Umpqua Bank Closing 27 Branches | 101 KXL

Umpqua Bank Closing 27 Branches

Written by Steve Herman on June 24, 2014
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PORTLAND, Ore. – Umpqua Bank says it will close 27 branches by year’s end as it consolidates operations after its April merger with Sterling Financial.

At last check in 2012, Umpqua Bank held the largest deposit of any local bank or credit union for the City of Portland. That total is $30-million.

The Roseburg, Oregon-based bank said Monday that more closures are possible in 2015.

The company did not identify the branches due to be closed.

The Columbian reports the 27 will include 13 branches in Washington and seven each in Oregon and California.

Umpqua says it has notified all customers who will be affected by the closures, and will be automatically transferring customer accounts to “the most convenient” branch nearby.

 

The Associated Press contributed to this report.

Posted Under: Local Headlines, Today's Top Stories

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