Umpqua Bank Names Kent Grubaugh EVP of Wealth Management Division
15 May 2017 - 10:30PM
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation
(NASDAQ:UMPQ), announced today that it has hired Kent Grubaugh to
oversee the company’s wealth management division. In this role,
Grubaugh will oversee and expand the private banking and investment
management services Umpqua offers to high net worth individuals and
families, professional services firms and select non-profit
organizations.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/af601c84-f932-4dcb-9381-d6573ec6798a
“Umpqua has a strong retail and commercial banking presence in
some of the west coast’s fastest growing markets, and views wealth
management as an important counterpart to a bank’s commercial and
corporate banking capabilities,” said Tory Nixon, executive vice
president and head of commercial banking and wealth management.
“With Kent’s deep experience working with high net worth
individuals and families, we’ll be able to expand our private
banking and investment offerings to augment our commercial and
corporate banking expertise and create an integrated customer
experience across all areas.”
Grubaugh brings more than thirty years of banking, investment
management and leadership experience to Umpqua. Previously, he
served as senior vice president and region manager for City
National Bank’s private banking group in Northern California, Reno
and Minneapolis. Before joining City National, Grubaugh served as a
regional director of private banking for Wachovia Bank, and
previously served for twenty years with Bank of America in various
leadership and wealth management roles.
Grubaugh holds a Bachelor of Science degree in Business
Administration from San Diego State University as well as a
Certificate in Personal Financial Planning from University of
California, Los Angeles, and is active in a variety of civic and
community organizations.
About Umpqua BankUmpqua Bank, headquartered in
Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and
has locations across Idaho, Washington, Oregon, California and
Northern Nevada. Umpqua Bank has been acknowledged 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 eight 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 the Most Admired Financial
Services Company in Oregon for the twelfth consecutive year. In
addition to its retail banking presence, Umpqua Bank owns Financial
Pacific Leasing, Inc., a nationally recognized commercial finance
company that provides equipment leases to small businesses.
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.
Media Contacts:
Eve Callahan
(503)-727-4188
evecallahan@umpquabank.com
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