Umpqua Holdings Corporation (NASDAQ:UMPQ) has announced that it will acquire the banking operations of EvergreenBank. The company made the purchase and assumption agreement with the Federal Deposit and Insurance Corporation (FDIC). Umpqua President and CEO Ray Davis states that the company is well positioned to acquire the deposits and loans of EvergreenBank. The company will work quickly to make the transition as smooth as possible for its customers and employees.
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Umpqua Holdings Corporation (Umpqua) is a financial holding company. Umpqua has two principal operating subsidiaries, Umpqua Bank and Strand, Atkinson, Williams and York, Inc. (Strand). Umpqua offers a range of financial products to meet the banking needs of its market area and targeted customers.
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