Umpqua Bank is headquartered in ROSEBURG and is the largest bank in the state of Oregon. It is also the 44th largest bank in the nation. It was established in 1953 and as of June of 2023, it had grown to 5,255 employees at 328 locations. Umpqua Bank's money market rates are 11X the national average, and it has an A health rating.
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Umpqua Bank
I love this bank. When I lost my card they made it super easy to get a new one. They have also forgiven overdraft fees when I ran into financial hardships because I had previously maintained my account pretty well. I appreciate that they don't charge overdraft fees for less than $5 of insufficient funds. Whenever I get a chance to go back to Oregon and go into a physical bank, the tellers are always very nice and super helpful.
This Is Not Really An Online Bank
I attempted to open a two year CD that I saw listed here. I am not an existing customer of this bank. However, after going to the website and then calling, I learned that the two year CD could not be opened on line.
To get the two year CD I had to physically go to one of their branches to do that. Nonetheless, I would not be able to fund such a CD by ACH (most of my investable funds are at other internet banks and funds are moved by ACH). Rather, I would have to open a deposit account which could be funded by ACH, too complicated.
While there website shows online capability, it seems that is only intended for existing customers
The Bank Of "I Don't Know"
I have never seen less competent bank employees in my life. I opened a checking account and it was a disaster. They misspelled the name, didn't send a pin for the atm card. You will have to go down to the branch and tell the employees what to do. They are next to worthless and should be replaced with machines ASAP.
Worst Bank To Do Business With - They Are A Bunch Of Frauds
Since the merger with Columbia bank, Umpqua Bank became a bank of thieves and fraudulent people.
Was home, received a call that there was an illegal charge on my bank card. I logged-in to my account and could not see the charge. But I am told that they have to disable the card though they could not prove it. A couple of days later, the entire balance on my checking disappeared ($13k). Don't do business with Umpqua or Columbia bank. They don't value their customers.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17266 |
| Year Established | 1953 |
| Employees | 5255 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 6.06% |
| Annual Interest Income | $1.15B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $53.58B$30.13B |
| Loans | Q2 2023vs Q2 2022 | $36.83B$24.40B |
| Deposits | Q2 2023vs Q2 2022 | $40.88B$26.28B |
| Equity Capital | Q2 2023vs Q2 2022 | $5.25B$2.78B |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $404.6MM$261.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $52.2MM$18.6MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $278.00K$1.9MM |
