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Umpqua Holdings Promotes Frank Namdar to Chief Credit Officer

PORTLAND, Ore., Nov. 15, 2018 (GLOBE NEWSWIRE) -- Umpqua Holdings Corporation (UMPQ), parent company of Umpqua Bank and Umpqua Investments, announced today that Frank Namdar has been promoted to chief credit officer and will join the executive leadership team. In his new role, Namdar will assume responsibility for credit risk, special assets, appraisal services and credit approval-related functions for Umpqua Bank and its subsidiary Financial Pacific Leasing. Namdar will also manage Umpqua’s credit policy and assume leadership of the bank’s credit policy committee.

“Frank has been an outstanding leader for Umpqua since joining our bank six years ago and has a long record of success overseeing complex credit operations at strong financial institutions,” said Cort O’Haver, Umpqua Bank president and CEO. “As chief credit officer, Frank will play an important role in helping Umpqua achieve our balanced growth business objectives and goals.”

Namdar brings more than 30 years of credit and risk experience to his position, including the last four years as an executive and senior credit officer at Umpqua. Namdar also previously held a variety of credit and risk leadership roles over a 25-year career at US Bancorp, with eight years as executive vice president and chief credit officer for US Bank Equipment Finance.

Namdar earned a Bachelor of Science in Finance and Law from Portland State University and is a member of the Financial Management Honor Society. He currently serves on the Lending Committee of the Oregon Bankers Association.
    
About Umpqua Holdings Corporation
Umpqua Holdings Corporation (NASDAQ:UMPQ) is the parent company of Umpqua Bank, an Oregon-based regional bank recognized for its entrepreneurial approach, innovative customer experience, and distinctive banking solutions. Umpqua Bank has locations across Oregon, Washington, California, Idaho and Nevada. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit umpquabank.com.

Media Contact:
Kurt Heath
503-219-6124
KurtHeath@umpquabank.com