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-Umpqua Bank introduces GreenStreet business lending.

Global Banking News-September 22, 2011--Umpqua Bank introduces GreenStreet business lending(C)2011 ENPublishing -

Global Banking News - 22 September 2011

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has said that it has expanded its Green Street lending programme to include products that provide businesses with energy efficiency and renewable energy financing.

'Umpqua Bank built this GreenStreet Business lending program to match increased market demand for innovative products that allow businesses to invest in the future of their companies,' said Cort O'Haver, EVP of commercial banking for Umpqua Bank. GreenStreet products are available at all Umpqua Bank lending locations in California, Nevada, Oregon and Washington.

The GreenStreet commercial real estate improvement loan is for amounts of USD5,000 to USD250,000, or USD250,001 to USD1m. The term of the loan, which is for energy solutions and solar energy, is up to 15 years, re-amortised every five years. The GreenStreet business improvement term loan is for amounts of USD5,000 to USD250,000, or USD250,001 to USD500,000. The loan is also for energy solutions and solar energy, and the term is up to seven years.

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Publication:Global Banking News (GBN)
Date:Sep 22, 2011
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