Umpqua Holdings Corporation and Humboldt Bancorp Shareholders Approve Merger
July 08 2004 - 8:00AM
PR Newswire (US)
Umpqua Holdings Corporation and Humboldt Bancorp Shareholders
Approve Merger PORTLAND, Ore., July 8 /PRNewswire-FirstCall/ --
Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua
Bank and Strand, Atkinson, Williams & York, Inc., and
California-based Humboldt Bancorp (NASDAQ:HBEK) announced today
that of the shares voted at their respective meetings, over 95
percent were cast in favor of the merger between the two companies.
The shareholder meetings, held on July 7, approve Oregon-based
Umpqua Holdings' acquisition of Humboldt Bancorp and the merger of
Humboldt's principal operating subsidiary, Humboldt Bank, into
Umpqua Bank. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO ) The
companies have received all regulatory approvals and the
anticipated closing date is July 9. About Umpqua Holdings
Corporation Umpqua Holdings Corporation, with total assets of about
$3 billion, is the parent company of Umpqua Bank, an Oregon based
community bank recognized for its entrepreneurial approach,
innovative use of technology, and distinctive banking solutions.
Umpqua Bank has 64 stores throughout Oregon and Southwest
Washington. Umpqua Holdings also owns a retail brokerage
subsidiary, Strand, Atkinson, Williams & York, Inc. which has
14 locations throughout Oregon and Southwest Washington and offers
brokerage services within Umpqua Bank stores. Additionally, Umpqua
Bank's Private Client Services Division provides tailored financial
services and products to individual customers. Umpqua Holdings
Corporation is headquartered in Portland, Oregon. For more
information, visit http://www.umpquaholdingscorp.com/. About
Humboldt Bancorp Humboldt Bancorp, with total assets of
approximately $1.5 billion, is the bank holding company for
Humboldt Bank and its divisions, Capitol Valley Bank, Feather River
State Bank and Tehama Bank, which offer business and consumer
banking services at 27 locations throughout Northern California.
For additional information, please visit
http://www.humboldtbancorp.com/. This press release includes a
forward-looking statement regarding the expected date of
consummation of the merger. This statement is subject to risk and
uncertainty. The ability of Umpqua Holdings Corporation and
Humboldt Bancorp to fulfill their respective closing conditions of
the transaction is a risk factor, and the actual closing may occur
later than anticipated.
http://www.newscom.com/cgi-bin/prnh/20030917/SFW078LOGO
http://photoarchive.ap.org/ DATASOURCE: Umpqua Holdings Corporation
CONTACT: media, Charley Ciresi of Lane Marketing, +1-503-546-7878,
or , for Umpqua Holdings Corporation; or Dan Sullivan,
+1-503-546-2492, or , or Lani Hayward, +1-503-228-2117, or , or Pat
Rusnak, +1-916-783-2812, or , all of Umpqua Holdings Corporation
Web site: http://www.humboldtbancorp.com/ Web site:
http://www.umpquaholdingscorp.com/
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