Umpqua Bank Expands in Colorado with First Retail Branch and Commercial Office Location in Denver

Rhea-AI Summary

Umpqua Bank, a subsidiary of Columbia Banking System (Nasdaq: COLB), has expanded its presence in Colorado with the opening of its first retail branch and commercial office in Denver. The new location includes a 7,500 square foot commercial space opened in January 2025 and a 2,600 square foot retail branch.

The expansion builds on Umpqua's initial 2022 market entry in Colorado providing commercial real estate services. The Denver Tech Center location will offer full-service consumer, commercial, private banking, and wealth management services. The branch, led by Daniel Maganda, will operate Monday through Friday from 9 a.m. to 5 p.m.

The bank plans to further expand with another commercial and retail location in Colorado Springs later this year. As part of its community engagement, the Umpqua Bank Charitable Foundation has contributed $60,000 to various local organizations and an additional $25,000 to the Denver Indian Family Resource Center.

Positive

• Geographic expansion into new market with strong economic potential
• Diversification of services from initial commercial real estate to full-service banking
• Strategic location in Denver Tech Center targeting business community

Negative

• None.

News Market Reaction – COLB

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Umpqua Bank's retail and commercial space supports full-service consumer, commercial, private banking and wealth management services

LAKE OSWEGO, Ore., March 11, 2025 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today announced the opening of its first retail branch and commercial office in Denver, Colo., marking another milestone in its ongoing expansion across the Western U.S. The bank's continued growth and expansion in Colorado builds upon the success of its initial entry in the market in 2022 providing commercial real estate services.

According to Chris Merrywell, President of Consumer Banking, the announcement reflects Umpqua Bank's commitment to investing in markets with strong economic potential and business communities that align with its relationship-based approach to banking.

"Denver has so much to offer in terms of its quality of life, dynamic economy and vibrant business community. The city is a real catalyst for prosperity in Colorado and across the Mountain West," said Merrywell. "Umpqua Bank is thrilled to strengthen our presence here as we strive to become the premier, full-service bank of choice in communities throughout Colorado and the broader region."

Umpqua Bank initially entered Colorado in 2022 with the addition of middle market banking executive Shawn Thompson. Over the past three years, the bank has steadily added services and capabilities to its Colorado offering, supporting businesses of all sizes as well as high net worth individuals through its private bank and wealth management services.

"Since entering the market, Umpqua Bank has led with talent. We've assembled a top local banking team that offers an alternative option for businesses that want robust capabilities and expertise, paired with a personalized banking experience," said Thompson. "Opening our first retail branch and commercial office space in the heart of Denver's thriving business community signals our long-term commitment to the market and enables us to support the full range of customer banking needs."

Umpqua Bank's location in the Denver Tech Center includes a 7,500 square foot commercial space that opened in January 2025 and an additional 2,600 square foot retail branch. The local team will host a grand opening event for the broader community in April.

The branch is led by Daniel Maganda, who brings more than 14 years of banking experience to his role at Umpqua Bank and is an active volunteer with the Rocky Mountain Finance Institute, where he assists local entrepreneurs with identifying targets and developing marketing strategies. The branch is located at 4600 S Syracuse St, Suite 150 Denver, CO 80237 and will be open from 9 a.m. to 5 p.m., Monday through Friday.

The bank has plans to open another commercial and retail location in Colorado Springs later this year.

Community Involvement

Umpqua Bank plays an active role in the communities in which it operates. As part of the bank's continued expansion in Denver, the Umpqua Bank Charitable Foundation (UBCF) recently contributed a combined $60,000 in charitable donations to Care and Share, Children's Hospital Colorado Foundation, Goodwill of Colorado, Pikes Peak Community Foundation, Pikes Peak or Bust Rodeo Foundation and Warren Village.

Additionally, the UBCF donated $25,000 to the Denver Indian Family Resource Center to advance the work of nonprofit partners that support the needs of tribal and indigenous communities.

Learn more about Umpqua Bank's growing Colorado presence at https://www.umpquabank.com/colorado/.

About Umpqua Bank
Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), is an award-winning regional financial institution supporting businesses of all sizes and consumers across eight western states. Headquartered in Lake Oswego, Oregon, with more than $50 billion in assets, Umpqua is the largest Northwest-based and third largest publicly traded bank on the West Coast. Through a network of nearly 300 branches and a full suite of commercial and retail capabilities, Umpqua is taking its celebrated brand of relationship banking across the West into some of the most dynamic and economically vibrant markets in the country. For its commitment to exceptional customer service and thriving communities, Umpqua has been named one of "Oregon's Most Admired Companies" for 20 straight years and is consistently ranked by Newsweek as one of "America's Most Trustworthy Companies."

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SOURCE Umpqua Bank

FAQ

When did Umpqua Bank (COLB) open its first Denver branch and how large is the facility?

Umpqua Bank opened its first Denver location in January 2025, featuring a 7,500 sq ft commercial space and 2,600 sq ft retail branch in the Denver Tech Center.

What services does Umpqua Bank (COLB) offer at its new Denver location?

The Denver location offers full-service consumer, commercial, private banking, and wealth management services.

What are Umpqua Bank's (COLB) expansion plans in Colorado for 2025?

Umpqua Bank plans to open an additional commercial and retail location in Colorado Springs later in 2025.

How much has Umpqua Bank (COLB) invested in Colorado community initiatives?

Umpqua Bank has contributed $85,000 total, with $60,000 to various local organizations and $25,000 to the Denver Indian Family Resource Center.