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
