Taylor Scott
Umpqua Bank is a financial holding company based in Portland, Oregon, with branches in Oregon, Washington, California, Nevada, Idaho, Arizona, Utah, and Colorado. The bank offers a range of services, including retail banking, business banking, and commercial finance. With over $50 billion in assets and more than 300 locations, Umpqua Bank is the largest bank headquartered in the Northwest and a leading financial institution in the western United States. While the bank has a strong presence across multiple states, it does not appear to have any branches in Hawaii as of now.
| Characteristics | Values |
|---|---|
| Locations | Oregon, Washington, California, Nevada, Idaho, Arizona, Utah, and Colorado |
| Number of Branches | 300+ |
| Assets | $50 billion+ |
| Headquarters | Portland, Oregon |
| Year of Founding | 1953 |
| Parent Company | Umpqua Holdings Corporation |
| Operating Subsidiaries | Umpqua Bank, Umpqua Investments |
| Services | Retail banking, business banking, commercial finance |
| Acquisition | Pacific Premier Bank |
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What You'll Learn
Umpqua Bank's location history
Umpqua Bank, headquartered in Portland, Oregon, has been serving its communities for over 50 years. The bank was formed in 1953 as South Umpqua State Bank in Canyonville, Oregon, with just six employees. It was started by a group of local timber workers who wanted to create a means for employees to cash their payroll cheques.
By 2002, Umpqua had expanded to 63 branches through the acquisition of Centennial Bancorp of Eugene, Oregon, for $214 million. In 2009, Umpqua assumed the deposits of Vancouver, Washington-based Bank of Clark County, and in 2010, it did the same for Seattle, Washington-based Evergreen Bank. In 2012, Umpqua attempted to acquire California-based American Perspective Bank for $44.7 million, which would have added two branches to its then 196 branches.
In September 2013, Umpqua announced a $2 billion deal to buy Sterling Financial Corporation, the parent company of the second-largest bank in Washington, Sterling Bank. The deal closed in April 2014, increasing the number of bank branches to 394 and assets to $22 billion. As of 2015, Umpqua Bank had $24 billion in assets and $18 billion in deposits, ranking among the largest 60 banks in the nation.
Umpqua Bank currently operates 294 branches across six states: Washington, Oregon, California, Idaho, and Nevada. It is the 26th largest bank in the US by branch count and the largest Oregon-based bank. In 2023 and 2024, Umpqua expanded further by acquiring Columbia State Bank in Tacoma, Washington, and Columbia Trust Company in Portland, Oregon, respectively.
In April 2025, Umpqua Bank entered into an agreement to acquire Pacific Premier Bank, which would give its customers access to over 350 branches throughout the West.
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Umpqua Bank's acquisition plans
Umpqua Bank, the largest bank chartered in Oregon, has been involved in several acquisitions and mergers over the years as part of its expansion strategy. Here is a detailed overview of Umpqua Bank's notable acquisition plans:
Acquisition of Pacific Premier Bank:
In April 2025, Umpqua Bank announced a definitive agreement to acquire Pacific Premier Bank, based in Irvine, California. This acquisition will provide Umpqua Bank with access to over 350 branches throughout the West and an enhanced suite of business services. The deal is expected to close later in the year, subject to regulatory and shareholder approvals.
Merger with Columbia Bank:
In October 2021, Umpqua Bank entered into a merger with Tacoma-based Columbia Bank. As part of the merger, Columbia Bank branches adopted the Umpqua name and branding. The combined entity, with its headquarters in Tacoma and operational base in the Portland area, aimed to establish a strong presence in the Western region.
Previous Acquisitions:
Umpqua Bank has a history of acquisitions dating back to 2009 when it assumed the deposits of Bank of Clark County in Vancouver, Washington. In 2010, Umpqua acquired Seattle-based Evergreen Bank and Rainier Pacific Bank in Tacoma, Washington. These acquisitions continued, with Umpqua acquiring Centennial Bancorp of Eugene, Oregon, in 2002 for $214 million, adding 63 branches to its network. In 2012, Umpqua attempted to purchase American Perspective Bank in California for $44.7 million, which would have further expanded its branch network.
Name Change:
With the expansion through acquisitions and mergers, Umpqua Bank has also undergone a name change. Previously known as South Umpqua State Bank, founded in 1953 in Canyonville, Oregon, the bank evolved and moved its corporate headquarters to Portland in 2001 and later to Lake Oswego in 2022. As of 2025, Umpqua Bank announced it would change its name to Columbia Bank to simplify its portfolio of brands, which includes Columbia Wealth Management, Columbia Trust Company, and Columbia Private Bank.
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Umpqua Bank's services
Umpqua Bank has been serving local businesses and individuals in their communities for over 50 years. The bank offers a range of services to help customers manage their finances and achieve their financial goals.
Umpqua Bank provides checking accounts that offer simplicity, flexibility, and convenience for everyday transactions and long-term financial objectives. The bank's online banking tools enable customers to manage their money remotely, including depositing cheques by snapping a photo with their phone. Additionally, Umpqua Bank offers credit cards that provide flexibility in spending and building credit, along with perks such as rewards programs.
For those seeking financing, Umpqua Bank assists with various loan types, including home loans, college funds, and retirement planning. Customers can also benefit from their partnership with Columbia Wealth Advisors, receiving personalized financial planning and investment guidance tailored to their specific goals.
Umpqua Bank also caters to business clients, offering an array of services to simplify running a business. These include commercial card programs, merchant services, payroll services, and tax payment services. With their upcoming acquisition of Pacific Premier Bank, Umpqua Bank will expand its network to over 350 branches throughout the West, further enhancing its business services.
Umpqua Bank's commitment to its customers is evident through its user-friendly mobile banking app, which provides secure access to personal or business accounts. The app offers features such as mobile check deposit, balance checks, transaction history, and bill payments, ensuring a seamless banking experience for its users.
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Umpqua Bank's assets and branches
Umpqua Bank has been serving its communities for over 50 years. It was started by a group of people in the timber business who wanted a means for employees to cash their payroll cheques. In 1953, South Umpqua State Bank opened its doors. Since then, Umpqua Bank has grown significantly, with its parent company, Umpqua Holdings, being publicly traded.
In 2002, Umpqua increased its number of branches to 63 by acquiring Centennial Bancorp of Eugene, Oregon, for $214 million. In 2009, Umpqua agreed to assume the deposits of Vancouver, Washington-based Bank of Clark County. The following year, the bank assumed the deposits of Seattle-based Evergreen Bank. In September 2013, Umpqua announced it would buy Sterling Financial Corporation, the parent company of the second-largest bank in Washington, for $2 billion. This acquisition increased the number of bank branches to 394 and the bank's assets to $22 billion. As of 2015, Umpqua Bank had $24 billion in assets and $18 billion in deposits, ranking it among the largest 60 banks in the US.
In February 2023, Umpqua Holdings merged with Columbia Banking System, resulting in a combined total of over $52 billion in assets. The bank now operates simply as Umpqua Bank. As of 2016, Umpqua Bank was the largest Oregon-based bank, with 350 branches across Oregon, Washington, California, and more. Umpqua Bank also entered into an agreement in April 2025 to acquire Pacific Premier Bank, which would further expand its presence to over 350 branches throughout the West.
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Umpqua Bank's subsidiaries
Umpqua Bank, formerly known as Umpqua Holdings Corporation, is a financial holding company based in Portland, Oregon. It has two principal operating subsidiaries: Umpqua Bank and Umpqua Investments.
Umpqua Bank has been serving its customers and communities for over 50 years through its local business and personal bankers. Umpqua Investments, formerly known as Strand, Atkinson, Williams and York (Investments), provides comprehensive investment and wealth management services.
Umpqua Bank has expanded significantly over the years through acquisitions and mergers. In 2010, it acquired the banking operations of Rainier Pacific Bank in Tacoma, Washington. In 2012, it attempted to purchase American Perspective Bank in California. In 2013, Umpqua announced the acquisition of Sterling Financial Corporation, the parent company of Sterling Bank, for $2 billion, increasing its branches to 394.
In 2021, Umpqua merged with Columbia Bank, a Tacoma-based financial institution. The combined company, with over $50 billion in assets, operates under the Umpqua Bank banner and offers a full suite of services, including retail and commercial banking, lending, and equipment leasing. The merger added Columbia Trust Company, Columbia Wealth Advisors, and Columbia Private Bank to Umpqua's subsidiaries, providing investment and wealth management expertise.
Umpqua Bank continues to grow and expand its presence across the Western United States, with plans to acquire Pacific Premier Bank in 2025, adding over 350 branches to its network.
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Frequently asked questions
No, as of 2016, Umpqua Bank has branches in Oregon, Washington, California, Nevada, and Idaho.
Umpqua Bank is headquartered in Portland, Oregon, United States.
Umpqua Bank has over 300 locations across the United States. As of 2016, the bank had 350 branches.
Umpqua Bank offers retail banking, business banking, and commercial finance services. They provide services for personal, business, and private banking needs.
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