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Umpqua Bank opens new neighbourhood store

04 June 2014  |  1414 views  |  0 Source: Umpqua Bank

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), today announced that the newest iteration of its neighborhood store concept will open in the first quarter of 2015 at 710 SW Yamhill Street in Portland, Ore.

Umpqua's neighborhood store concept, which the company first introduced in 2007, combines interactive design features and technology in smaller store footprints near where customers live, work and play.

"Umpqua's store design is constantly evolving to reflect changing consumer preferences and behaviors. We initially developed the neighborhood store concept to complement our flagship locations with a smaller design that could be built and opened quickly to provide our customers and communities with an engaging and highly interactive experience," said Ray Davis, president and CEO of Umpqua Bank. "With the design of our new Fox Tower location we will continue to advance how bank stores can remain relevant by engaging and adding value to the communities they serve.

The Fox Tower store will build on design innovations introduced in the flagship stores Umpqua has opened most recently in San Jose, San Francisco and Seattle. In January of 2014, Umpqua's San Francisco store, located in the city's Financial District, received the Retail Design Institute's 2013 Store of the Year Award, marking the first time a financial institution has been recognized with this award.

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