UMPQUA BANK EXPANDS ITS COMMERCIAL REAL ESTATE DIVISION IN COLORADO

Bank hires denverCRE-based Todd Grover as part of Mountain West’s growth strategy

PORTLAND, Oregon., August 23, 2022 /PRNewswire/ — Umpqua Banka subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced the expansion of its commercial real estate (CRE) division to Colorado with the hiring of Todd Grover as senior vice president and market leader to lead and grow the bank denver– CRE team based. Grover is one of from colorado commercial real estate leaders with over 25 years of industry experience.

According Neil Hodgeexecutive vice president and head of commercial real estate at Umpqua Bank, Grover’s addition reflects Umpqua’s strategic priority continues to increase its presence in denver and create a premier banking experience for businesses in the Mountain West region.

“Todd is a formidable CRE professional with a strong reputation for leadership, client-focused service and experience as a trusted advisor to his clients,” Hodge said. “As one of the strongest banks in the West, Umpqua is delighted to hire Todd to lead our expansion and leverage our size, resources and expertise for owners and development companies looking to support the vitality and growth of denver, Phoenix and other Mountain West communities.”

Grover brings to Umpqua a record of leadership success that includes building teams that generate annual loans in excess of $1 billion. Most recently, Grover served as Head of Markets for BBVA UNITED STATESleading teams that have structured commercial real estate finance transactions in major markets, including denver, Chicago, dallas, Houston, Los Angeles, Phoenixand San Francisco. The volume included transactions of apartments, industrial buildings, retail, offices, medical practices and triple net leased properties. Throughout his career, Grover has applied his expertise to create customized financing solutions for clients, with financing typically ranging from $15 million at $70 million by project for a variety of needs, including construction, acquisition, bridging and term lending.

Today’s announcement marks the growth of Umpqua’s expanding into Colorado which includes the rental of Shawn Thompson earlier this year to lead its middle market banking division in the region.

Umpqua is delighted to be part of from Denver a vibrant business community and economy. We look forward to helping communities across the western United States prosper,” said Umpqua Bank President. Tory Nixon. “We strive to attract top banking talent who are passionate about providing high-growth commercial businesses with an exceptional relationship banking experience. Our recent leadership hires in the region and the expansion of our middle market banking divisions and commercial real estate in Colorado reflect our commitment to do just that.”

Grover holds an MBA in Finance from Indiana University Kelley School of business and a bachelor’s degree in marketing from University of Michigan. He also participated in the executive development program of the University of Texas at Austin.

About Umpqua Bank
Umpqua Bankwhose head office is at Roseburg, Oregon.is a subsidiary of Umpqua Holdings Corporation and operates through Oregon, Washington, California, Idaho, Nevada, Arizonaand Colorado. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications such as The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for eight consecutive years on FORTUNE magazine’s “100 Best Companies to Work For” list and was recently named the Portland Business Journal’s Most Admired Financial Services Company in Oregon for the 17th consecutive year. In addition to its retail banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally recognized trade finance company that provides equipment leases to small businesses.

SOURCE Umpqua Bank

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