Umpqua Bank Launches E3 Business Lending Program

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ), today introduced its new E3 Business Lending Program, which streamlines the commercial loan process and allows businesses to access specific credit products within an industry-leading 48 hour approval time in most cases. The program includes commercial and industrial loans of $1 million or less. More than 80 percent of the loans in Umpqua’s commercial loan portfolio would fall within this category.

“Providing local businesses with access to the financial resources and expertise they need in order to grow is an essential part of investing in the communities Umpqua serves,” said Cort O’Haver, Umpqua Bank’s president of commercial banking. “Umpqua is always looking for how we can deliver bank products and services differently. With E3, we’re enhancing the expertise of our commercial banking teams with an industry-leading program to help our customers secure the capital they need.”

The E3 Business Lending Program streamlines the credit evaluation process, allowing Umpqua to evaluate credit requests of $1 million or less in an accelerated manner. More complex applications that require additional expertise or information will continue to be managed through Umpqua’s existing commercial banking and credit programs.

For more information about the program, call 1-866-486-7782 or visit www.umpquabank.com.

About Umpqua Bank

Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California and Northern Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for the past eight years in a row on FORTUNE magazine's list of the country's "100 Best Companies to Work For," and was recently named by The Portland Business Journal the Most Admired Financial Services Company in Oregon for the ninth consecutive year. In addition to its retail banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to small businesses.

Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which offers services through Umpqua Bank stores and in dedicated offices throughout Oregon. Umpqua's Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.