Rainier Pacific Bank is now Umpqua Bank 02/26/2010

I wanted to share some recent news with you regarding Umpqua and Rainier Pacific Bank.

On Friday, Feb. 26, the Federal Deposit Insurance Corporation (FDIC) closed Tacoma-based Rainier Pacific Bank and Umpqua assumed the bank’s operations. As one of the region’s strongest community banks with locations in the Puget Sound area, Umpqua is well-positioned to acquire the organization and stand behind the loans and deposits of Rainier Pacific Bank customers.

Over the next several weeks, we will be transitioning Rainier Pacific Bank branches into Umpqua Bank stores. All Umpqua customers and former Rainier Pacific Bank customers now have access to 176 stores from Seattle to San Francisco. Each of these neighborhood locations will remain focused on our service-first philosophy and community engagement.

Please join us in welcoming former Rainier Pacific Bank customers to Umpqua. If you have additional questions, please read the FAQs below or call us at 1-866-486-7782.

Sincerely,

Ray Davis
CEO Umpqua Bank



Who is Rainier Pacific Bank?
Rainier Pacific Bank was a small, community-focused bank with 14 locations in Washington State. Rainier Pacific Bank had a long history of active community participation and Umpqua Bank looks forward to continuing this tradition.

What does this mean for me?
You now have access to 176 Umpqua Bank stores, including 14 new locations in the Puget Sound area.

Does this put my deposits at Umpqua at risk?
No. Your deposits are secure and you will not be impacted by Umpqua Bank’s assumption of Rainier Pacific Bank.

Why is Rainier Pacific Bank in receivership?
The State of Washington and the FDIC determined that the Rainier Pacific Bank was no longer in a position to maintain banking operations. Through its normal procedures, the FDIC offered deposits and assets of the bank through a bidding process to qualified, financially sound banks. Umpqua Bank was well-positioned to acquire Rainier Pacific Bank’s deposits and loans and was selected by the FDIC to do so.

Will Rainier Pacific Bank become Umpqua Bank?
Yes. All Rainier Pacific Bank locations reopened as Umpqua Bank stores on Monday, March 1. Customers of Rainier Pacific Bank automatically become customers of Umpqua Bank.

Will Rainier Pacific Bank retain its name?
No. All Rainier Pacific Bank locations will adopt the Umpqua Bank name and logo.

If this could happen to Rainier Pacific Bank, how do I know it won’t happen to Umpqua Bank?
Your deposits and loans at Umpqua Bank are safe, sound and readily available. Umpqua Bank is a strong, well positioned, financially sound bank with a proven track record of stability. At Umpqua, all deposits and self‐directed retirement accounts (IRAs) are insured up to $250,000. If you have questions about your deposits and how they are insured, let us know; we’re here to help.

How will this affect Rainier Pacific Bank customers?
As of Feb. 26, it’s business as usual. Umpqua’s assumption of Rainier Pacific Bank allows Rainier Pacific Bank’s consumers and businesses continued access to their deposits and loans.

Is this part of Umpqua Bank’s strategy?
We have had a long term vision to continue our growth and expand our unique approach to banking in the Seattle area. Assuming the former Rainier Pacific Bank is a direct investment into the financial health of the Puget Sound community, protects the funds of local residents and businesses, and allows us to continue supporting the community through increased loan availability.




EvergreenBank is now part of Umpqua Bank 01/22/2010

I wanted to share some recent news with you regarding Umpqua and EvergreenBank.

On Friday, Jan. 22, the Federal Deposit Insurance Corporation (FDIC) closed Seattle-based EvergreenBank and Umpqua assumed the bank’s operations. As one of the region’s strongest community banks with locations in the Puget Sound area, Umpqua is well-positioned to acquire the organization and stand behind the loans and deposits of EvergreenBank customers.

Over the next several weeks, we will be transitioning EvergreenBank branches into Umpqua Bank stores. All Umpqua customers and former EvergreenBank customers now have access to 162 stores from Lynnwood, Wash. to San Francisco. Each of these neighborhood locations will remain focused on our service-first philosophy and community engagement.

Please join us in welcoming former EvergreenBank customers to Umpqua. If you have additional questions, please read the FAQs below or call us at 1-866-486-7782.

Ray Davis
President and CEO
Umpqua Bank





Who is EvergreenBank?
EvergreenBank was a small, community focused bank with seven locations in the Puget Sound area of Washington State. EvergreenBank had a long history of active community participation and Umpqua Bank looks forward to continuing this tradition.

What does this mean for me?
You now have access to 162 Umpqua Bank stores, including seven new locations in the Puget Sound area.

Does this put my deposits at Umpqua at risk?
No. Your deposits are secure and you will not be impacted by Umpqua Bank’s assumption of EvergreenBank.

Why is EvergreenBank in receivership?
The State of Washington and the FDIC determined that the EvergreenBank was no longer in a position to maintain banking operations. Through its normal procedures, the FDIC offered deposits and assets of the bank through a bidding process to qualified, financially sound banks. Umpqua Bank was well-positioned to acquire EvergreenBank’s deposits and loans and was selected by the FDIC to do so.

Will EvergreenBank become Umpqua Bank?
Yes. All EvergreenBank locations reopened as Umpqua Bank stores on Jan. 25. Customers of EvergreenBank automatically become customers of Umpqua Bank.

Will EvergreenBank retain its name?
No. All EvergreenBank locations will adopt the Umpqua Bank name and logo.

If this could happen to EvergreenBank, how do I know it won’t happen to Umpqua Bank?
Your deposits and loans at Umpqua Bank are safe, sound and readily available. Umpqua Bank is a strong, well positioned, financially sound bank with a proven track record of stability. At Umpqua, all deposits and self‐directed retirement accounts (IRAs) are insured up to $250,000. If you have questions about your deposits and how they are insured, let us know; we’re here to help.

How will this affect EvergreenBank customers?
As of Jan. 22, it’s business as usual. Umpqua’s assumption of EvergreenBank allows EvergreenBank consumers and businesses continued access to their deposits and loans.

Is this part of Umpqua Bank’s strategy?
We have had a long term vision to continue our growth and expand our unique approach to banking in the Seattle area. Assuming the former EvergreenBank is a direct investment into the financial health of the Puget Sound community, protects the funds of local residents and businesses, and allows us to continue supporting the community through increased loan availability.




Commit to the spirit of recovery 11/25/09

Whether you’re sitting in a neighborhood coffee shop or at the headquarters of a national corporation, conversation likely remains focused on the current recession. Fortunately, we’ve learned that perhaps better days are drawing nearer—home prices in many markets have begun to stabilize and consumer confidence shows signs of improving.

Here at Umpqua, we’re gearing up for those better days. Over the past couple of months, we opened Umpqua Private Bank, launched an international banking division and added lending teams in San Francisco, Seattle and Portland.

We’ve also continued to invest in our communities through our Connect Volunteer Program, with 1,239 of our associates contributing 22,935 hours to date in 2009. That’s the equivalent of one person working eleven years on behalf the community.

In addition, we completed a $259 million secondary capital offering in August. Umpqua is recognized by financial analysts and regulators as a well capitalized institution. The new capital better positions us to take advantage of smart business opportunities that might come our way. It also greatly enhances our ability to repay our TARP investment, once the national economy demonstrates sustainable stability.

As we wrap up 2009 and look to the year ahead, I encourage you all to remain committed to the spirit of recovery. Look down the road and take action that positions you for the future. And if you have any thoughts to share, please email me at talktoray@umpquabank.com.

Ray Davis
President and CEO
Umpqua Bank









Ron Stroble
Home Affordable Refinance Program 6/23/2009

Owning a home is supposed to be a proud and exciting accomplishment. But lately, owning a home seems to have gone from the "American dream" to an American pain point. Due to the economic environment and falling home values, many people are finding themselves in the situation of owing more on a home than it is worth.

However, there are many resources available to help turn these situations back around. For example, the Home Affordable Refinance Program was created to help responsible homeowners who are able to make payments, but are still suffering from falling home prices. Homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac may have the opportunity to refinance for more affordable monthly payments, providing the potential to put that additional money back into the economy.

Mortgage payments and rates can be overwhelming to anyone, particularly in today's economy. Utilizing the resources and help available can make all the difference.

Ron Stroble
EVP Mortgage Division
Umpqua Bank





welcome 5/1/2009

Welcome to Notes from Umpqua. Umpqua Bank stores have long been used as community centers where people gather to share, learn and socialize, and we are excited to further extend our community presence online through Notes from Umpqua.

As a community bank, Umpqua has always been a resource for our customers. And in challenging economic times like these, when questions are frequent and uncertainty lies at the doorstep, we are committed to providing even more information. One way we aim to keep you informed is through regular communication like this. This is the first of many posts to come on a number of topics, and I hope you will find Notes from Umpqua useful.

Additionally, as we all make our way through this economic downturn, it’s more important than ever to keep our eyes on the eventual recovery. One of the ways Umpqua is helping our communities stay focused is through our new Save Hard Spend Smart program. This campaign follows three Savings Heroes through their savings triumphs and challenges, offering tips, tools and stories about making the most of your money.

Thanks again for visiting Notes from Umpqua. I hope you find value in these new programs and pass them along to others and as always, if you have any thoughts to share, please email me at talktoray@umpquabank.com 

Ray Davis
President and CEO
Umpqua Bank

Member FDIC
Equal Housing Lender
SBA Preferred Lender
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