Umpqua Holdings Corporation and Humboldt Bancorp Shareholders Approve Merger

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

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DATASOURCE: Umpqua Holdings Corporation



CONTACT:  media, Charley Ciresi of Lane Marketing, [phone], or

, for Umpqua Holdings Corporation; or Dan Sullivan,

[phone], or , or Lani Hayward,

[phone], or , or Pat Rusnak,

[phone], or , all of Umpqua Holdings

Corporation



Web site:  http://www.humboldtbancorp.com/ 

Web site:  http://www.umpquaholdingscorp.com/ 

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