Umpqua Bank, Ferguson Wellman form strategic alliance

Fri. October 02, 2009; Posted: 10:45 AM

Oct 02, 2009 (Datamonitor via COMTEX) -- UMPQ | Quote | Chart | News | PowerRating -- Umpqua Bank, a subsidiary of Umpqua Holdings, and Ferguson Wellman Capital Management have formed a strategic alliance to provide personalized investment strategies and services for individuals, families and nonprofits.

Umpqua Bank and Ferguson Wellman will remain independent, but will reportedly work in exclusive partnership with one another to offer customers an expanded portfolio of wealth management products and services that combines private banking and asset management.

Umpqua Bank's wealth management division includes the company's retail brokerage, Umpqua Investments, and its private bank. The partnership with Ferguson Wellman reportedly expands Umpqua's wealth management services to include asset management.

Through this partnership, Umpqua customers and advisors now have access to Ferguson Wellman's staff of 17 portfolio managers and analysts, as well as its proprietary financial planning tools.

Through the alliance with Umpqua, Ferguson Wellman now has the ability to recommend exclusive private banking solutions to clients seeking customized lending and depository products.

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For full details on Umpqua Holdings Corp (UMPQ) click here. Umpqua Holdings Corp (UMPQ) has Short Term PowerRatings of 7. Details on Umpqua Holdings Corp (UMPQ) Short Term PowerRatings is available at This Link.

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