Umpqua Bank Names Cort O’Haver Executive Vice President, Commercial Banking

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), has named Cort O’Haver as the company’s executive vice president, commercial banking. O’Haver brings more than 20 years of experience in Oregon, Washington and California, most recently as executive vice president and director of corporate banking for Mechanics Bank in Richmond, Calif. Previously, he served at U.S. Bancorp as senior vice president Northwest and Northern California regional manager, real estate banking.

In his new position, O’Haver will oversee all commercial lending and report directly to Ray Davis, president and CEO of Umpqua Holdings Corporation.

O’Haver’s hire is part of a larger reorganization of Umpqua Bank’s executive management team. Brad Copeland, formerly the company’s chief credit officer, will now serve as the company’s senior executive vice president and first chief operating officer, overseeing all operations including its community banking, mortgage, retail operations and cultural enhancement divisions. Mark Wardlow, an executive vice president and formerly Umpqua’s senior credit officer, will now serve as its chief credit officer.

"Cort combines strong experience in markets throughout Umpqua Bank’s footprint with a vision for the company’s future that will be a critical part of our growth and success moving forward,” said Ray Davis, president and CEO of Umpqua Bank. "Despite the challenging economic environment, Umpqua Bank has grown significantly over the past year. This success is in large part due to the skill and expertise of our management and credit teams. Brad and Mark have been instrumental during this time, and I’m very pleased they are moving into new roles that position the company for continued growth.”

About Umpqua Bank

Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ) and has 176 locations between San Francisco, Calif., and Seattle, Wash.; along the Oregon and Northern California Coast; and in both Central California and Central Oregon. 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 four years in a row on FORTUNE magazine’s list of the country’s "100 Best Companies To Work For.” 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 Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.