PORTLAND, Ore. — —
Umpqua Holdings Corporation (NASDAQ:UMPQ) has named Drew Ognall executive vice president and general counsel, effective May 1, 2014. In this role, Ognall will report directly to CEO Ray Davis and work closely with Umpqua's executive management and board of directors as part of overseeing all aspects of the company's legal services, as well as its compliance and BSA/AML programs. Ognall replaces outgoing EVP and general counsel Steven Philpott, who will be retiring at the end of April.
"Drew brings a great depth of legal knowledge and expertise, including a specialty in financial services law, that will be an important part of Umpqua's future as the largest community bank in the western United States," said Ray Davis, Umpqua Bank's president and CEO. "After working with him for many years, I know Drew will be a terrific asset as Umpqua continues to grow and I'm pleased to welcome him in this new role."
Before joining Umpqua, Ognall was a shareholder and member of Lane Powell PC's board of directors, focusing on securities, corporate governance, mergers and acquisitions, corporate finance, executive compensation and general business matters, with an emphasis on financial institutions. Previously, Ognall was with Roberts Kaplan LLP for 14 years, rising from a summer associate to partner and member of the executive committee. Ognall has a law degree from Lewis & Clark College Northwestern School of Law and a Bachelor of Arts in History and Government from Cornell University. In 2014, Ognall was named one of "The Best Lawyers in America®" in Banking and Finance and recognized by Chambers USA: America's Leading Lawyers for Business for his corporate/M&A work.
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 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 www.umpquabank.com.