Portland
— Umpqua Holdings Corp., parent of Umpqua
Bank, announced the acquisition of Western Sierra Bancorp and
its subsidiaries Western Sierra Bank, Central California Bank,
Lake Community Bank and Auburn Community Bank. The new banks,
adding 31 branches that will operate under the yellow and green
Umpqua pine tree logo, will extend the bank’s reach into
Northern California. Ray Davis will continue as CEO of Umpqua.
Umpqua Holdings has its headquarters in Portland, while Umpqua
Bank is based in Roseburg.
