Umpqua Holdings Corporation Promotes Cort O’Haver to President of Umpqua Bank

Umpqua Holdings Corporation (NASDAQ:UMPQ) today announced the promotion of Cort O’Haver to president of Umpqua Bank. O’Haver, who has more than 25 years of experience in banking, has been at Umpqua Bank for the past six years, serving most recently as the bank’s president of commercial banking.

Since joining Umpqua in 2010, O’Haver has overseen all aspects of commercial banking. In that time, he has successfully diversified Umpqua’s commercial business and functions, adding international banking, equipment leasing and debt capital markets capabilities, among others, while also managing geographic expansion into new markets.

“Over the past six years, I’ve worked closely with Cort during some of the most important and pivotal years in Umpqua’s history. He’s excelled operationally, financially and culturally as president of commercial banking, and has been instrumental in working with me to advance Umpqua’s unique vision and value proposition,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “I’m pleased to recognize Cort’s accomplishments with this promotion and confident our company will continue to thrive under his expanded leadership.”

About Umpqua Holdings Corporation

Umpqua Holdings Corporation (NASDAQ:UMPQ) 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 locations across Idaho, Washington, Oregon, California and Northern Nevada. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua Private Bank serves high net worth individuals and non-profits, providing trust and investment services. Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit www.umpquaholdingscorp.com.

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Umpqua Holdings CorporationEve Callahan, [e-mail]