Umpqua Bank Corporate Banking Division Expands in Orange County
Bank taps local banking veteran Todd Abboud to lead regional office
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced a major addition to its Orange County corporate banking team with the hire of Todd Abboud to serve as EVP—Regional Director. A local banking veteran with more than 25 years serving middle market companies, Abboud is Umpqua’s first Orange County corporate market leader as the bank expands its corporate banking division across Southern California.
Abboud joins Umpqua from Bank of the West, where he most recently served as managing director for Orange, Riverside, and San Bernardino Counties. During his tenure, Abboud helped build Bank of the West into a regional powerhouse among banks targeting high-growth, middle-market companies.
According to Richard Cabrera, executive vice president and head of corporate banking at Umpqua, Abboud’s hire signals Umpqua’s commitment to build a strong presence in Orange County, provide full-service support to middle-market companies, and bring greater competition to the marketplace.
“Todd brings to Umpqua corporate banking a formidable combination of banking expertise, market knowledge and leadership experience,” said Cabrera. “We are thrilled to have someone of his caliber embrace our vision to build a sophisticated, creative and nimble team that truly brings unique value to Orange County businesses planning for growth.”
Over the course of his career, Abboud has structured M&A deals for hundreds of companies, including some of Orange County’s most prominent businesses. His expertise includes unsecured credits, C&I lending, equipment financing, commercial real estate, and complex, multi-million dollar syndications.
Abboud received his MBA in finance from the Anderson School of Business at the University of California Los Angeles.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Oregon, 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 fourteenth 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.
Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which offers services through Umpqua Bank stores and in dedicated offices throughout Idaho, 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. For more information, visit https://www.umpquabank.com/newsroom.