Now that the infrastructure is in place, Umpqua Private Bank is ready to scale the business, says Kelly Johnson, the executive vice president of the wealth management division.
Since the private bank was established in Portland in August 2009, it has gained more than 300 clients with an average of $1.4 million in deposits, loans and trust and investment assets. It is now looking to branch out beyond Portland to San Francisco and Seattle, where many millionaires, the bank's target client, reside.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access