Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits

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Umpqua Bank and Columbia Banking System (Nasdaq: COLB) announced $1 million in local grants to nonprofit recipients in honor of their 70th and 30th anniversaries, supporting communities in South Puget Sound, Portland Metro, and Douglas County Oregon. The merger of Umpqua Bank and Columbia Bank earlier this year formed a leading western bank and a top 30 bank in the U.S.

Bank honors combined legacies and commitments to local communities across the western region

LAKE OSWEGO, Ore., Dec. 15, 2023 /PRNewswire/ -- Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70^th and 30^th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.

According to David Moore Devine, Umpqua's Chief Marketing Officer, this year's anniversaries are especially meaningful given the merger of Umpqua Bank and Columbia Bank earlier this year.

"Umpqua Bank and Columbia Bank were formed with the vision of creating financial institutions deeply committed to the prosperity of local communities and providing a strong, relationship model of banking for families and businesses," said Moore Devine. "These grants reflect our ongoing appreciation for the nonprofit organizations that are committed to making a difference in our local communities."

Umpqua Bank and Columbia Bank merged in March 2023, combining the two premier Northwest banks to form a leading western bank and a top 30 bank in the U.S. Currently based in Lake Oswego, Oregon, Umpqua Bank was formed in 1953 to support the southern Oregon community of Canyonville in Douglas County, Oregon. In 1993, Columbia Bank, under the banner of Columbia Banking System Inc., was established in Tacoma, Washington, and quickly grew to become the leading community bank headquartered in the state.

Grant recipients were selected for their strong community leadership, their commitment to improving access to economic opportunity, and their support for a variety of under-resourced communities in the areas of affordable housing and homeownership, education, career readiness, entrepreneurship, and health and wellness.

To support the expansion and continued success of the recipients' strategic work, grants in the amounts of $100,000 and $50,000 were awarded by the Umpqua Bank Charitable Foundation to the following organizations:

$100,000 Grant Recipients

• Rebuilding Together South Sound (Tacoma, WA)
  Rebuilding Together South Sound's mission is to repair homes, revitalize communities, and rebuild lives with a vision of safe homes and communities for everyone.
  
  
• Portland Workforce Alliance (Portland, OR)
  Portland Workforce Alliance builds enduring partnerships that improve Oregon's graduation rate, supports career readiness, creates a strong and inclusive workforce, and helps regional employers develop and diversify their pipelines of talent. 

$50,000 Grant Recipients

South Sound Recipients

• Asia Pacific Cultural Center (Tacoma, WA)
  The Asia Pacific Cultural Center bridges communities and generations through the arts, culture, education, and business. The center represents and serves the Asia-Pacific people from 47 different countries, providing a wide range of programs and activities, many of which are free or very low cost for admission.
  
  
• Step By Step Family Support Center (Puyallup, WA)
  Step By Step equips pregnant mothers, women, and families to positively impact generations. Step By Step provides maternity support services, mental health services, and job training—supporting the entire family unit with a holistic approach to care.
  
  
• Tacoma Community House (Tacoma, WA)
  Tacoma Community House creates opportunities for immigrants and other community members in the Puget Sound region through comprehensive services focused on self-sufficiency, inclusion and advocacy.
  
  
• Tacoma Urban League (Tacoma, WA)
  The Tacoma Urban League helps African Americans and other underserved urban residents achieve social equality and economic independence through direct-service programming to Tacoma-Pierce County residents focused on education, health and welfare, economic development and advocacy.

Portland Metro Recipients 

• Community Partners for Affordable Housing (Tigard, OR)
  Community Partners for Affordable Housing advances equitable communities and housing justice by developing sustainable and long-lasting housing, providing residents with services for stabilization and growth, and connecting people who are unhoused with a place to call home.
  
  
• Hacienda Community Development Corporation (Portland, OR)
  As a Latino-led community development corporation, Hacienda strengthens families by providing affordable housing, homeownership support, economic advancement, and educational opportunities.
  
  
• Oregon Native American Chamber (Portland, OR)
  Known as the Northwest Native Chamber, this indigenous-led organization is dedicated to working with all members of the community to advance the educational and economic opportunities for Native Americans in Oregon, Washington and Idaho.
  
  
• Share Vancouver (Vancouver, WA)
  Share pursues a stronger community by building relationships, advocating for equitable access to housing and food stability while empowering every individual to grow and thrive. Share offers emergency shelters for men, women and families, a rapid re-housing program, permanent supportive housing, a robust outreach program, a community cleaning program, and meal and nutrition programs that provide meals and supplemental food supplies to the community.

Douglas County Recipients

• Umpqua Community Development Corporation (Roseburg, OR)
  Known as NeighborWorks Umpqua, the nonprofit empowers its neighbors in need to pursue opportunities in housing, finance and community. Programs and services include building resilience through financial education, financial coaching and the new Resilience Matched Savings Accounts sponsored by Business Oregon.
  
  
• Riddle Roots Community Projects (Riddle, OR)
  The mission of this organization is to improve the quality of life and instill a sense of belonging in rural, low-income Southern Douglas County communities by providing local, equitable access to essential gathering spaces, services, programs, resources and activities.

Additional Organizations Receiving Grants 

• Bellwether Housing (Seattle, WA)
  Bellwether Housing creates stable communities and access to opportunity through affordable housing. The nonprofit develops and manages homes for people with limited income near job centers, transit and services.
  
  
• California Capital Financial Development Corporation (Sacramento, CA)
  California Capital provides capital and development services to increase economic opportunities through integrated business services for underserved and underbanked communities and people. The nonprofit achieves this by offering a wide range of flexible training and counseling services, as well as financial products that streamline the ability for entrepreneurs to start their small business. 
  
  
• HomeAid America (Irvine, CA)
  HomeAid is dedicated to creating a future where individuals can overcome homelessness, embark on new life journeys and thrive by gaining access to housing, community engagement and education.
  
  
• NewWest Community Capital, Inc. (Boise, ID)
  NewWest increases access to capital for affordable housing and community facilities, halts community deterioration and creates jobs throughout the economically disadvantaged areas of the western United States.
  
  
• Nimiipuu Fund (Lapwai, ID)
  The Nimiipuu Fund facilitates financial independence by enhancing the personal and entrepreneurial capacity of the Nez Perce Reservation and surrounding communities. The fund promotes economic growth while embracing the cultural values and traditions by providing tailored culturally relevant financial products and services.
  
  
• Warm Springs Community Action Team (Warm Springs, OR)
  Warm Springs Community Action Team was founded to address issues of equity and access to resources that provide civic and economic opportunity for aspiring Native American business leaders, homeowners, tradespeople and youth in a geographically isolated, asset-poor, poverty-stricken community.

In addition to the $1 million in strategic local grants awarded by Umpqua Bank Charitable Foundation in honor of the bank's anniversary celebration, Umpqua Bank provided a special grant to Cake4Kids, a nonprofit that delivers free homemade cakes to at-risk and underserved youths across the country. Umpqua Bank awarded a $35,000 grant to the fourteen chapters that serve communities across the bank's footprint in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington.

To learn more about Umpqua Bank and its commitment to supporting local communities across the markets it serves please visit www.umpquabank.com/our-impact/partnerships/.

About Columbia and Umpqua Bank
Columbia (NASDAQ: COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. In March of 2023, Columbia and Umpqua combined two of the Pacific Northwest's premier financial institutions under the Umpqua Bank brand to create one of the largest banks headquartered in the West and a top-30 U.S. bank. With over $50 billion of assets, Umpqua Bank combines the resources, sophistication and expertise of a national bank with a commitment to deliver personalized service at scale. The bank operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington State and supports consumers and businesses through a full suite of services, including retail and commercial banking; Small Business Administration lending; institutional and corporate banking; and equipment leasing. Umpqua Bank customers also have access to comprehensive investment and wealth management expertise through Columbia Wealth Advisors and Columbia Trust Company, a subsidiary of Columbia. Learn more at www.columbiabankingsystem.com. 

About the Umpqua Bank Charitable Foundation
The Umpqua Bank Charitable Foundation, a 501(c)(3) organization of Umpqua Bank, recognizes the importance of building healthier, more resilient, better connected and inclusive communities throughout the eight-state footprint. It works to strengthen the communities Umpqua Bank serves by investing in organizations and initiatives that expand access to education and create economic opportunity for individuals, families and small businesses. The foundation was formed in 2014 to demonstrate Umpqua's deep commitment to the communities it serves and has distributed $18 million across the bank's footprint.

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SOURCE Umpqua Holdings Corporation

FAQ

What is the significance of the $1 million in local grants announced by Umpqua Bank and Columbia Banking System (Nasdaq: COLB)?

The $1 million in local grants is to mark their respective 70th and 30th anniversaries and support communities in South Puget Sound, Portland Metro, and Douglas County Oregon.

What was the impact of the merger of Umpqua Bank and Columbia Bank earlier this year?

The merger formed a leading western bank and a top 30 bank in the U.S.

What are the criteria for grant recipients selected by Umpqua Bank Charitable Foundation?

Grant recipients were chosen based on strong community leadership, commitment to improving access to economic opportunity, and support for under-resourced communities in affordable housing, education, career readiness, entrepreneurship, and health and wellness.

Which organizations received the $100,000 grants from Umpqua Bank Charitable Foundation?

Rebuilding Together South Sound and Portland Workforce Alliance were awarded $100,000 grants each.

Which organizations received the $50,000 grants from Umpqua Bank Charitable Foundation?

Asia Pacific Cultural Center, Step By Step Family Support Center, Tacoma Community House, Tacoma Urban League, Community Partners for Affordable Housing, Hacienda Community Development Corporation, Oregon Native American Chamber, Share Vancouver, Umpqua Community Development Corporation, Riddle Roots Community Projects, Bellwether Housing, California Capital Financial Development Corporation, HomeAid America, NewWest Community Capital, Inc., Nimiipuu Fund, and Warm Springs Community Action Team were awarded $50,000 grants each.

What other special grant did Umpqua Bank provide?

Umpqua Bank provided a $35,000 grant to Cake4Kids, a nonprofit that delivers free homemade cakes to at-risk and underserved youths across the country.