Humboldt Bancorp (NASDAQ:HBEK)
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Umpqua Holdings Corporation and Humboldt Bancorp Announce
Anticipated Special Shareholder Meeting and Closing Dates for Humboldt Bancorp
Merger
PORTLAND, Ore., May 6 /PRNewswire-FirstCall/ -- Umpqua Holdings Corporation
and Humboldt Bancorp , today announced that they anticipate holding special
shareholder meetings on July 7, 2004, to vote on the proposed merger of
Humboldt Bancorp with Umpqua Holdings Corporation. In addition, subject to
receipt of regulatory and shareholder approvals and satisfaction of all
conditions to closing, the transaction is expected to close on or about July 9,
2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030827/UMPQLOGO )
About Umpqua Holdings Corporation
Umpqua Holdings Corporation is the parent company of Umpqua Bank, an Oregon
state-chartered bank recognized for its entrepreneurial approach, innovative
use of technology, and distinctive banking solutions. Umpqua Bank has 64
stores throughout Oregon and Southwest Washington. The bank was named #1 on
"The 100 Best Companies to Work For in Oregon" large companies list for 2004 by
Oregon Business Magazine. Umpqua Holdings also owns a retail brokerage
subsidiary, Strand, Atkinson, Williams & York, Inc. which has 16 locations
throughout Oregon and Southwest Washington and offers brokerage services within
Umpqua Bank stores. Additionally, Umpqua Holdings' Private Client Services
Division provides tailored financial services and products to individual
customers. Umpqua Holdings Corporation is headquartered in Portland, Oregon.
For more information, please 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, which offers business and consumer banking
services at 27 locations throughout Northern California. For additional
information, please visit http://www.humboldtbancorp.com/ .
This press release includes forward-looking statements within the meaning of
the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of
1995, which management believes are a benefit to shareholders. These
forward-looking statements describe the companies' expectations regarding
future events and developments, including that all conditions required to close
the merger will be met. These statements are necessarily subject to risk and
uncertainty and actual results could differ materially due to certain risk
factors, including those set forth from time to time in the companies' filings
with the SEC. Specific risks in this press release include the companies'
ability to hold a shareholder meetings, satisfy merger closing conditions and
close the merger as expected. You should not place undue reliance on
forward-looking statements and we undertake no obligation to update any such
statements.
The foregoing may be deemed to be offering or solicitation materials of Umpqua
Holdings Corporation and Humboldt Bancorp in connection with Umpqua's proposed
merger Humboldt Bancorp. Shareholders are urged to read the joint proxy
statement/prospectus included in the registration statement on Form S-4, which
Umpqua Holdings filed with the SEC in connection with the proposed merger,
because it contains important information about Umpqua, Humboldt Bancorp, the
merger and related matters. The directors and executive officers of Umpqua and
Humboldt Bancorp may be deemed to be participants in the solicitation of
proxies from their respective shareholders. Information regarding the
participants and their security holdings can be found in the joint proxy
statement/prospectus filed with the SEC. All documents filed with the SEC are
available for free, both on the SEC web site (http://www.sec.gov/) and from
Umpqua by directing a request to Umpqua Holdings Corporation, Attention:
Investor Relations, 200 SW Market Street, Suite 1900, Portland, OR 97201, and
from Humboldt Bancorp by directing a request to Humboldt Bancorp, Investor
Relations, 2998 Douglas Blvd., Suite 330, Roseville, CA 95661.
http://www.newscom.com/cgi-bin/prnh/20030827/UMPQLOGO
http://photoarchive.ap.org/
DATASOURCE: Umpqua Holdings Corporation
CONTACT: Ray Davis, President/CEO, +1-503-546-2490, or
, or Dan Sullivan, EVP/CFO, +1-503-546-2492, or
, both of Umpqua Holdings Corporation; or Robert M.
Daugherty, President/CEO, +1-916-783-2813, or ,
or Patrick J. Rusnak, Chief Financial Officer, +1-916-783-2812, or
, both of Humboldt Bancorp
Web site: http://www.humboldtbancorp.com/
Web site: http://www.umpquaholdingscorp.com/