PORTLAND, Ore. — —
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), today announced that the newest iteration of its neighborhood store concept will open in the first quarter of 2015 at 710 SW Yamhill Street in Portland, Ore. Umpqua's neighborhood store concept, which the company first introduced in 2007, combines interactive design features and technology in smaller store footprints near where customers live, work and play.
"Umpqua's store design is constantly evolving to reflect changing consumer preferences and behaviors. We initially developed the neighborhood store concept to complement our flagship locations with a smaller design that could be built and opened quickly to provide our customers and communities with an engaging and highly interactive experience," said Ray Davis, president and CEO of Umpqua Bank. "With the design of our new Fox Tower location we will continue to advance how bank stores can remain relevant by engaging and adding value to the communities they serve."
The Fox Tower store will build on design innovations introduced in the flagship stores Umpqua has opened most recently in San Jose, San Francisco and Seattle. In January of 2014, Umpqua's San Francisco store, located in the city's Financial District, received the Retail Design Institute's 2013 Store of the Year Award, marking the first time a financial institution has been recognized with this award.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California 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 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 ninth 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 Oregon. 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 umpquabank.com.