Global Finance: Umpqua Best In West
Umpqua Bank, a subsidiary of Columbia Banking System Inc., has been recognized as the best U.S. Regional Bank in the Far West by Global Finance. This announcement came on May 2, 2024.
The prestigious Global Finance, a New York-based corporate finance publication, ranks banks worldwide annually. The determinants for ranking include financial performance, balance sheet strength, product and service range, customer satisfaction, and shareholder returns.
Umpqua Bank emerged among the top in 2024 rankings, competing with five significant regional banks. The bank was acknowledged for its noteworthy presence in the west coast region, with operations extending to eight states including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington.
Following a transformative merger between Columbia Banking System and Umpqua Holdings Corporation in 2023, Umpqua Bank flourished to become one of the largest banks in the West.
“We continue to grow our presence in many of the most dynamic markets in the country, bringing our unique combination of size, business expertise and relationship-focused banking approach to communities throughout the West,” said Clint Stein, CEO of Umpqua Bank. “This honor reflects the dedication of our talented associates to support customer success, as well as our steadfast commitment to deliver exceptional long-term value to all our stakeholders.”
Celebrating the winners, Global Finance will organize a ceremony in Washington, D.C. This event will coincide with the 2024 Annual Meeting of the World Bank Group and the International Monetary Fund in October.
The editors of Global Finance selected winners after thorough consultations with banking consultants, corporate financial executives, and equity and credit rating analysts. The selection process took into account both quantitative objectives and informed subjectives. The list of recognized banks can be accessed on GFmag.com.
Umpqua Bank, with over $50 billion of assets, combines the expertise and resources of a national bank while delivering personalized service. It consistently ranks as one of America’s Best Banks by Forbes. The bank, headquartered in Lake Oswego, Oregon, provides a comprehensive range of services, including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, equipment leasing, and wealth management.
Source: Press Release
