Newsweek Names Umpqua Bank One of America's Most Trustworthy Companies for Second Year in a Row

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Umpqua Bank, a subsidiary of Columbia Banking System Inc. (COLB), has been recognized as one of America's Most Trustworthy Companies for the second consecutive year, ranking ninth in the bank category for 2024. The accolade, awarded by Newsweek and Statista Inc., is based on evaluations of customer, investor, and employee trust. Columbia and Umpqua's merger in 2023 has positioned them as a leading bank in the Western U.S., serving a vast customer base across eight states and major metropolitan areas.

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 27^th 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

FAQ

What is the name of the subsidiary of Columbia Banking System Inc. recognized in the PR?

Umpqua Bank is the subsidiary of Columbia Banking System Inc. mentioned in the press release.

What accolade has Umpqua Bank received for the second year in a row?

Umpqua Bank has been named one of America's Most Trustworthy Companies for the second year in a row.

What was Umpqua Bank's ranking in the bank category for 2024?

Umpqua Bank ranked ninth in the bank category for 2024.

What was the date when the award was announced by Newsweek and Statista Inc.?

The award was announced on March 27th by Newsweek and Statista Inc.

How many evaluations of companies were submitted for the survey?

A total of 97,000 evaluations of companies were submitted for the survey.