Umpqua Bank Hires Dave Ericksen to Build Upper Middle Market Banking Team
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has appointed Dave Ericksen as its new Senior Vice President and Middle Market Director for the Pacific Northwest region. With over 25 years of banking experience, Ericksen aims to enhance Umpqua's capabilities to support large middle-market companies amid economic uncertainty. His extensive background, including previous roles at US Bank and Key Bank, is expected to drive growth and provide valuable expertise to clients. This strategic hire aligns with Umpqua's goal of recruiting top talent to bolster its service delivery.
- Hiring of experienced banker Dave Ericksen enhances Umpqua's middle market banking capabilities.
- Ericksen's extensive experience in various sectors can drive business growth.
- Strategic focus on recruiting top bankers indicates strong commitment to market expansion.
- Concerns about potential gaps in continuity during the transition of leadership.
PORTLAND, Ore., Feb. 18, 2021 /PRNewswire/ -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), announced today the addition of Dave Ericksen to its Pacific Northwest (PNW) middle market banking leadership team as senior vice president and middle market director. Recognized as one of the PNW region's leading corporate bankers, Ericksen strengthens Umpqua's capacity to support the growth and evolution of the region's large middle market companies.
According to Richard Cabrera, evp and head of Umpqua's middle market banking division, Ericksen's hire is part of Umpqua's strategy to recruit top bankers and market leaders across its West Coast footprint to expand access to the sophisticated expertise needed by complex, high-growth enterprises, particularly during a period of continued economic uncertainty.
"Businesses have persevered through tremendous disruption and many have adapted in ways that position them for growth as the economy stabilizes. A trusted, capable banking partner has never been more critical to their continued success," said Cabrera. "Dave brings uncommon expertise and skill to our team of bankers and his addition illustrates the high priority Umpqua has placed on helping our customers gain a competitive advantage through periods of both economic expansion and contraction."
Before joining Umpqua, Ericksen contributed to the success of US Bank and Key Bank over his more than 25 years in banking. Most recently, he served as an enterprise banker at Key Bank, where he successfully helped drive that institution's growth in a variety of key sectors, including health care, metals & recycling, and food and beverage, among others.
"Dave is a highly-regarded banker with long-standing connections to our region's industries, economy, and companies," said Jonathan Dale, evp and Pacific Northwest executive of middle market banking. "Throughout his career, Dave has established trusted relationships with middle market business owners, helping them finance growth, optimize working capital, and automate cashflow. His leadership experience and forward-thinking approach to understanding a business' vision and objectives will complement Umpqua's high-touch client experience."
Ericksen earned a B.B.A. in Accounting & Finance from Pacific Lutheran University and an Executive Leadership Certification from University of Washington. He's also a graduate of Pacific Coast Banking School, and during his career has held licenses as a Certified Treasury Professional (CTP), an Oregon Life & Health Insurance professional, and a Series 6 & 63. Ericksen currently serves on the board of Portland Opera.
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 Nevada. Umpqua Bank has been recognized 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 sixteenth 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. A subsidiary of Umpqua Holdings Corporation, Umpqua Investments, Inc., provides retail brokerage and investment advisory services in offices throughout Washington, Oregon, California and Nevada.
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SOURCE Umpqua Bank
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