PORTLAND, Ore., Dec. 9, 2020 /PRNewswire/ -- Umpqua Bank, a
subsidiary of Umpqua Holdings Corporation (NASDQ: UMPQ), announced
today the formation of a new community & business banking
division to support the unique challenges and opportunities of
businesses with annual revenue between $1
million and $15 million. To
lead the division, Umpqua has
promoted Ashley Hayslip, who
recently managed the bank's Paycheck Protection Program
implementation efforts that helped thousands of West Coast
businesses survive the pandemic-induced economic shutdown.
According to Umpqua Bank President Tory
Nixon, the formation of Umpqua's business & community banking
division under Hayslip's leadership reflects the bank's commitment
to reinvent how financial institutions support an underserved
segment of businesses whose continued resiliency is critical to
economic recovery and future growth.
"There's an important segment of commercial enterprises that are
vital to our economy yet need a financial partner with a robust
combination of capabilities, creativity and personalized, hands-on
support. Particularly at this critical moment in our economy, with
disruption around every corner, I'm thrilled to have Ashley lead
Umpqua's new community &
business banking division," said Nixon. "Throughout her career,
Ashley has demonstrated a passion for businesses of all sizes. From
roles in small and mid-sized companies to experience within
financial institutions, Ashley has spent her career working to help
businesses at different stages of growth. Her leadership and
experience will be tremendous assets as Umpqua accelerates our investment in
supporting businesses as they adapt to the rapidly changing
landscape around us."
Hayslip brings more than 15 years of diverse experience to the
position, including leadership roles at West Coast regional banks
and in the finance departments of emerging businesses. Since
joining Umpqua in 2016, she has
served as senior vice president of strategy, leading growth and
transformation initiatives in the commercial space. Most recently,
Hayslip managed Umpqua's bank-wide
pivot to deliver more than $2 billion
in financial relief to 17,000 small businesses through the federal
Paycheck Protection Program. Under her leadership, Umpqua was one of the first financial
institutions in the country ready to accept applications and helped
save an estimated 250,000 jobs across the West Coast.
"Umpqua is uniquely positioned
to support an important segment of commercial enterprises that need
our size and sophistication, as well as our passionate focus on
personalized expertise and service," said Hayslip. "When leveraged
in new, innovative ways, these qualities can make a significant
difference in helping businesses remain competitive in today's
economy. I look forward to building a division that combines human
expertise and connection with customized, creative banking
solutions for our business customers."
Hayslip graduated with honors and a BA in Economics and
Communications from the University of
California Davis, where she was captain of the Division I
tennis team.
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.
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SOURCE Umpqua Bank