Briefly.Byline: The Register-GuardUmpqua Ump·qua A river, about 322 km (200 mi) long, of southwest Oregon rising in two branches and flowing north and west to the Pacific Ocean. Holdings reports quarterly profit increase PORTLAND Portland, town, England Portland, town (1991 pop. 12,945), Dorset, S England. It is on the Isle of Portland, a small rocky peninsula. Portland stone has been used in St. Paul's Cathedral and other important London buildings. Lobsters and crabs are harvested. - Umpqua Holdings Corp., which has nine Umpqua Bank branches in Lane County, on Tuesday reported second-quarter profits of $8.1 million. The holding company, which bought Centennial Bancorp last November, said the profits for the period ended June 30 equaled 28 cents a share, compared to $5.3 million, or 26 cents a share, in the year-earlier quarter. Much of the profit increase came from the Centennial acquisition. Umpqua Holdings CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ray Davis Ray Davis may refer to:
put pressure on the bank's profits and the value of its mortgage servicing Mortgage servicing The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. rights. Compared to the first quarter, second-quarter profits dipped 3 percent. The bank responded to low interest rates by selling some of its municipal bonds, Davis said. Umpqua's assets reached $2.7 billion, up from $1.5 billion last year before the Centennial deal. |
|
|||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion