaw day-to-day execution of Umpqua's Next Gen initiative, successfully
building cross-functional teams to better serve customers, as well
as diversifying and growing the bank's revenue streams. Nixon also
directed Umpqua's recent
participation in the federal Paycheck Protection Program, which
required a bank-wide pivot to process and fund more than
10-years-worth of SBA loans in just one month, resulting in
$2 billion in financial relief to
help nearly 14,000 businesses save more than 240,000 jobs.
"The past few years have been pivotal for Umpqua as we've evolved our bank and cast a
clear vision for continued growth," said O'Haver. "During that
time, Tory has provided tremendous leadership, overseeing
significant expansion and diversification across all lines of
business. He's passionate about Umpqua's brand and culture, and
deeply committed to advancing human digital banking solutions that
help our customers and communities grow. As the country works to
recover from the economic disruption of the pandemic, Tory's
thoughtful, strategic leadership will be even more important. I
look forward to working with him closely in this new role."
Nixon initially joined Umpqua
in 2016 as executive vice president, head of commercial &
wealth. In just two years under his leadership, Umpqua restructured and expanded both
divisions, improving customer experience through enhanced market
segmentation, customer focus and professional expertise. Among
other accomplishments, Nixon launched Umpqua's corporate banking division to serve
the complex banking needs of middle market companies, recruiting
top executive and banker talent and overseeing the company's
expansion into Southern
California.
"For more than 65 years, Umpqua
has grown by helping customers and communities navigate times of
challenge and of opportunity through a powerful combination of
empathy and expertise," said Nixon. "As we've seen over the past
few months, that approach is more needed and more relevant than
ever. As president, I look forward to the essential work of adding
value to our customers' lives and businesses, and to playing a
critical role in fueling the regional economies we serve."
Before joining Umpqua, Nixon
served as division president and managing director for California
Bank & Trust in San Diego and
Northern California. He also
served as the executive vice president and COO for the San Diego
International Sports Council, hosting sporting events in the
community to spur economic development. In addition, Nixon played
for the San Francisco 49ers from 1985-1989 and was a member of
the Super Bowl XXIII Championship team. He holds a Master of
Business Administration from the University of
Southern California.
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 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 fifteenth consecutive year. In
addition to its retail banking presence, Umpqua Bank also owns
Financial Pacific Leasing, Inc., a nationally recognized commercial
finance company that provides equipment leases to businesses. A
subsidiary of Umpqua Holdings Corporation, Umpqua Investments,
Inc., provides retail brokerage and investment advisory services in
offices throughout Washington,
Oregon, and California.
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SOURCE Umpqua Bank