LAKE OSWEGO, Ore.,
April 8,
2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of
Columbia Banking System Inc., (Nasdaq: COLB) has been named to
Newsweek's list of Most Trustworthy Companies in America for the
second year in a row, ranking ninth in the bank category for 2024.
The award, presented and announced on March
27th by Newsweek and industry ranking provider
Statista Inc., is based on a comprehensive evaluation of customer,
investor and employee trust.
"We strive every day to build a culture that supports and
develops talented associates who deliver exceptional service for
our customers and strong returns for our shareholders," said
Clint Stein, CEO of Umpqua Bank.
"Being named one of America's Most Trustworthy Companies is
testament to the enduring strength and stability of our franchise,
and Umpqua Bank's continued commitment to the success and
prosperity of those we serve."
Newsweek and Statista use a comprehensive methodology to compile
the annual America's Most Trustworthy Companies list, including a
detailed review of all companies headquartered in the United States with revenue of more than
$500 million. Results are based
on an independent survey of 25,000 U.S. residents who rated
companies they know. A total of 97,000 evaluations of companies
were submitted. Additionally, Newsweek and Statista studied the
reputation of companies across various online media platforms and
forums based on the sentiment of the coverage.
In 2023, Columbia and
Umpqua combined two of the Pacific
Northwest's premier financial institutions under the Umpqua Bank
brand to create one of the largest banks headquartered in the West.
The company now serves a growing customer base across eight states
and most of the major metropolitan areas in the western U.S.
The America's Most Trustworthy Companies list can be viewed on
Newsweek.com.
About Umpqua Bank
Umpqua Bank is a subsidiary of
Columbia Banking System Inc., (Nasdaq: COLB) and a premier regional
bank in the western U.S., with offices in Oregon, Washington, California, Idaho, Nevada, Utah,
Arizona and Colorado. With over $50
billion of assets, Umpqua
combines the resources, sophistication and expertise of a national
bank with a commitment to deliver superior, personalized service.
The bank consistently ranks as one of America's Best Banks (ranked
by Forbes) and supports consumers and businesses through a full
suite of services, including retail and commercial banking; Small
Business Administration lending; institutional and corporate
banking; equipment leasing; and wealth management. The bank's
corporate headquarters are located in Lake Oswego, Oregon. Learn more at
umpquabank.com.
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SOURCE Umpqua Bank
