Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua Bank and Umpqua Investments, Inc., today announced the pricing of its previously announced underwritten public offerings, raising gross proceeds of $264 million. The offerings consisted of 7.5 million shares of common stock, which priced at $11.00 per share, and 16.5 million depository shares, which priced at $11.00 per depositary share and as described below represent interests in a series of Umpqua Holdings Corporation’s preferred stock designated as the Series B common stock equivalent.

The net proceeds from the common stock offering and, if and when converted into common stock, the net proceeds of the depositary shares offering will qualify as both tangible common equity and regulatory Tier 1 capital and will be used, together with existing funds, to redeem preferred stock issued to the U.S. Treasury under the TARP Capital Purchase Program, upon receipt of required regulatory approvals, to fund FDIC-assisted acquisition opportunities, similar to the recently announced acquisition of certain assets and deposits of EvergreenBank in an FDIC-assisted transaction, and for general corporate purposes.

The depositary shares, each of which represents a 1/100th interest in a share of Umpqua Holdings Corporation’s Series B common stock equivalent, entitle the holders, through the depository, to a proportional fractional interest in the rights and preferences of such share of common stock equivalent represented by the depositary share, including conversion, dividend, liquidation and voting rights. Each share of common stock equivalent is initially subject to conversion into 100 shares of Umpqua Holdings Corporation's common stock (and, correspondingly, each depositary share is initially subject to conversion into one share of Umpqua Holdings Corporation's common stock).


Currently, no public market exists for the depositary shares or the common stock equivalent. Umpqua Holdings Corporation has applied to list the depositary shares on The NASDAQ Global Select Market under the symbol “UMPQP,” and it expects trading to commence within 30 days of the first original issuance date of the depositary shares.

J.P. Morgan Securities Inc. is the sole book-running manager and underwriter for each offering.  Umpqua Holdings Corporation also granted the underwriter for each offering a 30-day option to purchase up to an additional 1.125 million shares of its common stock and 2.475 million depository shares to cover over-allotments, if any. The shares of common stock and depositary shares are being issued pursuant to prospectus supplements to the prospectus filed as a part of Umpqua Holdings Corporation’s effective shelf-registration statement on Form S-3 (File No. 333-155997).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Offers may be made only by means of a prospectus and a related prospectus supplement. Copies of prospectuses with respect to these offerings may be obtained from J.P. Morgan Securities Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, 866-803-9204.

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 162 locations between San Francisco, Calif. and Seattle, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore.

Forward-Looking Statements


This press release includes forward-looking statements within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995, which management believes are a benefit to shareholders. These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to various risk factors, including those set forth from time to time in Umpqua Holdings Corporation’s filings with the SEC. You should not place undue reliance on forward-looking statements and Umpqua Holdings Corporation undertakes no obligation to update any such statements. In this press release, Umpqua Holdings Corporation makes forward-looking statements about the prospective conversion of the common stock equivalent securities to common stock and its intended use of the capital raised in these offerings, including redemption of the preferred stock held by the Treasury and funding FDIC-assisted transactions. Specific risks that could cause results to differ from the forward-looking statements are set forth in Umpqua Holdings Corporation’s filings with the SEC and also include, without limitation, delay or inability to obtain shareholder approval of additional shares of common stock and deterioration in the economy or its loan portfolio, lack of acquisition opportunities and inability to obtain regulatory approval to redeem TARP Series A Preferred Stock, each of which could alter its intended use of the capital.

Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, Inc., today announced it has commenced underwritten public offerings of $215 million of shares of its common stock and depositary shares representing interests in its Series B common stock equivalent, which is a series of its preferred stock. Each offering is contingent upon completion of the other.


The net proceeds from the common stock offering and, if and when converted into common stock, the net proceeds of the depositary shares offering will qualify as both tangible common equity and regulatory Tier 1 capital and will be used, together with existing funds, to redeem preferred stock issued to the U.S. Treasury under the TARP Capital Purchase Program, upon receipt of required regulatory approvals, to fund FDIC-assisted acquisition opportunities, similar to the recently announced acquisition of certain assets and deposits of EvergreenBank in an FDIC-assisted transaction, and for general corporate purposes.


The depositary shares, each of which represents a 1/100th interest in a share of Umpqua Holdings Corporation’s Series B common stock equivalent, entitle the holders, through the depository, to a proportional fractional interest in the rights and preferences of such share of common stock equivalent represented by the depositary share, including conversion, dividend, liquidation and voting rights. Each share of common stock equivalent is initially subject to conversion into 100 shares of Umpqua Holdings Corporation’s common stock (and, correspondingly, each depositary share is initially subject to conversion into one share of Umpqua Holdings Corporation’s common stock).


Currently, no public market exists for the depositary shares or the common stock equivalent. Umpqua Holdings Corporation has applied to list the depositary shares on The NASDAQ Global Select Market under the symbol “UMPQP,” and it expects trading to commence within 30 days of the first original issuance date of the depositary shares.


J.P. Morgan Securities Inc. is the sole book-running manager and underwriter for each offering.


Umpqua Holdings Corporation intends to grant the underwriter for each offering a 30-day option to purchase up to an additional 15 percent of the shares of common stock and the depositary shares offered, as the case may be, to cover over-allotments, if any. The shares of common stock and depositary shares will be issued pursuant to prospectus supplements to the prospectus filed as a part of Umpqua Holdings Corporation’s effective shelf-registration statement on Form S-3 (File No. 333-155997).


This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Offers may be made only by means of a prospectus and a related prospectus supplement. Copies of prospectuses with respect to these offerings may be obtained from J.P. Morgan Securities Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, 866-803-9204.


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 162 locations between San Francisco, Calif. and Seattle, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore.


Forward-Looking Statements


This press release includes forward-looking statements within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995, which management believes are a benefit to shareholders. These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to various risk factors, including those set forth from time to time in Umpqua Holdings Corporation’s filings with the SEC. You should not place undue reliance on forward-looking statements and Umpqua Holdings Corporation undertakes no obligation to update any such statements. In this press release, Umpqua Holdings Corporation makes forward-looking statements about its ability to raise capital, the amount of capital it intends to raise and its intended use of that capital. Specific risks that could cause results to differ from the forward-looking statements are set forth in Umpqua Holdings Corporation’s filings with the SEC and also include, without limitation, negative reaction to the public offerings described above, unfavorable pricing of the offerings, and deterioration in the economy or its loan portfolio, lack of acquisition opportunities and regulatory approval to redeem TARP Series A Preferred Stock, each of which could alter its intended use of the capital.

 Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, Inc. today announced a fourth quarter 2009 net loss of $26.7 million.  Including preferred stock dividends of $3.2 million, the net loss available to common shareholders was $29.9 million, or $0.34 per diluted share.  For the full year 2009, the Company reported a net loss of $153.4 million.  Including preferred stock dividends of $12.9 million, the net loss available to common shareholders was $166.3 million, or $2.36 per diluted share.  Operating loss, defined as earnings available to common shareholders before merger related expenses, net of tax, and goodwill impairment, was $54.1 million for the year ended 2009, or $0.77 per diluted share.  Operating income or loss is considered a “non-GAAP” financial measure.  More information regarding this measurement and reconciliation to the comparable GAAP measurement is provided under the heading Non-GAAP Financial Measures below.




Significant financial statement items for the fourth quarter of 2009 include:

• Provision for loan losses of $68.6 million



• Total net charge-offs of $64.1 million



• The allowance for credit losses increased from 1.71% to 1.81% of total loans during the fourth quarter



• Non-performing assets ended the quarter at $223.6 million, or 2.38% of total assets, resulting in part from reclassification of portion of restructured loans to non-accrual status



• Loans past due 30-89 days declined 10% on a sequential quarter basis



• Total deposits increased $225 million, or 3%, on a sequential quarter basis



• Net interest income of $85 million, an increase of 3% on a sequential quarter basis



• Net interest margin, on a tax equivalent basis, increased during the quarter to 4.06%



• The cost of interest bearing deposits for the fourth quarter was 1.35%, a decrease of 15 basis points from the third quarter of 2009



• Mortgage banking revenue was $4.1 million on closed mortgage loan volume of $172 million



• Loss on fair value of junior subordinated debentures of $3.7 million during the fourth quarter of 2009



• Net loss on other real estate owned was $9.1 million during the fourth quarter of 2009



• Tangible common equity ratio of 8.27% and tangible book value per common share of $8.33



• Total risk based capital of 17.07%.

“During this past quarter the Company experienced the continuation of core deposit growth, strong results from our residential mortgage lending division, and a steady net interest margin,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “Unfortunately these successes have been overshadowed by continued earnings pressure from our credit quality numbers resulting in a loss for the period due to economic issues that have plagued our industry for the last several years. Our management team continues to actively deal with troubled credits and is focused on returning the company to normalized earnings, as the country emerges from the national recession.”

Click here to view the full release.


Click hereto view the consolidated financial statement.

As part of its Connect Volunteer Network (Connect), Umpqua Bank’s associates contributed 30,896 volunteer hours in their local communities in 2009. Umpqua had 76 percent of its associates participate in Connect, an industry-leading volunteer program which provides each full-time associate with 40 hours of paid time off per year to serve at youth focused organizations, schools and community development programs. The 2009 numbers reflect a 20 percent increase in the program’s total volunteer hours since 2008. This participation places Umpqua among the top five percent of corporate employee volunteer programs, according to the 2009 Community Involvement Index recently released by Boston College Center for Corporate Citizenship.





“The generosity of Umpqua’s associates is wonderful to see, particularly in a year like 2009, when there was so much need in our communities,” said Ray Davis, president and CEO of Umpqua Bank. “Umpqua’s Connect Volunteer Network connects us with the communities we serve every day while helping to improve our schools, neighborhoods and nonprofit organizations. Year over year I am impressed by the increase in participation and impact of our associates and am excited to see the instances of positive change that come through their involvement.”


Six years after the program’s inception, the Connect Volunteer Network has donated a combined 111,800 volunteer hours and assisted more than 800 nonprofit organizations and schools from Seattle to Sacramento. Benefiting organizations include local schools, youth mentoring organizations, area food banks and housing shelters.


Umpqua associates continually rank the Connect program as one of the bank’s most-valued employee benefits and nearly one-third of its participants say the program was their initial introduction to volunteerism. The program is also one of the most attributed factors FORTUNE magazine cited for including Umpqua on its list of “100 Best Companies To Work For” the past four years in a row.


About the Connect Volunteer Network


The Connect Volunteer Network provides full-time Umpqua Bank associates with 40 hours of paid time off per year to volunteer at youth focused organizations, schools and community development programs, which often have a hard time filling their daytime volunteer positions.


Through the Connect Volunteer Network, Umpqua associates are given the opportunity to choose the organization they would like to be involved with. Associates engage in a variety of activities such as spending time in schools, engaging in mentoring projects or dedicating their time to local food banks – all during their regular working hours.


Umpqua Bank has a strong support system for the volunteer program with full board and executive backing, and extensive participation at every level of the organization.


About Umpqua Bank


Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 162 locations between San Francisco, Calif. and Bellevue, Wash.; along the Oregon and Northern California Coast; and in both Central California and Central Oregon. 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 the past three years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies To Work For.” 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 Private Bank Division serves high net worth individuals and non-profits 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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PORTLAND, Ore., Jan. 25, 2010 – Umpqua Holdings Corporation (NASDAQ: UMPQ) announced that its subsidiary, Umpqua Bank, has acquired the banking operations of EvergreenBank in a purchase and assumption agreement with the Federal Deposit and Insurance Corporation (FDIC).





As of September 30, 2009, EvergreenBank had $489 million in assets and $439 million in deposits, including approximately $255 million of core deposits. EvergreenBank’s $384 million in loans will be subject to a loss-sharing agreement with the FDIC. Umpqua Bank expects the acquisition to be immediately accretive to operating earnings per share. The transaction will increase Umpqua’s assets to approximately $9.6 billion and deposits to approximately $7.6 billion, based on Umpqua’s September 30, 2009 balances.





“As one of the nation’s strongest regional community banks, we can assure our new customers that their deposits are safe and readily accessible,” said Ray Davis, chief executive officer of Umpqua Holdings Corporation. “When we complete the integration, customers of both EvergreenBank and Umpqua Bank will benefit from the additional capabilities and services of Umpqua Bank, and the advantages of an expanded branch and ATM network.





“We’re pleased to expand our presence in the Seattle market and extend our long term vision for growth in this area,” continued Davis. “We are also pleased to contribute to the increased stability of the banking system with an acquisition that will enable Umpqua Bank to become an even more convenient community bank.”


Today’s acquisition announcement follows a decision of the Washington Department of Financial Institutions to close EvergreenBank and appoint the FDIC as receiver.





EvergreenBank’s seven locations will open today as Umpqua Bank stores, increasing Umpqua’s network to 162 locations throughout Northern California, Oregon and Washington. Customers of EvergreenBank are now customers of Umpqua Bank and deposits will continue to be insured by the FDIC up to applicable limits. Umpqua Bank is working closely with former EvergreenBank employees to ensure that customers will be able to conduct business as usual, with full access to deposits, loans, ATM/Debit cards, Internet banking, automatic bill pay service and other electronic banking services. Checks drawn on EvergreenBank will continue to be processed. Loan customers should continue to make their payments as they normally would.





Umpqua Bank expects to convert EvergreenBank’s consumer banking, home lending and small business units to the Umpqua Bank brand over the next several months. Umpqua Bank and EvergreenBank customers will be able to access the combined network of 176 ATMs without fees within two weeks. EvergreenBank branches will be added to Umpqua Bank’s network of 155 Northern California, Oregon and Washington locations.





To help customers with the transition, Umpqua Bank representatives are on-site at all former EvergreenBank locations to assist in the transition, address customer needs, and begin integrating operations. For additional information, customers can also visit www.umpquabank.com or call the Umpqua Bank customer care team at 866-486-7782.





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 162 locations between San Francisco, Calif. and Seattle, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.

PORTLAND, Ore. – January 22, 2010 – Umpqua Holdings Corporation (NASDAQ: UMPQ) today issued the following statement regarding the news that Umpqua Bank will acquire the banking operations of EvergreenBank in a purchase and assumption agreement with the Federal Deposit and Insurance Corporation (FDIC).





“Umpqua Bank has always been committed to the financial health of the communities we serve,” said Ray Davis, Umpqua Holdings Corporation president and CEO. “As one of the nation’s strongest community banks, Umpqua is well positioned to assume the deposits and loans of EvergreenBank and we will work quickly to make this transition as smooth as possible for customers and employees.”





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 162 locations between San Francisco, and Seattle, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings.


Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.

Portland, Ore. – January 21, 2010 – FORTUNE announced Thursday that Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has been ranked 23rd on the 13th annual “100 Best Companies to Work For” list. The full list and related stories appear in the February 8 issue of FORTUNE, available on newsstands on Monday, January 25, and now at fortune.com/bestcompanies.





FORTUNE Deputy Managing Editor Hank Gilman says, “The most important considerations for this year’s list were hiring and the ways in which companies are helping their employees weather the recession. All 100 companies on our list are currently hiring, many of them aggressively, leading to more than 96,000 open job positions expected in the next year.”





“We are incredibly honored to be included once again on this distinguished list, particularly because it is a reflection of how our associates feel about our company,” said Ray Davis, president and CEO of Umpqua Bank. “At Umpqua, we are committed to our associates and innovative company culture. It is important to us that we foster an environment that encourages creativity and innovation while allowing employees to balance work and life. It is these values that contribute most to our growth and to the satisfaction of our valued customers.”





To pick the 100 Best Companies, FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America. Two-thirds of a company's score is based on the results of the Institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about the management's credibility, job satisfaction, and camaraderie. The other third of the scoring is based on the company's responses to the Institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring, communication, and diversity.





This year marks Umpqua Bank’s fourth consecutive year to make FORTUNE’s “100 Best Companies to Work For” list.





About FORTUNE


FORTUNE magazine is a global leader in business journalism with a worldwide circulation of more than 1 million and a readership of nearly 5 million, with major franchises including the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including FORTUNE’s Most Powerful Women and the FORTUNE Global Forum. FORTUNE publishes English-language editions in Europe and Asia, and local-language editions in China and South Korea. FORTUNE magazine’s online home is CNNMoney.com, the most visited and utilized business destination website.





About Umpqua Bank


Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 155 locations between San Francisco, Calif. and Bellevue, Wash.; along the Oregon and Northern California Coast; and in both Central California and Central Oregon. 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 the past four years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies To Work For.” 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 Private Bank Division serves high net worth individuals and non-profits 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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Portland, Ore. – Jan. 21, 2010 – Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, has appointed Luis Machuca and Hilliard Terry to its board of directors and to the bank’s board. Machuca and Terry were appointed by Umpqua’s board of directors and will stand for election at the next annual meeting of shareholders.





“Luis and Hilliard have extensive business leadership and technology expertise and we’re pleased to add them to our board of directors,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “Over the past decade, both Luis and Hilliard have held critical roles and have been leaders in their industries, developing breakthrough technologies and advanced systems. Their foresight and experience will be valuable assets on our board and I look forward to working with them and all of our board members to continue building Umpqua’s position in the market.”





Luis Machuca, president and CEO of Kryptiq Corp.


Luis Machuca is the president and CEO of Kryptiq Corp., a healthcare connectivity company that facilitates a first-of-its-kind, open interactive network for healthcare. Before working for Kryptiq, Machuca served as president and chief operating officer for eFusion Corp., where he subsequently merged the company with ITXC Corp. His experience also includes time as executive vice president of the NEC Computer Services Division of PB-NEC Corp., and 15 years with Intel Corp. While with Intel, Machuca held a variety of management positions, including working as the co-general manager for Intel’s OEM Products and Services Division. During his tenure with the company, Intel was established as the number one motherboard supplier in the world.





Machuca serves on The Regence Group board of directors and the University of Portland Board of Regents. He has also served on the Oregon Health & Science University Foundation board of trustees, the ENDfootwear advisory board and the Portland Metropolitan Family Services board of directors. Machuca received his Bachelor of Engineering and Master of Science in Industrial Engineering from Purdue University. He lives in Portland, Ore., with his wife and three children.





Hilliard Terry, vice president and treasurer of Agilent Technologies Inc.


Hilliard Terry is vice president and treasurer for Agilent Technologies Inc., a spin-off of Hewlett-Packard Company and the world’s premier measurement company. Terry joined the company in 1999 before the company’s initial public offering and spin-off from Hewlett-Packard. At the time, he served as the Agilent’s director of investor relations. In his current position, Terry is responsible for the company’s global treasury organization, including: corporate cash management, corporate finance, customer financing, foreign exchange, pension assets and risk management. He is also a member of Agilent’s benefits committee, which has fiduciary oversight for its employee benefit and retirement programs.





Before joining Agilent, Terry worked in marketing for Hewlett-Packard’s VeriFone subsidiary and investor relations for VeriFone Inc. Terry has also held positions in investor relations and investment banking with Kenetech Corp. and Goldman Sachs & Co.





A native of the San Francisco Bay Area, Terry received his Bachelor of Arts degree in economics from the University of California at Berkeley, Calif., and a Master of Business Administration from Golden Gate University. He resides in the San Francisco Bay area with his wife and son.





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 155 locations between San Francisco, and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.





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PORTLAND, Ore., Jan. 7, 2010 – Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, will conduct a quarterly earnings conference call Thursday, Jan. 28, 2010 at 10:00 a.m. PDT (1:00 p.m. EDT) during which the Company will discuss fourth quarter and 2009 year end results and provide an update on recent activities. There will be a question-and-answer session following the presentation. Shareholders, analysts and other interested parties are invited to join the call by dialing (800) 784-9386 a few minutes before 10:00 a.m. The conference ID is 49390663. A re-broadcast will be available approximately two hours after the conference call by dialing (800) 642-1687 or by visiting www.umpquaholdingscorp.com. Information to be discussed in the teleconference will be available on the company's Web site in the morning prior to the call.








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 155 locations between San Francisco, and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings.


Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.

Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Umpqua Investments, today announced that its Board of Directors approved a quarterly cash dividend of $0.05 per common share. The dividend is payable on Jan. 15, 2010 to shareholders of record as of Dec. 31, 2009.

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 154 locations between San Francisco, and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. 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 Bank's Private Client Bank Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquaholdingscorp.com.