Financial Services >> CEO Interviews >> March 31, 2003
RAYMOND P. DAVIS, President and Chief Executive Officer of Umpqua
Holdings Corporation, is at the forefront of change in the
financial industry. He is leading the charge with unique delivery
systems and pushing the Oregon-based financial services company
into uncharted waters by using e-commerce strategies and adding a
successful brokerage subsidiary to its mix of offerings. Umpqua
Holdings Corporation is the parent company of Umpqua Bank and the
full-service brokerage firm Strand, Atkinson, Williams &York.
Prior to the November 2000 merger of South Umpqua Bank and Valley
of the Rogue Bank, Mr. Davis was the President and CEO of South
Umpqua Bank. He has since overseen the acquisitions of
Independent Financial Network, Linn-Benton Bank and Centennial
Bancorp, creating the largest Oregon-based bank at $2.6 billion
in assets and 68 banking locations. Mr. Davis joined South Umpqua
Bank in 1994 and launched an aggressive expansion together with a
cutting-edge retail-banking strategy. He has brought Umpqua Bank
from third to first in its home market, added several new
locations in markets throughout Oregon, taken the bank public on
the NASDAQ exchange, and created a financial services holding
company, which acquired Oregon's second-largest full-service
investment firm, Strand, Atkinson, Williams & York. Under his
leadership, the assets of Umpqua Bank grew 10-fold between 1994
and 2001. Before joining Umpqua Bank, Mr. Davis served as
President of the U.S. Banking Alliance, headquartered in Atlanta. Profile
Corp. is today?
Mr. Davis: Today we are the largest Oregon-based financial
institution in Oregon, with total assets of about
