Umpqua Bank parent buys Washington firm

| Print |  Email
Must Reads
Wednesday, June 05, 2013

Umpqua Holdings agreed to pay $158 million for the parent of Financial Pacific Leasing, a Washington company that leases equipment to small businesses.

FinPac had assets of $279 million, and the bank expects the acquisition to add to per-share operating earnings by 14 percent within a year. It should also add about one-third of one percentage point to Umpqua's net interest margin, the bank said, which had been shrinking along with the rest of the industry.

In a statement, Umpqua CEO Ray Davis called the purchase was "a disciplined acquisition" that took advantage of the bank's excess capital and should boost profits. He said the bank would continue looking for other acquisitions.

Read more at OregonLive.com.

{biztweet}umpqua bank{/biztweet}

 

More Articles

Knight Cancer Challenge No Biotech Dream

May 2015
Monday, April 27, 2015
BY JOE CORTRIGHT

The Knight challenge is an important instance of philanthropy. But we should not assume it will magically transform OHSU into a business- and job-spinning engine for the local economy.


Read more...

Hall of Flame

June 2015
Friday, May 22, 2015
BY JACOB PALMER

A Power Lunch at Oswego Grill.


Read more...

Picture This

May 2015
Monday, April 27, 2015
BY JACOB PALMER

As a general rule, the more people with autism can be provided with visual cues, the better they will be able to understand and manage their environment. It’s a lesson Tom Keating learned well. The 61-year-old Eugene grant writer spent 31 years taking care of his autistic brother James, and in the late 1980s developed a spreadsheet that created a series of nonsense characters that grew or shrank depending on how much money James had in his account. 


Read more...

6 highlights from the Craft Brewers Conference

The Latest
Friday, April 17, 2015
thumbcbcPHOTOS BY  JASON E. KAPLAN

The 32nd annual CBC attracted a record number of attendees (11,000)  to the Oregon Convention Center.


Read more...

Shades of Gray

May 2015
Monday, April 27, 2015
BY KIM MOORE

Are we too quick to diagnose corruption?


Read more...

Downtime with the director of Barley's Angels

May 2015
Monday, April 27, 2015
BY JACOB PALMER

Live, Work, Play with Christine Jump.


Read more...

Green workplace 2.0

Linda Baker
Thursday, May 28, 2015
IMG 2808BY LINDA BAKER | EDITOR

Reinventing capitalism. Office dumpster divers. Handprints versus carbon footprints. These are some of the ideas panelists and attendees discussed during the second annual Oregon Business “Green Your Workplace” seminar yesterday.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS