Wednesday, August 10, 2022

UMPQUA BANK EXPANDS MIDDLE MARKET BANKING DIVISION TO COLORADO

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In line with Umpqua’s Head of Center Market Banking Richard Cabrera, right this moment’s announcement marks Umpqua’s newest Western US-expansion and displays its dedication to construct best-in-class banking groups throughout the Mountain West area, led by Jonathan Dale, EVP – Oregon & Mountain West Regional Director. The addition of Thompson provides the financial institution rapid market entry and capability to completely help the banking wants of mid-size corporations throughout the higher Denver Metro, Colorado Springs, and Fort Collins.

“Our dedication to Colorado and each market we serve begins with confirmed leaders who know the area and embrace our expertise-driven and personalised, team-based method to buyer relationships,” mentioned Cabrera. “Shawn is an distinctive rent on each fronts. We’re thrilled to have somebody of his caliber and repute on board to assist set up our presence and have an instantaneous impression available in the market.”

Thompson has spent his whole profession in Colorado constructing high center market banking groups that help the complicated monetary wants and progress of mid-size corporations. His experience spans quite a few industries vital to the area’s financial system, together with nonprofits, meals and beverage, healthcare, authorities contracts, auto vendor and business actual property. Most just lately, Thompson led PNC Financial institution’s business banking group in Colorado following eight years as market president of BBVA Compass, which was acquired by PNC in 2021. Compass Financial institution initially tapped Thompson to determine and lead its entrance into Colorado and assist construct its business banking presence previous to being acquired by BBVA USA.                                                                                                                  

“Denver has a vibrant enterprise group that helps a terrific high quality of life throughout Colorado and past,” mentioned Umpqua Financial institution President Tory Nixon. “As a Western US-based financial institution, we’re thrilled to affix that group and see the chance right here beneath Shawn’s management as a pure extension of our dedication to grow to be a trusted banking companion within the nice business facilities throughout our area.”

Thompson presently serves as board chairman for Rocky Mountain Healthcare Providers and has been actively concerned in board management with the YMCA of the Pikes Peak area. He holds a Meals System Economics & Finance diploma from Michigan State College and graduated from the BBVA College of Administration Program on the College of Texas.

Umpqua Financial institution, a Western US regional financial institution with greater than $30B in property, now operates in seven Western states, together with Arizona, California, Colorado, Idaho, Nevada, Oregon, and Washington.

About Umpqua Financial institution
Umpqua Financial institution, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Company, and has areas throughout Arizona, California, Colorado, Idaho, Nevada, Oregon, and Washington. Umpqua Financial institution has been acknowledged for its progressive buyer expertise and banking technique by nationwide publications together with The Wall Road Journal, The New York Instances, BusinessWeek, Quick Firm and CNBC. The corporate has been acknowledged for eight years in a row on FORTUNE journal’s listing of the nation’s “100 Greatest Corporations to Work For,” and was just lately named by The Portland Enterprise Journal the Most Admired Monetary Providers Firm in Oregon for the seventeenth consecutive yr. Along with its retail banking presence, Umpqua Financial institution owns Monetary Pacific Leasing, Inc., a nationally acknowledged business finance firm that gives gear leases to small companies.

SOURCE Umpqua Financial institution



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