Does anyone know why the son of the bank founder...and the family with one of the biggest stock holdings was removed from asked to leave the board by the board chair...Allen Ford....whats up inside the workings of Umpqua Bank these days.....
What a bunch of sheep. Not a one of you bothered to actually call investor relations to confirm this. Well, if you truely had the response you would have received is a polite "no" Herbert has not left the board. Still don't beleive it. Try calling yourself.
As for the stock itself, it is actually tracking about average compared to the vast majority of banks, which across the board have been beaten up due to the sub-prime mess. This you can actually confirm by using that handy little chart in the top right of the prior page.
Needless to say, I am long until the current mess that involves the whole financial industry works its way out.