Umpqua Holdings Corp. in Portland, Ore., has restructured its retail banking division and created six "super regions" for its Oregon, Washington, and California markets.
Processing Content
Ric Carey, Umpqua's executive vice president of retail banking, will oversee its six regional managers. He will report to Ray Davis, Umpqua's chief executive officer.
The $8.3 billion-asset company said Tuesday that each regional manager would continue to oversee local decision-making for retail sales and services. The new regions cross state borders. Mr. Carey has supervised Umpqua's retail banking in Oregon and Washington for four years.
