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Global Finance names Umpqua Bank as best US regional bank in the Far West
LAKE OSWEGO, Ore., May 2, 2024 /PRNewswire/ — Umpqua Banka subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), announced today that he has been appointed to Global Finance31st annual edition of the Best Banks in the World list. Umpqua was named the best US regional bank in the Far West.
Based in New York Global Financea leading international publication on corporate finance, each year ranks banks around the world based on a combination of factors including financial performance, balance sheet strength, range of products and services, customer satisfaction and returns to shareholders.
Umpqua Bank was among five prominent regional banks that made the 2024 rankings, receiving the top award for the West Coast region. Umpqua’s operations span eight states, including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington.
In 2023, Columbia Banking System and Umpqua Holdings Corporation combined two of the Northwest’s leading financial institutions in a transformational merger that created one of the largest banks headquartered in the West and now operates under the Umpqua Bank brand.
“We continue to grow our presence in many of the country’s most dynamic markets, bringing our unique combination of size, business experience and relationship-focused banking approach to communities across the West,” said Clint Stein, CEO of Umpqua Bank. “This honor reflects our talented associates’ dedication to supporting customer success, as well as our firm commitment to providing exceptional long-term value to all of our stakeholders.”
The complete list of banks recognized by Global Finance can be found at GFMag.com. The winners will be honored this October at a ceremony held in Washington, DC, during the 2024 Annual Meeting of the World Bank Group and the International Monetary Fund.
All winning selections were made by the editors of Global Finance after extensive consultations with corporate finance executives, bankers, consultants and analysts. In addition, banks were invited to submit applications to support their selections. Global Finance considered factors that ranged from quantitative objective to informed subjective. The objective criteria considered included: asset growth, profitability, geographic reach, strategic relationships, new business development and product innovation. Subjective criteria included the opinions of stock analysts, credit rating analysts, banking consultants and others involved in the industry.
About Umpqua Bank
Umpqua Bank is a subsidiary of Columbia Banking System Inc., (Nasdaq: COLB) and a leading regional bank in the western US, with offices in Oregon, Washington, California, Idaho, Nevada, Utah, Arizona and Colorado. With more than $50 billion in assets, Umpqua combines the resources, sophistication and experience of a national bank with a commitment to providing superior, personalized service. The bank is consistently ranked as one of America’s Best Banks (ranked by Forbes) and supports consumers and businesses through a full suite of services, including retail and commercial banking; Small business administration loans; institutional and corporate banks; equipment rental; and wealth management. The bank’s corporate headquarters are located in Lake Oswego, Oregon. Find out more at umpquabank.com.
SOURCE Umpqua Bank