Umpqua Bank's retail and commercial space
supports full-service consumer, commercial, private banking and
wealth management services
LAKE OSWEGO, Ore.,
March 11,
2025 /PRNewswire/ -- Umpqua Bank, a
subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today
announced the opening of its first retail branch and commercial
office in Denver, Colo., marking
another milestone in its ongoing expansion across the Western U.S.
The bank's continued growth and expansion in Colorado builds upon the success of its
initial entry in the market in 2022 providing commercial real
estate services.
According to Chris Merrywell,
President of Consumer Banking, the announcement reflects Umpqua
Bank's commitment to investing in markets with strong economic
potential and business communities that align with its
relationship-based approach to banking.
"Denver has so much to offer in
terms of its quality of life, dynamic economy and vibrant business
community. The city is a real catalyst for prosperity in
Colorado and across the Mountain
West," said Merrywell. "Umpqua Bank is thrilled to strengthen our
presence here as we strive to become the premier, full-service bank
of choice in communities throughout Colorado and the broader region."
Umpqua Bank initially entered Colorado in 2022 with the addition of middle
market banking executive Shawn
Thompson. Over the past three years, the bank has steadily
added services and capabilities to its Colorado offering, supporting businesses of
all sizes as well as high net worth individuals through its private
bank and wealth management services.
"Since entering the market, Umpqua Bank has led with talent.
We've assembled a top local banking team that offers an alternative
option for businesses that want robust capabilities and expertise,
paired with a personalized banking experience," said Thompson.
"Opening our first retail branch and commercial office space in the
heart of Denver's thriving
business community signals our long-term commitment to the market
and enables us to support the full range of customer banking
needs."
Umpqua Bank's location in the Denver Tech Center includes a
7,500 square foot commercial space that opened in January 2025 and an additional 2,600 square foot
retail branch. The local team will host a grand opening event for
the broader community in April.
The branch is led by Daniel Maganda, who brings more than
14 years of banking experience to his role at Umpqua Bank and is an
active volunteer with the Rocky Mountain Finance Institute, where
he assists local entrepreneurs with identifying targets and
developing marketing strategies. The branch is located at 4600 S
Syracuse St, Suite 150 Denver, CO
80237 and will be open from 9 a.m. to 5
p.m., Monday through Friday.
The bank has plans to open another commercial and retail
location in Colorado Springs later
this year.
Community Involvement
Umpqua Bank plays an active role in the communities in which it
operates. As part of the bank's continued expansion in Denver, the Umpqua Bank Charitable Foundation
(UBCF) recently contributed a combined $60,000 in charitable donations to Care and
Share, Children's Hospital Colorado Foundation, Goodwill of
Colorado, Pikes Peak Community
Foundation, Pikes Peak or Bust Rodeo Foundation and Warren
Village.
Additionally, the UBCF donated $25,000 to the Denver Indian Family Resource
Center to advance the work of nonprofit partners that support the
needs of tribal and indigenous communities.
Learn more about Umpqua Bank's growing Colorado presence at
https://www.umpquabank.com/colorado/.
About Umpqua Bank
Umpqua Bank, a subsidiary of
Columbia Banking System, Inc. (Nasdaq: COLB), is an
award-winning regional financial institution supporting businesses
of all sizes and consumers across eight western states.
Headquartered in Lake Oswego,
Oregon, with more than $50
billion in assets, Umpqua
is the largest Northwest-based and third largest publicly traded
bank on the West Coast. Through a network of nearly 300 branches
and a full suite of commercial and retail capabilities,
Umpqua is taking its celebrated
brand of relationship banking across the West into some of the most
dynamic and economically vibrant markets in the country. For its
commitment to exceptional customer service and thriving
communities, Umpqua has been named
one of "Oregon's Most Admired
Companies" for 20 straight years and is consistently ranked by
Newsweek as one of "America's Most Trustworthy Companies."
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SOURCE Umpqua Bank
