BRIEFLY.Byline: The Register-Guard NORTHWEST Umpqua Bank parent company posts quarter-earnings boost The parent company of Portland-based Umpqua Bank reported Thursday that this year's second-quarter earnings reached $20.6 million, or 42 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared with $16.1 million, or 36 cents per share, for the same period in 2005. The 28 percent increase in earnings for Umpqua Holdings Corporation Umpqua Holdings Corporation (NASDAQ: UMPQ) is a financial holding company that has two principal operating subsidiaries, Umpqua Bank (the Bank), and Strand, Atkinson, Williams and York, Inc. (Strand). (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : UMPQ) highlighted an earnings report that reflected Umpqua's purchase this year of Western Sierra Bancorp. The acquisition gave Umpqua a presence in the Sacramento and San Joaquin Valley Noun 1. San Joaquin Valley - a vast valley in central California known for its rich farmland Calif., California, Golden State, CA - a state in the western United States on the Pacific; the 3rd largest state; known for earthquakes areas. With expenses associated with the purchase factored in, Umpqua's earnings for the quarter were $19.6 million, or 40 cents per share. Its assets when the second quarter ended June 30 were $7.2 billion, compared with $5 billion a year ago. Natural gas prices expected to rise for heating season SALEM - Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. regulators were warned Thursday to expect higher natural gas prices this fall and winter. Utility managers told the state Public Utility Commission to expect increases in the range of 4 percent to 12 percent in what has been a volatile market for one of the main sources for home heating and fuel for electrical power generation around the nation. Officials with NW Natural Gas, Avista Utilities and Cascade A connected series of devices or images. It often implies that the second and subsequent device takes over after the previous one is used up. For example, cascading tapes in a dual-tape backup system means the second tape is written after the first one is full. Natural Gas told the commission they will be filing requests soon and to expect residential rate increases of 4 percent to 12 percent for NW Natural Gas, 6 percent to 10 percent for Cascade Natural Gas, and 6 percent to 8 percent for Avista Gas. - From Register-Guard and news service reports |
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