Umpqua Announces CEO Succession Plan
Umpqua Holdings announced President and CEO Ray Davis will become executive chair of the company’s board effective January 2017.
June 21, 2016
Cort O’Haver | Ray Davis | Umpqua Holdings
Rita Garwood
Umpqua Holdings announced President and CEO Ray Davis will become executive chair of the company’s board effective January 2017.
Ron Farnsworth, EVP and CFO for Umpqua Holdings and its subsidiaries, Umpqua Bank and Umpqua Investments, was named CFO of the Year in the public company category by the Portland Business Journal .
Weil, Gotshal & Manges said it is advising Thomas H. Lee Partners, as 23% shareholder, in the $2 billion stock and cash sale of Sterling Financial to Umpqua Holdings.
Umpqua Holdings and Sterling Financial announced they have entered into an agreement under which Sterling will merge with and into Umpqua. The combined organization will have about $22 billion in assets.