Addition of retail banking and depository
services follows commercial lending expansion in 2022
South Jordan
location to support the depository and full banking needs of
businesses and consumers across Salt Lake
City Metro Area
LAKE
OSWEGO, Ore., Oct. 26,
2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of
Columbia Banking System Inc., (Nasdaq: COLB) announced today the
official opening of its first retail branch in Utah as part of the bank's continued expansion
throughout the western U.S. Located in South Jordan, Utah and within the greater
Salt Lake City Metropolitan Area,
the branch serves as a centralized hub to support the deposit and
banking needs of consumers and businesses in the surrounding
communities of Salt Lake
County.
According to Umpqua Consumer Bank President Chris Merrywell, the branch opening marks an
important step in growing the bank's Utah presence. Earlier this year, Umpqua merged with Columbia Bank, which had
established lending operations in Utah in 2022.
"Salt Lake City boasts one of
the strongest and most dynamic economies in the West, and we are
thrilled to be a growing part of helping communities here and
across Utah continue to thrive,"
said Merrywell. "Our first official Utah branch will complement our commercial
lending operation and extend our full suite of solutions and
personalized banking experience to families and businesses in the
area."
In July of 2022, the bank expanded to Utah, beginning with a commercial lending team
under the leadership of veteran-area commercial banker Jeff Thomas. Since then, the bank has added
several business and commercial lending team members. Harper Fleming serves as branch manager of
Umpqua's new Utah retail location, which hosts a
full-service banking team with deep local expertise in consumer,
small business, commercial and corporate, and wealth management
services.
Umpqua Bank and Columbia Bank merged in March 2023, creating the largest bank
headquartered in the Northwest and one of the leading regional
banks in the West. The South
Jordan branch marks the first expansion of the bank's retail
presence since the merger.
The branch is located at 10757 S. River Front Pkwy Ste. 275,
South Jordan, Utah 84095.
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 personalized service at scale.
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