Global Finance Names Umpqua Bank Best U.S. Regional Bank in the Far West

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Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), has been named the best U.S. regional bank in the Far West by Global Finance. The recognition is based on factors like financial performance, customer satisfaction, and shareholder returns. Umpqua was part of five top regional banks in the 2024 rankings, operating across eight states. The bank's transformational merger in 2023 with Umpqua Holdings created one of the largest banks in the West. The CEO, Clint Stein, attributes the success to the bank's dedicated associates and commitment to customer success. The complete list of recognized banks can be found on GFMag.com.

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• Umpqua Bank named the best U.S. regional bank in the Far West by Global Finance.

• Recognition based on factors like financial performance, customer satisfaction, and shareholder returns.

• Transformational merger in 2023 with Umpqua Holdings created one of the largest banks in the West.

• CEO Clint Stein attributes success to talented associates and commitment to customer success.

• Bank's presence in dynamic markets across eight states reflects growth and business expertise.

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• None.

LAKE OSWEGO, Ore., May 2, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced it has been named to Global Finance's 31st annual World's Best Banks list. Umpqua was named the best U.S. regional bank in the Far West.

New York-based Global Finance, a leading international corporate finance publication, each year ranks banks around the world based on a combination of factors including financial performance, balance sheet strength, breadth of products and services, customer satisfaction and shareholder returns.

Umpqua Bank was among five prominent regional banks that made the 2024 rankings, receiving the top award for the region that encompasses the West Coast. Umpqua's operations span eight states including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington.

In 2023, Columbia Banking System and Umpqua Holdings Corporation combined two of the Northwest's premier financial institutions in a transformational merger that created one of the largest banks headquartered in the West and now operates under the Umpqua Bank brand.

"We continue to grow our presence in many of the most dynamic markets in the country, bringing our unique combination of size, business expertise and relationship-focused banking approach to communities throughout the West," said Clint Stein, CEO of Umpqua Bank. "This honor reflects the dedication of our talented associates to support customer success, as well as our steadfast commitment to deliver exceptional long-term value to all our stakeholders."

The complete list of banks recognized by Global Finance can be found at GFMag.com. Winners will be honored this October at a ceremony held in Washington, D.C., during the 2024 Annual Meeting of the World Bank Group and the International Monetary Fund.

All winning selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers, consultants and analysts. Additionally, banks were invited to submit entries supporting their selections. Global Finance considered factors that ranged from the quantitative objective to the informed subjective. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

About 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 combines the resources, sophistication and expertise of a national bank with a commitment to deliver superior, personalized service. The bank consistently ranks as one of America's Best Banks (ranked by Forbes) and 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 umpquabank.com.

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SOURCE Umpqua Bank

FAQ

What is Umpqua Bank's stock symbol?

Umpqua Bank is a subsidiary of Columbia Banking System Inc. and its stock symbol is COLB.

Where can the complete list of recognized banks be found?

The complete list of banks recognized by Global Finance can be found at GFMag.com.

When will the winners be honored?

Winners will be honored in October at a ceremony held in Washington, D.C., during the 2024 Annual Meeting of the World Bank Group and the International Monetary Fund.

What factors were considered in naming the best regional banks?

Factors considered included financial performance, balance sheet strength, breadth of products and services, customer satisfaction, and shareholder returns.

How many states does Umpqua Bank operate in?

Umpqua Bank operates in eight states, including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington.