Business
Umpqua Bank Expands in Colorado with First Retail Branch and Commercial Office Location in Denver
Umpqua Bank's retail and commercial space supports full-service consumer, commercial, private banking and wealth management services LAKE OSWEGO, Ore., March
About this update from Columbia Banking System, Inc.
[{"type":"text","content":"Umpqua Bank's retail and commercial space supports full-service consumer, commercial, private banking and wealth management services\nLAKE 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.\n\n \n \n \n \n \n \n\n \nAccording 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.\n\"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.\"\nUmpqua 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.\n\"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.\"\nUmpqua 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 Ap...