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On Friday, June 9, the Umpqua Bank at 3123 56th St. will permanently close, according to Umpqua’s website. The moves come after the recent merger of Umpqua and Columbia Bank.
As of 2016, Umpqua Bank was the largest Oregon-based bank and had 350 branches in Oregon, Washington, California, Nevada and Idaho. [3] [4] In October 2021, Umpqua announced it was merging with Tacoma-based Columbia Bank. Columbia Bank branches would transition to the Umpqua name and branding.
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
In May 2013, the company acquired the Seattle-area operations of Boston Private Bank & Trust Company. [10] On September 11, 2013, Umpqua Holdings Corporation announces it is acquiring Sterling Financial Corporation. In October 2013, the company acquired Commerce National Bank of Newport Beach, California for $42.9 million. [11]
Sterling Financial Corporation to Merge with Umpqua Holdings Corporation -Will create West Coast's largest community bank with 394 locations in five states -Sterling shareholders to receive a ...
The former Umpqua Bank location at Donald Street and E. 40th Avenue in Eugene is changing tenancy. Work is being done to renovate the former bank building into a dental office and lab space. Sage ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
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