OSDBU is pleased to announce that Umpqua Bank, the Pacific Northwest’s largest community bank, is the newest participating lender in DOT’s Short Term Lending Program (STLP). The STLP provides much needed working capital to qualified businesses participating on federally funded transportation projects. Currently, Umpqua Bank has a total of 78 offices in Oregon, 74 in Northern California, 29 in Washington State, and 5 in Nevada. Umpqua’s total asset size is $11.8 billion, making it the third largest bank to join the STLP.
In January 2011, Umpqua Bank announced that it was launching a new Business Banking Division to increase their lending to small and mid-sized companies, recognizing that small businesses are critical to our national economy. Specialized small business banking teams are located in Eugene, Portland, Seattle, San Francisco, and Sacramento. The Portland Business Journal has ranked Umpqua Bank as the Most Admired Financial Services in Oregon for six years in a row.