Umpqua Bank Targets Arizona for Expansion with the Opening of Three New Branches

PR Newswire09-19

Bank's move in Arizona follows recent retail banking expansion in Utah; underscores commitment to becoming the West's premier bank of choice LAKE OSWEGO, Ore., Sept. 18, 2024 /PRNewswire/ -- Umpqua ...

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underscores commitment to becoming the West's premier bank of choice\nLAKE OSWEGO, Ore., Sept. 18, 2024 /PRNewswire/ -- Umpqua ...</p>\n\n<a href=\"https://finance.yahoo.com/news/umpqua-bank-targets-arizona-expansion-160000390.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COLB","symbol_name":"哥伦比亚银行系统","start_time":0,"source_url":"https://finance.yahoo.com/news/umpqua-bank-targets-arizona-expansion-160000390.html","article_id":"2468536254","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0mOw.DFggeDaczX2kdtMwQ--~B/aD03NDt3PTQwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/prnewswire.com/8188bd6d10aa17c945bbf821da4ccced"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/umpqua-bank-targets-arizona-expansion-160000390.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2468536254","pubTimestamp":1726675200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Bank's move in Arizona follows recent retail banking expansion in Utah; underscores commitment to becoming the West's premier bank of choice. LAKE OSWEGO, Ore., Sept. 18, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System, Inc. , today announced its continued expansion across the West with two new branch openings in Phoenix and Scottsdale, and a third Arizona location in Mesa planned for later this year. Expansion of the bank's retail network into Arizona follows the successful launch of its middle market banking presence in 2021.Community InvolvementUmpqua Bank plays an active role in the communities in which it operates. As part of the bank's retail expansion in Arizona, the Umpqua Bank Charitable Foundation recently contributed a combined $60,000 to six new, local nonprofit partners:","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COLB":"哥伦比亚银行系统","UMPQ":"Umpqua Holdings Corporation","BK4211":"区域性银行"},"translate_title":"乌姆普夸银行瞄准亚利桑那州扩张，开设三家新分行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UMPQ":1,"COLB":0.9},"content_text":"Bank's move in Arizona follows recent retail banking expansion in Utah; underscores commitment to becoming the West's premier bank of choice\nLAKE OSWEGO, Ore., Sept. 18, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced its continued expansion across the West with two new branch openings in Phoenix and Scottsdale, and a third Arizona location in Mesa planned for later this year. Expansion of the bank's retail network into Arizona follows the successful launch of its middle market banking presence in 2021.\n\n  \n\n\"Arizona is a priority market for Umpqua Bank. The region's dynamic business community aligns with our long-term strategy of expanding in markets that demonstrate strong growth potential and further our commitment to being the West's premier bank of choice,\" said Umpqua Bank CEO Clint Stein. \"Since entering Arizona in 2021, we have invested in the growth of our local teams to support the needs of our business customers, and we expect these new branches to accelerate our presence throughout the state.\" \nArizona boasts a diverse economy that includes a range of industries, including the rapidly expanding semiconductor sector, as well as leisure and hospitality, alternative energy, healthcare, warehouse distribution centers and data centers — an anchor for the nascent generative AI industry.\n\"We are excited to be part of the Phoenix and Scottsdale communities and look forward to expanding our footprint throughout Arizona with a new branch in Mesa, slated for early 2025, and additional branches under consideration,\" said Chris Merrywell, Consumer Bank President at Umpqua Bank. \"With these markets poised for growth, we've assembled a top-tier team of professionals ready to meet the personal and business banking needs of the region.\"\nPhoenix BranchUmpqua Bank opened its first retail branch in Phoenix in June located at 10201 S. 51st St in 10 Corporate Center. The 2,800 square foot branch is led by Melinda Santacruz, who brings more than 20 years of banking experience to the role and supports the local community through a wide range of volunteer work with organizations such as United Food Bank and the Phoenix Children's Hospital Give-a-Thon. The branch is open from 9 am to 5 pm, Monday through Friday.\nScottsdale BranchIn August, Umpqua Bank opened a retail branch in Scottsdale at Gainey Center II, 8501 N. Scottsdale Road. The branch is 4,000 square feet and managed by Britne Corkill. With more than 25 years of banking experience, Britne is also an active volunteer at several local community organizations, including Ronald McDonald House and St. Mary's Food Bank. The branch is open Monday through Friday, 9 am to 5 pm.\nCommunity InvolvementUmpqua Bank plays an active role in the communities in which it operates. As part of the bank's retail expansion in Arizona, the Umpqua Bank Charitable Foundation recently contributed a combined $60,000 to six new, local nonprofit partners:\n\nArizona Foundation for Legal Services & Education\nFriends of the Children Phoenix\nHonorHealth Foundation\nOne-n-Ten (1N10)\nTempe Community Action Agency\nUMOM New Day Centers\n\nLearn more about Umpqua Bank's growing Arizona presence at www.umpquabank.com/locations/arizona/.\nAbout Umpqua Bank Umpqua Bank is a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), and a premier regional bank in the western U.S., with offices in Oregon, Washington, California, Idaho, Nevada, Utah, Arizona and Colorado. With over $50 billion of assets, Umpqua Bank combines the resources, sophistication and expertise of a national bank with a commitment to deliver superior, personalized service. The bank supports consumers and businesses through a full suite of services, including retail and commercial banking; Small Business Administration lending; institutional and corporate banking; equipment leasing; and wealth management. The bank's corporate headquarters are located in Lake Oswego, Oregon. Learn more at: www.umpquabank.com.\n View original content to download multimedia:https://www.prnewswire.com/news-releases/umpqua-bank-targets-arizona-for-expansion-with-the-opening-of-three-new-branches-302251402.html\nSOURCE Umpqua Bank","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468536254"}