National Honor Recognizes Organizations Dedicated to Employee Well-Being and Community Service
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), has been named to the Center for Companies That Care 2010 Honor Roll. The Center for Companies That Care, a national, not-for-profit organization, recognizes organizations that provide a thriving work environment for employees and are committed to community service. This is Umpqua Bank''s third consecutive year to make the Companies That Care Honor Roll.
"We are honored to once again have our corporate philosophy and hard-working associates recognized on the Companies That Care Honor Roll," said Ray Davis, president and CEO of Umpqua Bank. "Umpqua''s strength is made possible by the commitment of our associates who make a difference inside our workplace and in the markets in which we operate. I am very proud of their dedication to our customers and communities."
The Honor Roll is selected by an independent panel of seasoned professionals in a variety of industries. Umpqua Bank, like the other companies named to the list, excels in the 10 Characteristics inherent to a "Company That Cares," which include: developing employees and leaders, supporting the pursuit of work/life balance, sustaining a work environment founded on dignity and respect for all employees, providing competitive compensation and benefits, and volunteering in the community.
"We are extremely impressed that during a tough economy the Honor Roll employers – such as Umpqua Bank – are doing whatever they can to sustain individuals, families, and communities. Not increasing employees'' benefits costs, decreasing expenses in other areas to keep providing merit increases and recognition programs, and continuing to engage employees in community service are just a few actions these employers have taken," said Marci Koblenz, co-founder and president of Center for Companies That Care.
Those named to the 2010 list feature U.S. organizations that are large, medium and small, public and private, for-profit and not-for-profit, in diverse industries headquartered in 18 states. A full list of recognized employers appears at www.companies-that-care.org.
The Honor Roll is announced annually in conjunction with the annual launch of CAREDAYS, a month-long national initiative to engage individuals and employers in activities addressing a significant societal issue in our communities. CAREDAYS10 supports childhood literacy by providing books to under-resourced classroom libraries.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ) and has 176 locations between San Francisco, Calif., and Seattle, Wash.; along the Oregon and Northern California Coast; and in both Central California and Central Oregon. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including TheWall Street Journal, The New York Times, BusinessWeek,Fast Company and CNBC. The company has been recognized for the past four years in a row on FORTUNE magazine''slist of the country''s "100 Best Companies To Work For." Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments Inc., which offers services through Umpqua Bank stores and in dedicated offices throughout Oregon. Umpqua''s Private Bank Division serves high-net-worth individuals and non-profits, providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.
About Center for Companies That Care
Center for Companies That Care is a national, not-for-profit organization dedicated to enhancing the well-being of employees and communities by encouraging employers to integrate the 10 Characteristics of Companies That Care into their daily business practices. For more about Center for Companies That Care, the Honor Roll process, 2010 Honor Roll recipients or CAREDAYS10: Terrific Tales, visit www.companies-that-care.org or call 312-661-1010.
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Media Contact:
Eve Callahan, 503-546-7867
Eve@lanepr.com
