Umpqua Holdings Corporation Appoints Four New Directors

  Umpqua Holdings Corporation Appoints Four New Directors

Business Wire

PORTLAND, Ore. -- April 22, 2014

Umpqua Holdings Corporation (NASDAQ:UMPQ) today announced that Ellen R.M.
Boyer, Robert C. Donegan, C. Webb Edwards and Maria M. Pope have been
appointed to the Board of Directors of Umpqua Holdings Corporation and Umpqua
Bank. All were formerly directors of Sterling Financial Corporation
(“Sterling”) and their appointments were effective upon the closing of
Sterling’s merger with Umpqua.

“Ellen, Bob, Webb and Maria have distinguished professional careers, including
significant board and management experience that will strengthen and enhance
Umpqua’s board,” said Ray Davis, Umpqua’s president and CEO. “The depth of
their expertise and perspective will serve Umpqua well as we continue to grow
and we’re pleased to welcome them to the board.”

Ms. Boyer served as a director of Sterling from her appointment in December
2007 until the closing of Sterling’s merger with Umpqua. Ms. Boyer is
currently the CFO of Logic20/20, Inc., a business and technology consulting
company based in the Seattle area.Previously, Ms. Boyer served as CFO/COO for
healthcare, financial services and several technology companies in the Pacific
Northwest. She has been a Certified Public Accountant since 1984 and received
her Bachelor's degrees from Oregon State University.

Mr. Donegan served as a director of Sterling from his appointment in October
2010 until the closing of Sterling’s merger with Umpqua. Since 2001 Mr.
Donegan has been president of Ivar's, Inc., one of Seattle's oldest restaurant
companies, a position he assumed after serving as the company’s CFO. Before
joining Ivar’s, Mr. Donegan was CFO of Peet's Coffee. He received his master's
degree in Public and Private Management from the Yale School of Management and
was Board Chair of the Seattle Metropolitan Chamber of Commerce from 2012
through October 2013. He is currently a board member of the Seattle Aquarium,
the Chief Seattle Council of the Boy Scouts, the Seattle Historic Waterfront
Association and the Seattle Sports Commission.

Mr. Edwards served as a director of Sterling from his appointment in March
2011 until the closing of Sterling’s merger with Umpqua. He is currently CEO
of WORTH, LLC, a strategy and technology consulting firm, and the co-founder
of Ganart Technologies. Mr. Edwards previously served as president of Wells
Fargo Services, the technology and operations subsidiary of Wells Fargo &
Company, from May 1999 until his retirement in January 2005. Before joining
Wells Fargo, Mr. Edwards served as president of Norwest Services, Inc.,
executive vice president of First Interstate Bancorp in California and senior
vice president of Mercantile National Bank in Texas. Mr.Edwards completed
graduate and post-graduate work in economics and finance at Middle Tennessee
State University and attended Stonier Graduate School of Banking, University
of Tennessee Executive Management School, and the Harvard Business School's
Executive Education Program.

Ms. Pope served as a director of Sterling from her appointment in June 2013
until the closing of Sterling’s merger with Umpqua. She has held a variety of
positions with Portland General Electric Company, and is currently their
senior vice president, power and supply and operations, and resource strategy.
Previously, Ms. Pope served as CFO of Mentor Graphics Corporation, a software
company based in Wilsonville, Oregon, and as vice president and general
manager of the Wood Products Division of Pope & Talbot, Inc. She has served on
a number of corporate and nonprofit boards, including Factory Mutual Insurance
Company, Portland General Electric Company, Pope Resources, LLP, TimberWest
Forest Corporation, Oregon Health & Science University and Premera Blue Cross.
Ms. Pope received a Bachelor’s degree from Georgetown University and a Master
of Business Administration from Stanford Graduate School of Business.

About Umpqua Holdings Corporation

Umpqua Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua
Bank, an Oregon-based community bank recognized for its entrepreneurial
approach, innovative use of technology, and distinctive banking solutions.
Umpqua Bank has locations across Idaho, Washington, Oregon, California and
Northern Nevada. Umpqua Holdings also owns a retail brokerage subsidiary,
Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in
dedicated offices in Oregon. Umpqua Private Bank serves high net worth
individualsand non-profits,providing trust and investment services. Umpqua
Holdings Corporation is headquartered in Portland, Oregon. For more
information, visit www.umpquaholdingscorp.com.

Contact:

Umpqua Holdings Corporation
Tom Biro, 206-686-6420
Tom@allisonpr.com
Brad Howes, 503-727-4226
bradhowes@umpquabank.com
 
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