Umpqua Bank (UMPQ) Established Corporate Banking Division

October 5, 2016 8:34 AM EDT

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Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (Nasdaq: UMPQ), announced that it is expanding its commercial banking offerings with the addition of a new corporate banking division. The new division will provide growing companies with dedicated resources and a full range of corporate banking products including debt capital markets, international banking, treasury management and more. Umpqua has hired industry veteran and executive vice president Richard Cabrera to lead the division.

“Umpqua’s strong presence in key west coast markets provides us with a terrific opportunity to serve the region’s growing businesses,” said Tory Nixon, executive vice president and head of commercial banking. “These companies need access to sophisticated financial expertise, and Richard’s knowledge combined with Umpqua’s customer-centric approach will help them grow while accelerating the expansion of our corporate banking portfolio.”

Cabrera brings thirty years of commercial banking expertise to his role as executive vice president of corporate banking. Previously he served in a variety of commercial and corporate banking roles at California Bank & Trust, most recently as executive vice president and regional manager overseeing a large portfolio of middle market, high growth companies. Cabrera has served on multiple nonprofit boards in Southern California including Junior Achievement and Saddleback Food Pantry.

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