Daily News: April 23, 2015

Umpqua to Promote Shotwell to CCO

Umpqua Bank announced David Shotwell was promoted to chief credit officer following the retirement of Mark Wardlow, effective July 1, 2015.

Wardlow has been with Umpqua Bank for 11 years, serving as EVP and chief credit officer since 2009. Shotwell also joined Umpqua Bank in 2004 and brings more than 30 years of expertise in both lending and credit administration to the position. He will continue the company’s focus on growing and strengthening Umpqua’s loan portfolio.

Shotwell is responsible for credit administration and approval for commercial banking and commercial real estate within Umpqua’s five-state footprint. Before joining Umpqua, he worked for more than 20 years in the commercial banking and commercial real estate industry.

“This announcement highlights one of Umpqua’s strongest attributes — the depth of our leadership team, which allows us to promote from within. As a senior leader of our credit quality teams for years, David has demonstrated great expertise. His credit administration experience combined with his background in commercial and residential lending are a terrific fit for the company’s focus on quality loan growth, and I look forward to welcoming him to the executive team,” said Ray Davis, Umpqua president and CEO.