PORTLAND, Ore.--(BUSINESS WIRE)--Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), announced today that it is expanding its commercial banking offerings with the addition of a new corporate banking division. The new division will provide growing companies with dedicated resources and a full range of corporate banking products including debt capital markets, international banking, treasury management and more. Umpqua has hired industry veteran and executive vice president Richard Cabrera to lead the division.
“Umpqua’s strong presence in key west coast markets provides us with a terrific opportunity to serve the region’s growing businesses,” said Tory Nixon, executive vice president and head of commercial banking. “These companies need access to sophisticated financial expertise, and Richard’s knowledge combined with Umpqua’s customer-centric approach will help them grow while accelerating the expansion of our corporate banking portfolio.”
Cabrera brings thirty years of commercial banking expertise to his role as executive vice president of corporate banking. Previously he served in a variety of commercial and corporate banking roles at California Bank & Trust, most recently as executive vice president and regional manager overseeing a large portfolio of middle market, high growth companies. Cabrera has served on multiple nonprofit boards in Southern California including Junior Achievement and Saddleback Food Pantry.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation and has locations across Idaho, Washington, Oregon, California and Northern Nevada. Umpqua Bank has been acknowledged 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 eight years in a row on FORTUNE magazine's list of the country's "100 Best Companies to Work For," and was recently named by The Portland Business Journal the Most Admired Financial Services Company in Oregon for the eleventh consecutive year. In addition to its retail banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to small businesses.
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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.