August 16, 2017 | Newsroom

Umpqua Bank Taps David Budd to Lead Portland Wealth Management Office

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), announced today the addition of David Budd as senior vice president and market leader for its Portland wealth management office. As market leader, Budd is responsible for continued business growth among high net worth clients in Oregon and Southwest Washington, as well as the overall success of Umpqua’s largest team of private bankers and financial advisors.

Budd brings to Umpqua nearly 15 years of banking experience, having spent the past five years successfully leading Bank of the West’s wealth management group in Oregon, Idaho and Washington. Budd has also held private banking roles with Wells Fargo and served as managing director at Portland-based IMS Capital Management, where he introduced the investment group’s wealth management division. A former pastor, Budd brings an ethical, client-centric approach to both his client relationships and team leadership.

According to Kent Grubaugh, executive vice president and head of Umpqua’s wealth management division, recruiting Budd to lead the Portland office positions the bank for continued significant growth in its strongest private banking market.

“David has a terrific combination of market leadership success and individual accomplishment as a private client advisor,” said Grubaugh. “His experience building highly successful teams, as well as his deep connections in the community, are strategic assets as we look to grow our business and continue providing exceptional service.”

Budd graduated from California State University, Long Beach, and holds several professional licenses and designations. He’s an Accredited Wealth Management Advisor®, Certified Financial Planner® and has received executive training at Portland State University and Harvard Business Publishing, an affiliate of Harvard Business School. Budd also serves on the board of Junior Achievement and actively supports financial education and literacy across Portland Metro communities.

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 twelfth 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, Oregon. For more information, visit