Umpqua Holdings Corporation Names Susan Stevens to Board of Directors

Umpqua Holdings Corporation UMPQ, the parent company of Umpqua Bank, has appointed Susan F. Stevens to its board of directors effective September 27, 2012. Stevens is recently retired from J.P. Morgan Chase, where she served as managing director, head of corporate banking for the Americas. The position was the culmination of a career spanning more than 30 years in the banking industry that involved amassing broad-based industry knowledge and expertise in client management, capital markets and risk management. “Susan brings a terrific depth of knowledge and expertise to Umpqua's board,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “Her deep background in banking will add valuable perspective as the board and management team continue to advance the company's growth strategy, and we are pleased to welcome her to Umpqua.” Before joining J.P. Morgan Chase, Stevens served as executive vice president of the capital markets group at Wells Fargo Bank, overseeing loan syndications and real estate securitizations, real estate advisory and asset management. Previously, Stevens spent more than a decade at Bank of America.