Umpqua Bank Eyes Post-Merger Consolidation of 27 Stores.

BANKING AND CREDIT NEWS-June 26, 2014--Umpqua Bank Eyes Post-Merger Consolidation of 27 Stores

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26 June 2014 -- Oregon US-based Umpqua Holdings Corp's (NASDAQ: UMPQ) Umpqua Bank subsidiary said that it will be consolidating 27 stores this year as a result of its April 2014merger with Sterling Financial Corp.

According to the bank, store consolidations will begin in September and continue through the end of 2014. Umpqua has notified all customers affected by these consolidations, and will be automatically transferring customer accounts to the most convenient store, most of which are less than a mile from the previous location.

At this time, no additional store consolidations have been finalised, although a number of stores are still under review for potential consolidation in 2015, it said.

Umpqua Bank has locations across Idaho, Washington, Oregon, California and Northern Nevada.

Find out more at www.umpquabank.com.

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