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Umpqua Bank Selects Sonny Sonnenstein As EVP & Chief Information Officer

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced that Sonny Sonnenstein had joined the company as EVP and Chief Information Officer, reporting to CFO Ron Farnsworth. Sonnenstein brings more than twenty years of financial services experience to the organization and will lead Umpqua’s efforts to continue to innovate and enhance the customer experience.

“We are committed to ensuring our customers have an unparalleled experience whether they are in our stores, visiting us online, or banking on mobile devices,” said Ray Davis, president and CEO of Umpqua Bank. “Sonny’s decades of experience at the intersection of financial services and technology provide us key leadership for 2013 and beyond, enabling us to meet and exceed what our customers have grown to expect from Umpqua Bank.”

Before joining Umpqua Bank, Sonnenstein was the SVP and Group CIO for Corporate Systems and Information Management at First Horizon in Memphis. His career also includes senior strategy and technology positions with Wachovia, PriceWaterhouseCoopers, LLC in the US and UK, and as a principal and co-founder of Core Technology Partners, LLC.

Sonnenstein holds an M.B.A. in Finance and Management Information Systems from the Johnson School at Cornell University, and a B.S. in Business Management and Marketing from Cornell University. He is also a former Certified Public Accountant.

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,” and was recently named by The Portland Business Journal, for the eighth consecutive year, Most Admired Financial Services Company in Oregon, and the state’s fifth-most admired company overall for 2012.

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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