Fox Business - The Power to Prosper
Search Site

Umpqua Bank

$2B Banking Deal Faces Integration Hurdles

West Coast lender Umpqua (NASDAQ:UMPQ) prides itself on its somewhat-quirky culture, which it sees as its greatest asset in a world of one-size-fits-all banks.The Portland-based bank insists on calling its branches "stores" and expects tellers and executives to answer the phone: "Umpqua Bank -- the world's greatest bank."  Umpqua customers can even reach the bank's CEO directly (not just his assistant) by simply dialing "8" in any store (branch).But that unique corporate culture could be at risk as Umpqua -- which is no stranger to big deals -- absorbs fellow West Coast lender Sterling Financial (NASDAQ:STSA) in a $2 billion transaction that will create the country's largest community bank."If you're putting two $10 billion-plus banks together, at some point you're stretching the definition of a community bank," said Jeff Rulis, an analyst at D.A. Davidson & Co. who covers Umpqua. Despite a slew of recent deals, Umpqua executives "have been able to maintain or perhaps even strengthen t...

Read More

  1. Umpqua Bank Planning for Economic Comeback

    Ray Davis, Umpqua Bank CEO, on how the bank is preparing for the economic recovery and continuing expansion.

  2. Umpqua Bank Planning for Economic Comeback

    Ray Davis, Umpqua Bank CEO, on how the bank is preparing for the economic recovery and continuing expansion.

  3. State of Small Banks

    Umpqua CEO Ray Davis on adding a new banking division and improving credit quality.

  4. Bank CEO: Will Pay Back TARP By 2010

    Umpqua Bank CEO Ray Davis on TARP and efforts to increase the bottom line.

  5. Banking on Millenials

    Bill Hartnett, MIcrosoft Financial Services, discusses how banks are using technology and online banking to attract millenials.

  6. Regional Bank Expands in Tough Economy

    Umpqua Bank CEO Ray Davis on the state of lending and how his bank stayed afloat during the economic downturn.

  7. Cavuto on Business

    More for Your Money: Beaten-down stocks

  8. State of Small Banks

    Umpqua CEO Ray Davis on adding a new banking division and improving credit quality.

  9. Regional Bank Expands in Tough Economy

    Umpqua Bank CEO Ray Davis on the state of lending and how his bank stayed afloat during the economic downturn.

  10. Bank CEO: Will Pay Back TARP By 2010

    Umpqua Bank CEO Ray Davis on TARP and efforts to increase the bottom line.

  11. Banking on Millenials

    Banks use technology to attract young people

  1. West Coast Lenders Join Forces in $2B Deal

    In one of the biggest banking combinations of 2013, Oregon's Umpqua Holdings (NASDAQ:UMPQ) agreed to acquire regional lender Sterling Financial (NASDAQ:STSA) late We...

  2. Umpqua to buy Sterling Financial in $2 billion deal

    Umpqua Holdings Corp has agreed to buy private-equity backed Sterling Financial Corp in a $2 billion cash-and-stock deal, the companies said on Wednesday.Sterling sh...

  3. New reaction to ObamaCare business mandate delay

    Debate over health care law fallout

  4. Will the Cyprus Drama Affect the U.S. Market Rally?

    Nuveen Asset Management chief equity strategist and senior portfolio manager Bob Doll weighs in on whether investors should fear the effects of the drama unfolding in Cyprus.

  5. Where Is the $10.3B from BofA Settlement Going?

    Americans for Tax Reform Director Mattie Duppler and wealth manager Ty Young on Bank of America’s settlement with Fannie Mae.

  6. Dwyane Wade Schools Bolling

    NBA great takes on Eric

  7. Umpqua Bank CEO on Fed, Lending

    Umpqua Bank CEO Ray Davis weighs in on the Fed decision and the state of lending.

Freebase CC-BY
Source: Umpqua Bank on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL