Umpqua Bank Named Most Admired Financial Services Company in Oregon

Business Wire, Dec 11, 2007

PORTLAND, Ore. -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), received top honors at The Portland Business Journal's third annual 'Oregon's Most Admired Companies' luncheon held Dec. 6. Umpqua Bank was named Oregon's most admired financial services company for the third consecutive year, as well as the state's sixth most admired company across all industries, by Oregon CEOs.

More than 2,000 Oregon CEOs were asked to rank the greatest companies in Oregon based on innovation, customer service and community involvement. Award recipients included companies in the following eight industry categories: agriculture and forest products, commercial real estate, financial services, health care, nonprofits, professional services, technology and traditional manufacturing.

"It is an honor to be recognized by the Oregon business community with an award focused on areas that are so important to Umpqua Bank," said Ray Davis, president and CEO of Umpqua Bank. "Innovation, customer service and community involvement are the foundation of this company and its associates, and I'm very pleased to see that commitment recognized so clearly today."

'Oregon's Most Admired Companies' is an annual Portland Business Journal event. Hosted by publisher Craig Wessel, the event is one of the publication's business programs aimed at recognizing Oregon's leading businesses.

About Umpqua Bank

Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 147 locations between Napa, Calif. and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including the Wall Street Journal, New York Times, BusinessWeek, Fast Company and CNBC. The company also ranked 34th on Fortune Magazine's 2007 list of the country's "100 Best Companies To Work For." Umpqua Holdings also owns retail brokerage subsidiary Strand, Atkinson, Williams & York Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon and Southwest Washington. Umpqua Bank's Private Client Services Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquabank.com.