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Umpqua Bank Launches Homebuilder Finance Group

Stocks in this article: UMPQ

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), continues the expansion of its commercial real estate presence in the Pacific Northwest with the addition of a new homebuilder finance group. The new group will provide Oregon- and Washington-based residential regional homebuilders and developers with access to construction and development loans.

To lead the venture, Umpqua has hired Kelly Warter as senior vice president and homebuilder finance manager. Based in Seattle, Warter will oversee the bank’s homebuilder finance operations, including the expansion of products and portfolios. Warter brings more than 30 years of homebuilder finance and commercial real estate lending experience and will report to John Swanson, senior vice president and head of Umpqua Bank’s commercial real estate division.

“We are very pleased to welcome Kelly to the Umpqua Bank team,” said John Swanson. “Her extensive experience in construction and residential development lending makes Kelly a tremendous asset as we expand our commercial real estate offerings throughout the Pacific Northwest.”

Also joining Umpqua’s homebuilder finance division are Lisa Woodruff, senior assistant relationship manager, and Sheneil Kliewer, senior loan administrator. Collectively, the team has more than 50 years of experience in homebuilder and developer financing.

For more information about Umpqua Bank, its homebuilder and commercial real estate offerings, visit umpquabank.com.

About Umpqua Bank

Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation with locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for the past six years in a row on FORTUNE magazine’s list 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 Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.

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