Oregon

With $225 million of fresh capital on the way, Umpqua Holdings in Portland, Ore., is on the lookout to buy failed banks — both in its market area and beyond.

Regulators closed two community banks in Florida, and one in Oregon, Friday evening to bring the year's failure total to 72.

Umpqua Holdings Corp. plans to aggressively expand its private banking unit as other, smaller banks divest such businesses. Donna Huntsman, who was hired Monday to be a senior vice president of private banking, said she expects the Roseburg, Ore., company to have at least $900 million of private banking assets under management in three years.