Umpqua Bank Expands Commercial Real Estate Division to Colorado
Bank hires Denver-based CRE leader Todd Grover as part of Mountain West growth strategy
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), announced today the expansion of its commercial real estate (CRE) division into Colorado with the hiring of Todd Grover as senior vice president and market leader to lead and build the bank’s Denver-based CRE team. Grover is one of Colorado’s top commercial real estate leaders with more than 25 years of industry experience.
According to Neil Hodge, executive vice president and head of commercial real estate at Umpqua Bank, Grover’s addition reflects Umpqua’s continued strategic priority to grow its presence in Denver and build a best-in-class banking experience for companies across the Mountain West region.
“Todd is a tremendous CRE professional with a strong reputation for his leadership, customer-focused service and experience as a trusted advisor to his clients,” said Hodge. “As one of the West’s strongest banks, Umpqua is thrilled to hire Todd to lead our expansion and leverage our size, resources, and expertise for property owners and development companies seeking to support the vitality and growth in Denver, Phoenix and other Mountain West communities.”
Grover brings to Umpqua a record of leadership success that includes building teams generating annual loan originations in excess of $1 billion. Most recently, Grover served as market executive for BBVA USA, leading teams that structured commercial real estate financing transactions in major markets including Denver, Chicago, Dallas, Houston, Los Angeles, Phoenix, and San Francisco. Volume included transactions for apartments, industrial, retail, office, medical office, and triple-net leased properties. Throughout his career, Grover has applied his expertise to create custom financing solutions for clients, with financing typically ranging from $15 million to $70 million per project for a variety of needs, including construction, acquisition, bridge and term loans.
Today’s announcement marks the growth of Umpqua’s expansion into Colorado that includes the hire of Shawn Thompson earlier this year to head its middle market banking division in the region.
“Umpqua is excited to be a part of Denver’s vibrant business community and economy. We look forward to contributing to the prosperity of communities across the Western U.S.,” said Umpqua Bank President Tory Nixon. “We’re focused on attracting top banking talent passionate about providing high-growth, commercial enterprises an exceptional relationship banking experience. Our recent leadership hires in the region and the expansion of both our middle market banking and commercial real estate divisions in Colorado reflect our commitment to do just that.”
Grover holds an MBA in finance from Indiana University’s Kelley School of Business and a bachelor’s degree in marketing from Michigan State University. He also has participated in the executive development program at the University of Texas at Austin.