PR Newswire
LAKE OSWEGO, Ore., Dec. 15, 2023
Bank honors combined legacies and commitments to local communities across the western region
LAKE OSWEGO, Ore., Dec. 15, 2023 /PRNewswire/ -- Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.
According to David Moore Devine, Umpqua's Chief Marketing Officer, this year's anniversaries are especially meaningful given the merger of Umpqua Bank and Columbia Bank earlier this year.
"Umpqua Bank and Columbia Bank were formed with the vision of creating financial institutions deeply committed to the prosperity of local communities and providing a strong, relationship model of banking for families and businesses," said Moore Devine. "These grants reflect our ongoing appreciation for the nonprofit organizations that are committed to making a difference in our local communities."
Umpqua Bank and Columbia Bank merged in March 2023, combining the two premier Northwest banks to form a leading western bank and a top 30 bank in the U.S. Currently based in Lake Oswego, Oregon, Umpqua Bank was formed in 1953 to support the southern Oregon community of Canyonville in Douglas County, Oregon. In 1993, Columbia Bank, under the banner of Columbia Banking System Inc., was established in Tacoma, Washington, and quickly grew to become the leading community bank headquartered in the state.
Grant recipients were selected for their strong community leadership, their commitment to improving access to economic opportunity, and their support for a variety of under-resourced communities in the areas of affordable housing and homeownership, education, career readiness, entrepreneurship, and health and wellness.
To support the expansion and continued success of the recipients' strategic work, grants in the amounts of $100,000 and $50,000 were awarded by the Umpqua Bank Charitable Foundation to the following organizations:
$100,000 Grant Recipients
$50,000 Grant Recipients
South Sound Recipients
Portland Metro Recipients
Douglas County Recipients
Additional Organizations Receiving Grants
In addition to the $1 million in strategic local grants awarded by Umpqua Bank Charitable Foundation in honor of the bank's anniversary celebration, Umpqua Bank provided a special grant to Cake4Kids, a nonprofit that delivers free homemade cakes to at-risk and underserved youths across the country. Umpqua Bank awarded a $35,000 grant to the fourteen chapters that serve communities across the bank's footprint in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington.
To learn more about Umpqua Bank and its commitment to supporting local communities across the markets it serves please visit www.umpquabank.com/our-impact/partnerships/.
About Columbia and Umpqua Bank
Columbia (NASDAQ: COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. In March of 2023, Columbia and Umpqua combined two of the Pacific Northwest's premier financial institutions under the Umpqua Bank brand to create one of the largest banks headquartered in the West and a top-30 U.S. bank. With over $50 billion of assets, Umpqua Bank combines the resources, sophistication and expertise of a national bank with a commitment to deliver personalized service at scale. The bank operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington State and supports consumers and businesses through a full suite of services, including retail and commercial banking; Small Business Administration lending; institutional and corporate banking; and equipment leasing. Umpqua Bank customers also have access to comprehensive investment and wealth management expertise through Columbia Wealth Advisors and Columbia Trust Company, a subsidiary of Columbia. Learn more at www.columbiabankingsystem.com.
About the Umpqua Bank Charitable Foundation
The Umpqua Bank Charitable Foundation, a 501(c)(3) organization of Umpqua Bank, recognizes the importance of building healthier, more resilient, better connected and inclusive communities throughout the eight-state footprint. It works to strengthen the communities Umpqua Bank serves by investing in organizations and initiatives that expand access to education and create economic opportunity for individuals, families and small businesses. The foundation was formed in 2014 to demonstrate Umpqua's deep commitment to the communities it serves and has distributed $18 million across the bank's footprint.
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SOURCE Umpqua Holdings Corporation
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