Key Developments: Umpqua Holdings Corp (UMPQ.O)
14.55USD
18 Jun 2013
$0.20 (+1.39%)
$14.35
$14.41
$14.60
$14.35
485,622
700,336
$14.60
$11.17
Latest Key Developments (Source: Significant Developments)
Umpqua Holdings Corp's Umpqua Bank Announces Acquisition of Financial Pacific Holding Corp
Umpqua Holdings Corp announced that Umpqua Holdings and Umpqua Bank have signed a definitive agreement to acquire Financial Pacific Holding Corp (FinPac) for $158 million in cash. FinPac is parent company of Financial Pacific Leasing, LLC, which provides business-essential commercial equipment leases and loans to various industries throughout the United States, and is based in Federal Way, Washington. The boards of both companies and Flexpoint Ford, LLC have approved the transaction. Completion of the acquisition is expected within 30 days. Wachtell, Lipton, Rosen and Katz served as legal advisor, and J.P. Morgan Securities LLC served as financial advisor, to the board of directors of Umpqua Holdings Corporation. Kirkland & Ellis LLP served as legal advisor to Flexpoint Ford, LLC. Full Article
Umpqua Holdings Corp Announces Special Dividend and 50% Increase in Quarterly Dividend
Umpqua Holdings Corp announced that its Board of Directors approved a special dividend of $0.05 per common share, and also approved a quarterly cash dividend of $0.15 per common share, which represents a 50% increase over the cash dividend declared the previous quarter. The special dividend is payable on June 14, 2013, to shareholders of record as of May 31, 2013. The second quarter dividend is payable on July 15, 2013 to shareholders of record as of June 28, 2013. Full Article
Umpqua Holdings Corp Announces Quarterly Dividend
Umpqua Holdings Corp announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share. The dividend is payable on April 15, 2013 to shareholders of record as of March 29, 2013. Full Article
Umpqua Holdings Corp Announces Quarterly Dividend
Umpqua Holdings Corp announced that its Board of Directors approved a fourth quarter cash dividend of $0.09 per common share. The dividend is payable on December 28, 2012 to shareholders of record as of December 14, 2012. Full Article
Umpqua Holdings Corp Completes Acquisition Of Circle Bancorp
Umpqua Holdings Corp announced the completion of the acquisition of California-based Circle Bancorp, parent company of Circle Bank. The final agreement provides for cash consideration to the common shareholders of $20.4 million, or $17.75 per share. Including the planned cash redemption of $3.5 million in preferred stock and the value of outstanding options and warrants, the total aggregate deal value is approximately $24.9 million. Effective today, all Circle Bank branches are operating under the Umpqua Bank name. Full Article
Umpqua Holdings Corp Announces Quarterly Dividend
Umpqua Holdings Corp announced that Board of Directors approved a quarterly cash dividend of $0.09 per common share. The dividend is payable on October 15, 2012 to shareholders of record as of October 1, 2012. Full Article
Umpqua Holdings Corp to Acquire Circle Bancorp
Umpqua Holdings Corp announced a definitive agreement to purchase Circle Bancorp, parent company of Circle Bank. The agreement provides for cash consideration to the common shareholders of $20.4 million, or $17.75 per share. Including the planned cash redemption of $3.5 million in preferred stock and the value of outstanding options and warrants, the total aggregate deal value is approximately $24.9 million. Upon completion of the acquisition, all Circle Bank branches will operate under the Umpqua Bank name. The boards of both companies have approved the transaction. Following entry by the companies into the agreement, Shoreline Capital Partners LP, the holder of approximately 99% of the outstanding shares of common stock of Circle Bancorp, delivered to Circle Bancorp its agreement to vote in favor of approving the agreement. Completion is expected during the fourth quarter of 2012. Lane Powell PC served as legal advisor to the board of directors of Umpqua Holdings Corporation and Horgan, Rosen, Beckham & Coren, L.L.P. served in the same capacity for Circle Bancorp. Keefe, Bruyette & Woods, Inc. served as financial advisor to Circle Bancorp. Full Article
Umpqua Holdings Corp Announces 29% Increase In Quarterly Dividend
Umpqua Holdings Corp announced that its Board of Directors approved a quarterly cash dividend of $0.09 per common share, which represents a 29% increase over the cash dividend paid in the previous quarter. The dividend is payable on July 13, 2012, to shareholders of record as of June 29, 2012. Full Article
Umpqua Holdings Corp's Umpqua Bank To Acquire California Based American Perspective Bank
Umpqua Holdings Corp announced that its subsidiary Umpqua Bank has signed a definitive agreement to acquire California based American Perspective Bank for $10.00 per share in cash, giving the acquisition a total value of approximately $44.7 million. Upon completion of the acquisition, all American Perspective Bank locations will operate under the Umpqua Bank name. Full Article
Umpqua Holdings Corp Announces Quarterly Dividend
Umpqua Holdings Corp announced that its Board of Directors approved a quarterly cash dividend of $0.07 per common share. The dividend is payable on April 13, 2012, to shareholders of record as of March 30, 2012. Full Article
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