Umpqua Holdings Corporation engages in the business of commercial and retail banking and the delivery of retail brokerage services. The company has two principal operating subsidiaries, Umpqua Bank (the ‘bank’) and Umpqua Investments, Inc. (Umpqua Investments). The company provides a range of banking, wealth management, mortgage and other financial services to corporate, institutional, and individual customers. The bank also has a wholly-owned subsidiary, Financial Pacific Leasing Inc., a commercial equipment leasing company. The company’s primary market areas are Oregon, Washington, California, Idaho, and Nevada. Umpqua Investments is a registered broker-dealer and registered investment advisor with offices in Portland, Lake Oswego, and Medford, Oregon, Vancouver, Washington, and Santa Rosa, California; and also offers products and services through the company’s stores. Umpqua Investments offers a range of investment products and services, including stocks, fixed income securities (municipal, corporate, and government bonds, CDs, and money market instruments), mutual funds, annuities, options, retirement planning, money management services and life insurance. In 2015, the company formed Pivotus Ventures, Inc. as a subsidiary of Umpqua Holdings Corporation. Pivotus Ventures, Inc. would use small cross-functional teams with a startup dynamic to validate, develop, and test new bank platforms that could have a major impact on the experience and economics of banking. Products and Services The company offers a range of traditional and digital financial products to meet the banking needs of its market area and target customers. The company offers a ‘Switch Kit’, which allows a customer to open a primary checking account with the bank. Other avenues through which customers could access the company’s products include its Website, mobile banking app, and its 24-hour telephone voice response system. Deposit Products The company offers a range of deposit products, including non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts and certificates of deposit. Private Bank Umpqua Private Bank serves high net worth individuals and nonprofits, providing trust and investment services. The private bank is designed to augment the company’s existing high-touch customer experience, and works collaboratively with the bank's affiliate, Umpqua Investments to offer an integrated approach that meets clients' financial goals, including financial planning, trust services, and investments. Broker Dealer and Investment Advisory Services Umpqua Investments, in its combined role as a broker/dealer and a registered investment advisor, might provide financial planning advice to its clients, as well as investment services. This advice could include cash management, risk management (insurance planning/sales), investment planning (including investment advice and/or portfolio checkups), retirement planning (for employees and employers), and/or estate planning. The broker/dealer side of Umpqua Investments offers a range of brokerage services, including equity and fixed income products, mutual funds, annuities, options and life insurance products. As of December 31, 2015, Umpqua Investments had 42 Series 7-licensed financial advisors serving clients at 5 retail brokerage offices, 1 location within a retirement facility, and ‘Investment Opportunity Centers’ located in the company’s various stores. Commercial Loans and Leases and Commercial Real Estate Loans The company offers a range of specialized loans for business and commercial customers, including accounts receivable and inventory financing, multi-family loans, equipment loans, commercial equipment leases, international trade, real estate construction loans and permanent financing and Small Business Administration program financing, as well as capital markets and treasury management services. Additionally, the company offers specially designed loan products for small businesses through its Small Business Lending Center, and has a business banking division to increase lending to small and mid-sized businesses. Ongoin
umpqua holdings corp (UMPQ:NASDAQ GS)
One SW Columbia Street
Portland, OR 97258
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