Umpqua Holdings in Portland, Ore., has named its top commercial banking executive the president of its bank unit.
Cort O'Haver, president of commercial banking at Umpqua Bank since 2014, is now its president, the $23 billion-asset holding company said Wednesday. He takes the title from Ray Davis, who remains president and chief executive of the parent company and CEO of the bank.
O'Haver has "excelled operationally, financially and culturally as president of commercial banking, and has been instrumental in working with me to advance Umpqua's unique vision and value proposition," Davis said in a news release.
-
Profits barely budged at Umpqua Holdings in Portland, Ore., even though it recorded strong consumer and other loan growth last quarter.
April 20 -
Umpqua Holdings in Portland, Ore., has created a unit dedicated to disrupting the banking industry.
December 3 -
The Oregon company is disinclined to pursue acquisitions or buy back stock anytime soon, though it still would consider opening offices in new markets if the numbers work out.
January 28
O'Haver joined Umpqua in 2010 and directed the commercial banking division. He helped to diversify the bank's commercial business and functions and added international banking, equipment and leasing and debt capital markets capabilities, as well as managed expansion into new geographical markets, the release said.
Umpqua Bank has 342 offices in Idaho, Washington, Oregon, California and northern Nevada. It announced in March that it planned to
