Umpqua Holdings in Portland, Ore., has formed a corporate lending office.
The $21.4 billion-asset company said in a press release Wednesday that it had hired Richard Cabrera to oversee the new division, which will provide products such as debt capital, international banking and treasury management.
Cabrera previously worked at California Bank & Trust in San Diego, where he was a regional manager in charge of a large portfolio of middle-market and high-growth companies.
Cabrera's experience "combined with Umpqua's customer-centric approach" should help accelerate expansion of the new business, Tory Nixon, Umpqua's head of commercial banking, said in the release.
Umpqua Bank has 316 branches in Idaho, Washington, Oregon, California and Nevada.
