Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), was named the Most Admired Financial Services Company in Oregon and the seventh Most Admired Company across all industries at The Portland Business Journal's annual "Most Admired Companies" event. This is the ninth consecutive year that Umpqua Bank has received this award, as voted on by executives across the state of Oregon. Additionally, Umpqua Bank president and CEO Ray Davis has been named Most Admired CEO in the Financial Services category, as selected by the publication's editorial team.

"Every week, our more than 2,000 associates come to work with the goal of providing unparalleled service to their customers and the communities we serve," said Ray Davis, president and CEO, Umpqua Bank. "Being acknowledged by our peers across the state continues to fuel this commitment, and we are proud to be a valued company in the state of Oregon."

A statewide poll of more than 3,200 CEOs and top executives chose this year's company winners based on criteria that included innovation, quality of management, community involvement, quality of products and services, and branding and marketing. The Portland Business Journal awards were distributed to companies in eight industry categories: agriculture and forest products, commercial real estate & development, financial services, health care, nonprofits, professional services, technology and traditional manufacturing, in addition to the most admired company across all industries.

2013 Umpqua Bank Highlights:

• Strategic Growth

- Announcement of a merger with Sterling Bank to almost double Umpqua's footprint

- Acquired nationally recognized equipment leasing company Financial Pacific Holding Corp.

• Continued Bay Area expansion, including:

- Opening the San Jose flagship store in Q1 2013

- Opening the San Francisco flagship store in the city's Financial District in Q3 2013

• Added and expanded key divisions, including:

- Growth of the Agriculture and Commercial Banking Center in California's Central Coast

- Private Banking expansion in Seattle and San Francisco

Oregon's Most Admired Companies is an annual event held by The Portland Business Journal. Hosted by publisher Craig Wessel, the event is one of the publication's business programs created to recognize the state's leading organizations.

About Umpqua Bank

Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation with locations between California's Central Coast and the Puget Sound, along the Oregon and Northern California Coast, and in Central Oregon and Northern 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 the past seven 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, for the ninth consecutive year, Most Admired Financial Services Company in Oregon, and the state's seventh-most admired company overall for 2013.

Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which offers services through Umpqua Bank stores and in dedicated offices throughout Oregon, and Financial Pacific Leasing, a nationally-recognized commercial finance company that provides equipment leases to small businesses. 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

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Contact Information:

  Eve Callahan

  (503) 727-4188