January 30, 2015 1:33 PM ET

Banks

Company Overview of Umpqua Bank

Company Overview

Umpqua Bank operates as a community bank that provides banking products and services to individuals and non-profit organizations. The company offers checking accounts, savings accounts, money market accounts, certificates of deposit accounts, individual retirement accounts, and health savings accounts; and home loans, auto loans, home equity lines of credit options, unsecured consumer loans, business term loans, commercial and residential real estate improvement loans, small business administration loans and lines, commercial real estate term loans, short-term working capital loans, seasonal purchase loans, inventory or payroll loans, short-term operating expense or small capital expenditure...

1 SW Columbia Street

Suite 150

Portland, OR 97258

United States

Founded in 1953

Phone:

503-973-5945

Fax:

503-973-5943

Key Executives for Umpqua Bank

Chief Executive Officer
Age: 64
Chief Financial Officer and Executive Vice President
Age: 43
Chief Operating Officer and Senior Executive Vice President
Age: 65
Executive Vice President and President of Commercial Banking
Age: 51
Senior Executive Vice President and President of Consumer Banking
Age: 50
Compensation as of Fiscal Year 2014.

Umpqua Bank Key Developments

Umpqua Bank Appoints Julie Diffenbaugh as Vice President in Templeton, California

Umpqua Bank hired Julie Diffenbaugh for its Central Coast Agriculture and Commercial Banking team in Templeton. Julie Diffenbaugh has been appointed as vice president.

Court Approves Settlement by Umpqua Bank

A federal judge has approved Umpqua Bank's USD 2.9 million settlement with its customers. The bank had been sued by customers who said that it had charged high overdraft fees. The plaintiffs filed a class action against the bank in December 2011, and a third amended complaint in California's Northern District in January 2014. They claimed that the bank was using special software to maximize the amount of overdraft fees that it charged its customers.

Allegations against the Oregon-Based Bank Include Millions in Fraudulent Transfers

The court-appointed trustee overseeing the bankruptcy of Berjac has sued Umpqua Bank and three other banks, claiming they enabled and prospered off what is alleged to be a long-running Ponzi scheme that cost investors about $40 million. Thomas Huntsberger filed an adversary proceeding seeking at least $50 million in damages from Umpqua, along with Pacific Continental Bank, Century Bank and Summit Bank. The four banks provided the lines of credit that were an essential component to the continuation of the Ponzi scheme. The trustee alleges the banks made fraudulent transfers and is seeking $27.7 million from Umpqua Bank, $22.9 million from Century Bank, $6.3 million from Pacific Continental and $251,906 from Summit. The trustee is also seeking $10 million in punitive damages.

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