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Article: Umpqua Private Bank Opens to Fill Niche in Portland.
- Article from:
- Investment Weekly News
- Article date:
- October 17, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Umpqua Private Bank, a new division of Umpqua Bank, is open for business. Umpqua Private Bank serves high net worth individuals in Portland, Ore., providing customized financial solutions to customers with more than $3 million in net worth and $1 million in investable assets. Umpqua Bank, a subsidiary of Umpqua Holdings Corp. (NASDAQ: UMPQ), announced the formation of its private bank in August. The private bank is designed to augment Umpqua's existing high-touch customer experience, and will work collaboratively with the bank's affiliate retail brokerage, Umpqua Investments, to offer a comprehensive, integrated approach that meets clients' financial goals.
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